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Treasury shares are well established in other jurisdictions, and
were introduced into Jersey law by the Companies (Amendment No. 9)
(Jersey) Law 2008.
Treasury shares are for example useful for employee share
schemes, and can avoid the need for an employee benefit trust.
Share buybacks to create a more efficient balance
sheet, that is one more reliant on debt, are now less popular, but
treasury shares resulting from such buybacks have advantages,
including ready availability of shares for sale by the company in
place of a new issue.