Is there an obligation on Ordinary Shares?

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.

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June 19, 2023 at 1:58 pm #687233
danwilkinson93
Participant
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I know they are treated as equity so the short answer is probably no…

But surely if you have issued shares, irrespective of whether they are ordinary / preference, you need to pay back the investor?

Thanks
June 20, 2023 at 6:42 am #687267
Stephen Widberg
Keymaster
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No contractual obligation to repay. if you read through the articles of a typical company.

More of a legal question than SBR. 🙂
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