TREASURY SHARES
1 June 2016 By PDSNETShares of a company which it has bought back from shareholders. Treasury shares are normally destroyed, thereby reducing the number of shares which the company has in issue and so benefiting the remaining shareholders. Sometimes treasury shares are re-issued, typically to employees as part of an employee share incentive scheme. The destruction of treasury shares in usually treated by the Receiver as a dividend payment for tax purposes.
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