UPDATE: Conversion of shares: variation or abrogation of rights attaching to class of shares
- William Kanaan
- Oct 30, 2023
- 1 min read
In an update to our post dated 23rd March 2023, the Court of Appeal upheld a High Court decision that a conversion of preferred shares into ordinary shares upon notice from an investor majority (made up of ordinary shareholders) constituted an abrogation of the rights attached to those shares.
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