Capital measures and share buyback programmes
Legally compliant and flexible advice on capital measures and share buybacks – strategic, in line with the market and aligned with your growth targets.
Whether it is a capital increase, a share buyback programme or issuing convertible financial instruments – we can advise you on the planning and implementation of all capital measures. Based on our extensive experience and in-depth understanding of capital market requirements, we can develop efficient solutions that successfully advance your financing objectives.
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"Capital measures require precise legal advice and in-depth understanding of the capital market – we deliver both."
Partner
Dr Karsten Heider – Partner for stock corporation and capital markets law | CMS -
"Flexibility within the capital structure is a decisive factor for success for listed companies – we ensure legally compliant implementation."
Partner
Philipp Melzer – Partner for banking and capital markets law | CMS
Our range of advisory services on capital measures and share buybacks
- Preparing and implementing capital measures of all kinds, in particular:
- Regular capital increases in kind
- Contingent capital increases, e.g. in connection with issuing convertible bonds or the launch of a share option plan for the company's employees and employees of affiliated companies
- Capital increases from authorised capital, e.g. with simplified exclusion of subscription rights (up to 20 % capital increase against contributions in cash) for private placement without a prospectus in an accelerated bookbuilding process or in return for contributions of shares or a partial purchase price claim under an SPA as a contribution in kind (shares as acquisition currency)
- Capital increases from the company's own resources
- Capital reductions
- Capital measures for restructuring
- Acquisition or sale of treasury shares
- Issuance of convertible or option bonds
- Share buyback programmes
- Structuring and providing advice on scrip dividends
- Further information on our advice on capital measures of all kinds is available here.
"The right capital measure at the right time often determines the next leap in growth."
Philipp Melzer
Partner
Partner for banking and capital markets law | CMS
Our main areas of expertise in stock corporation and capital markets law
General meetings
Corporate governance – Management board and supervisory board
Transactions under stock corporation law
Public M&A, defence, shareholder activism and short attacks
Capital markets law compliance
Remuneration of board members and employee incentive plans
Delisting & going private
Structural and integration measures, group law and corporate litigation
Visit our CMS blog for important specialist and background information
Legal experts for Capital measures and share buyback programmes
Local market knowledge. Global outlook
We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
About CMS