How will this work?
10000hrs CIC ltd have 100 shares registered to one director (CS) The secretery of 10000hrs is a limited company which is made up of a bunch of solicitors and the other director is REA. Now this is what I can't understand:
If 10000hrs take over the 52% SMFC shares they, 10000hrs, and in particular CS will own SMFC and CS could if he chose to do so sell his 100 shares to REA or to anybody else for that matter. Can someone please tell me exactly how Saint Mirren fans will be allocated shares from the 100 shares held by CS?
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