At present, New Zealand is one of the few remaining jurisdictions in which companies are prohibited from purchasing their own shares. In other jurisidictions, companies purchase own shares to accomplish a variety of objectives ranging from retirement of members in closely held businesses to attempt to defeat takeover bids for publicly listed companies. In some countries, the amounts diastributed through share purchases far exceed amount generated by new equity issues. This book identifies and discusses mechanisms of such transactions as well as the problems associated with abolition or relaxation of the present prohibition imposed by New Zealand law. The book also presents the results of a survey which queried company directors and financial analysts in various aspects of share repurchase.