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The Supreme Court found a 1997 extraordinary shareholders’ meeting invalid, awarded the claimants share value, unpaid dividends, interest, and legal costs, and granted review for injustice.
After repayment of the debt, Fundira LĂ©on was entitled to the return of his 50% shares in PHARMAVIE Ltd. The subsequent transfer of all shares to VINE PHARMACY Ltd by Mutabaruka CĂ©cile was invalid as it occurred after the order for rehearing. However, as the shares had already been transferred to a third party, Fundira LĂ©on is entitled to the monetary value of his shares as assessed by experts, plus interest for delay, but not to dividends, as there was no evidence of distributed profits.
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