Pre-emption Rights Upon A Proposed Transfer Of Shares
Our solicitors are vastly experienced in assisting companies of all sizes to facilitate and advise upon pre-emption rights and the proposed transfer of shares. At Blackstone Solicitors, we are able to advise many different types of client on the process involved, no matter the complexity of the circumstances being considered.
For more information about how our team of corporate solicitors can help in addressing pre-emption rights in the share transfer process, contact us on 0345 901 0445 or complete our online enquiry form and a member of the team will call you back at a convenient time.
Pre-emption rights (or “rights of pre-emption”) are any rights shareholders may have to be offered shares in a company before they are made available to anyone else.
If a pre-emption right exists in relation to a transfer of shares, a shareholder wishing to transfer his or her shares must inform the other shareholders of all the details of the offer made by the potential purchaser. The shareholder must also notify the name of the potential purchaser, to enable the other shareholders to evaluate the seriousness and adequacy of the offer.
Blackstone Solicitors are known for our efficiency, attention to detail and ability to get things done; qualities much needed when dealing with pre-emption rights upon a proposed transfer of shares. We will provide professional, pragmatic advice based on our years of experience in this specialist area.
Our team will do all that is necessary to ensure you are properly and robustly represented in any documentation and will put your interests first at all times. Share transfers and pre-emption rights can be highly technical and can sometimes involve different areas of law and regulations; we can advise on all these areas and make sure you are in the best possible position for a successful outcome.
Why Legal Help is Important
It should be remembered that dealing with pre-emption rights upon the proposed transfer of shares can take place in companies of any size and in any industry.
The process can be complex, potentially stressful and can be considered to be incredibly important. It can have an impact on you and your business, both in the short and long term – it is therefore imperative that you have the best legal experts at your side, not only to ensure everything progresses as it should but also to make sure both you and your business benefits from the best possible outcome.
There are no statutory provisions imposing pre-emptive rights when shares are transferred or transmitted, but they are often included in the articles of association of private companies as amendments to the Model Articles. Such provisions usually apply to both the transfer and transmission of shares (i.e. when a shareholder dies or is made bankrupt). There is a wide range of possible provisions, and it is very important that the articles are properly drafted to reflect the needs of the company and its shareholders.
Whatever the circumstances are of the compulsory transfer of shares, we ensure full compliance with corporate laws and regulations, so that you can be sure that the process is addressed on a firm financial and legal basis.
We will work with you to ensure all financial, tax and legal aspects of any proposed share transfer is properly managed. We are able to assist with any aspect of this and will guide you through the technicalities in a clear and concise way. We have a team of experienced solicitors well versed in the process who are ready to assist you.
Get in Touch
Find out more about our services and how our corporate solicitors can assist you and your business by getting in touch. We have offices in Cheshire and London and are able to serve clients across the North West, including Chester and Manchester, as well as throughout the UK and also overseas.