.png)
.png)
28 November 2022
Share valuation
My client died in May and owned 20% of a family property company – investment mainly.
The company does not pay dividends. She was an employed and paid secretary:
- she was not a quasi partner;
- she did not have any specific rights built into her shareholding;
- she had no special agreement with other directors or shareholders in regard to decision making;
- she had no rights to influence dividend policy;
- she did not have a strategic holding which retained the balance of power between other shareholders; and
- the company’s constitution does not provide for a valuation based pro rata on the value of the company.
If she wished to sell her shares she had to offer them first to one of the other family shareholders.
What in readers’ opinion would be a fair discount on the share value in respect to her 20%. This would help in...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
