Define: Share Sale
the sale of (or the grant of a right to acquire or to dispose of) any of the shares in the capital of the Company (in one transaction or as a series of transactions) which will result in the purchaser of those shares (or
the sale of (or the grant of a right to acquire or to dispose of) any of the shares in the capital of the Company (in one transaction or as a series of transactions) which will result in the purchaser of those shares (or grantee of that right) and persons Acting in Concert with him together acquiring a Controlling Interest in the Company, except where following completion of the sale the shareholders and the proportion of shares held by each of them are the same as the shareholders and their shareholdings in the Company immediately prior to the sale;.
Relevant Circumstances
- When a buyer is acquiring control of a company by purchasing shares
- If drag-along, tag-along or pre-emption rights are triggered by a sale
- Where reorganisations need to be carved out of the share-sale definition
Relevant Sectors
- Finance
- Trade & Commerce
- Legal Services