Buyback

Buyback records the SACCO repurchasing its own shares from members, defining the buyback price, eligible classes and volume, then posting the reduction in issued capital. It tracks each member's tendered units, the consideration paid and the resulting cancellation of those shares. Buybacks are used to return surplus capital or manage the share register.

Workflow

Open Shares then Operations then Corporate Actions then Buyback.
Define the buyback terms: price, eligible class and target volume.
Register the units tendered by participating members.
Confirm the consideration and arrange the payouts.
Post the buyback to cancel the repurchased units and reduce issued capital.

Fields reference

Every field on this screen, drawn from the live data model.

Field	Type	Required	Description
Share Account `account_id`	Link → mfi.share.account	Yes	Share Account
Buyback Date `buyback_date`	Date	Yes	Buyback Date
Shares `shares`	Number	Yes	Shares
Company `company_id`	Link → res.company	Yes	Company
Has Message `has_message`	Yes/No	—	Has Message
Reference `name`	Text	—	Reference
Member `member_id`	Link → mfi.member	—	Member
Currency `currency_id`	Link → res.currency	—	Currency
Price / Share `price_per_share`	Money	—	Price / Share
Reason `reason`	Long text	—	Reason
Board Resolution Ref `approving_board_resolution`	Text	—	Board Resolution Ref
State `state`	Choice: Draft, Approved, Done	—	State
Total Amount `total_amount`	Money	—	Total Amount
Transaction `transaction_id`	Link → mfi.share.transaction	—	Transaction

Actions & buttons

Buttons available on this screen and what they do:

Approve
Execute

Status lifecycle

Records on this screen move through these statuses:

Draft → Approved → Done

Notes & rules

Repurchased shares are cancelled, lowering total issued and paid-up capital.
Pledged shares are excluded from buyback until released.
Each tender posts a debit movement and a payout reference.
Buyback volume can be capped to stay within reserve and solvency limits.

Technical model: mfi.share.buyback · Record: MFI Share Buyback