We will be closing from midday on Tuesday 24 December 2024 and will reopen as normal Thursday 2 January 2025. Wishing you all the very best for the festive season and a happy and prosperous 2025!
We were instructed by a corporate client in a buyback of a portion of its ordinary shares which we completed within three days of instruction, which was possible due to there being relatively few shareholders.
The matter involved an indemnity being given by the client to the selling shareholder regarding the buyback of these “employment related securities”, and the discharge of a loan to the seller by our client’s employee benefit trust. We drafted all documentation in short order.