Ventura Capital GP Limited & Anor. v DnaNudge Limited
Claimants succeeded on the main issue of invalidity of share conversion and were entitled to 90% of their costs; the defendant's limited success on s. 633 warranted a 10% discount. Permission to appeal was refused due to lack of real prospect of success.
- Parties
- Claimant: Ventura Capital GP Limited; Claimant: Ventura Capital Limited; Defendant: DnaNudge Limited
- Jurisdiction
- England and Wales
- Judgment Date
- 21 March 2023
- Procedural Posture
- Company Law / Post Judgment Costs and Permission to Appeal Ruling
- Outcome
- Claimants awarded 90% of their costs; permission to appeal refused.
- Legal Topics
- Share Conversion, Variation of Class Rights, Costs, Permission to Appeal
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
Ventura Capital GP Limited
Claimant
Ventura Capital Limited
Claimant
DnaNudge Limited
Defendant
Procedural Posture
Company Law / Post Judgment Costs and Permission to Appeal Ruling
Legal Issues
- 1 Whether the conversion of Series A Preferred Shares into Ordinary Shares was valid
- 2 Whether the claimants were entitled to relief under section 633 of the Companies Act 2006
- 3 Incidence and quantification of costs
Ratio Decidendi
Claimants succeeded on the main issue of invalidity of share conversion and were entitled to 90% of their costs; the defendant's limited success on s. 633 warranted a 10% discount. Permission to appeal was refused due to lack of real prospect of success.
Court Disposition
Claimants awarded 90% of their costs; permission to appeal refused.
Orders
- Claimants to have 90% of their costs of the proceedings.
- Permission to appeal refused.
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment