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Two shareholders own two companies, but unequal shareholdings. They wish to go their separate ways and are willing to carry out a share swap to each achieve independent ownership of one of the companies
I act on behalf of two companies: A Ltd and B Ltd. Both of the companies have common shareholders: shareholder X and shareholder Z who are also both directors of A Ltd and B Ltd. Both shareholders own 50% of the issued share capital in A Ltd and the share capital in B Ltd is owned 70% by shareholder X and 30% by shareholder Z.
Both companies are broadly speaking “marketing” companies but there are differences in the paths that both businesses are heading in. Consequently shareholders X and Z have formed the opinion that they now wish to go their separate independent ways with shareholder X owing 100% of B Ltd and shareholder Z owning 100% of A Ltd.
Both shareholders agree that the value of X’s 50% share in A Ltd which he will give up equates broadly to...
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