W4: Shareholders

Question 1

What is the correct threshold shareholding for a shareholder to give them the right to require the directors to call a general meeting?

Answer 1

5%

Question 2

A derivative claim

Answer 2

A claim brought by a member in respect of a cause of action vested in the company seeking relief on behalf of the company

Question 3

Most common remedy for unfair prejudice claim

Answer 3

an order that the company or the other shareholders purchase the petitioner’s shares

Question 4

When does a shareholder acquire full legal title to new shares that the company has issued to the shareholder?

Answer 4

When their name is entered into the company’s register of members

Question 5

shareholder resolution needed to disapply pre-emption rights

Answer 5

special resolution

Question 6

Conditions for Business Assets Disposal Relief (BADR)

Answer 6

5% shareholding; employee/director; ownership for 2 years or more; not used up lifetime allowance of £1m.

Question 7

how many shareholders must agree to hold a meeting at short notice?

Answer 7

90%

Question 8

How many shareholders are required to block a special resolution?

Answer 8

more than 25% of the vote

Question 9

What shareholding is required to request a poll vote?

Answer 9

10% or more of the shares