https://www.claytonutz.com/knowledg...a-realistic-option-for-large-listed-companies
Summary from article:
Despite shareholders losing the vast majority of their shares, the transfer allows shareholders to retain a very small shareholding and hence some possible economic value, rather than receiving no return upon liquidation. Therefore, after considering all the evidence before him and the respective positions of the shareholders, Justice Black concluded that he was satisfied that there was no unfair prejudice to the shareholders in relation to the proposed transfer of their shares.
@Grant62
This is how!
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- Ann: Recapitalisation Agreement
Ann: Recapitalisation Agreement, page-76
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