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1. A 20% shareholder has the right to vote his shares in general meeting and to see the Annual Accounts of the company. Normally, they would have the right to a dividend if a dividend was declared but that is not the case here. However, a 20% shareholder has no automatic right to be a director. That depends upon being voted in, as a director, at the annual General Meeting. Additionally, a 20% shareholder has no automatic right to be bought out if he wishes, if he is unhappy with the running of the company. Instead he has to petition the court under section 994 of the Companies Act, 2006, for relief against unfair prejudice and have the court order that his shares get bought out. Ultimately, the 20% shareholder has no rights over the company but simply has rights in the company, namely, the right to participate. If there is any particular matter you would like to address, I am happy to help further.
2. There is no power given in Company law to forcibly purchase the shares of a 20% shareholder. Any such sale must be by agreement and any valuation must be at a price at which all parties are happy.