The court set out the considerations for protecting preference shareholders on the compulsory repurchase of their shares. In this case reductions of share premium account was considered in order to facilitate the writing-off of goodwill: ‘the Court will not do anything in vain’
Judges:
Harman J
Citations:
[1988] BCLC 685
Jurisdiction:
England and Wales
Cited by:
Cited – Winpar Holdings Ltd v Ransomes Plc CA 1-Jul-1999
The company had been given permission to cancel a share premium account. Changes in circumstances brought the matter back for reconsideration. . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 13 May 2022; Ref: scu.195960