TISO Blackstar Group Se Plc, Re (Supplemental)
The failure to announce the change in Mr Bonamour's election from 100% to 90% 'continuation' was immaterial and would not have affected any scheme shareholder's decision regarding the scheme or their own election.
- Parties
- Applicant: Tiso Blackstar Group SE PLC
- Jurisdiction
- England and Wales
- Judgment Date
- 20 November 2020
- Procedural Posture
- Company Law Application / Judgment
- Outcome
- Application allowed
- Legal Topics
- Scheme of Arrangement, Disclosure Obligations, Director Shareholdings
Case Brief
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Parties
Tiso Blackstar Group SE PLC
Applicant
Procedural Posture
Company Law Application / Judgment
Legal Issues
- 1 Whether failure to announce a director's change in election regarding shareholding was material to scheme shareholders' decisions
Ratio Decidendi
The failure to announce the change in Mr Bonamour's election from 100% to 90% 'continuation' was immaterial and would not have affected any scheme shareholder's decision regarding the scheme or their own election.
Court Disposition
Application allowed
Full Case Text
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