TISO Blackstar Group Se Plc, Re (Supplemental)

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

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Parties

Tiso Blackstar Group SE PLC

Applicant

Procedural Posture

Company Law Application / Judgment

  1. 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