How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask UKSolicitorJA Your Own Question
UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
62162956
Type Your Law Question Here...
UKSolicitorJA is online now

Im was a 20/% shere holder in a limited company the shires

Resolved Question:

I'm was a 20/% shere holder in a limited company the shires where sold to my mother in 2012 . Im no longer a director the remaining 4 directors are after the shers in the company what are my options thay are offering to buy them at very little value . Or thay say that thay can devalue the shers can you give me advice . I dont really won't to sell the shers as the value is going to increase with development in time

Thanks Jeff
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,

You cannot be forced to sell the shares against your will.

If they try and dilute your stake, then you may claim minority oppression and take the matter to court. If they issue more shares, they would also have to offer you your pro rata share to take up along with them on the same terms as them.

You may need to appoint a solicitor if they continue to oppress you. Directors have certain duties under the Companies Act which they may be in breach of from what you say.

Hope this helps
Customer: replied 3 years ago.
Thanks for your reply what is ment by
Minorriry oppression Thanks Jeff
Expert:  UKSolicitorJA replied 3 years ago.
as you have 20% shareholding you are a minority shareholder (less than 50%). Oppress means to be unjust to someone.

e.g. see here: http://en.wikipedia.org/wiki/Shareholder_oppression
UKSolicitorJA and other Law Specialists are ready to help you