2 Apr 2012
BULLEY AND OTHERS v THE ATTORNEY-GENERAL AND OTHERS HC WN CIV-2010-463-640
- Citation
- openlaw-974581aa_8cce_4617_ad31_81f585ca2015.pdf
- Court
- High Court
Subclause F records the initial agreed vesting of 25% and does not impose an absolute upper limit; Schedule II paragraph O authorises acquisition of further shares provided a consumer poll approves; the 1998 consumer poll, taken in context, constituted the required prior approval and the Trustees lawfully acquired 52.29% from United; original vesting of five million shares was lawful.