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Follow up

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Follow up

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • January 23, 2018 at 7:13 pm #432510
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    But Sir can’t Ho gain access to the premium paid on the shares in Jet plc in form of Bonus shares?

    January 23, 2018 at 7:40 pm #432512
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Yes, but that’s at the company’s discretion

    He has no automatic inherent right which is what your question suggested

    He could also be repaid his capital if the company went into a solvent liquidation …

    … but that liquidation step is not Ho’s choice

    In answer to the implicit question in your original post, no, he has no right of access to recover the premium paid on the acquisition of those shares

    OK?

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  • The topic ‘Follow up’ is closed to new replies.

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