Companies Act 1993

118 Shareholder may require company to purchase shares

• Where—

  • (a) an interest group has, under section 117, approved, by special resolution, the taking of action that affects the rights attached to shares; and

  • (b) the company becomes entitled to take the action; and

  • (c) a shareholder who was a member of the interest group cast all the votes attached to the shares registered in that shareholder's name and having the same beneficial owner against approving the action; or

  • (d) where the resolution approving the taking of the action was passed under section 122, a shareholder who was a member of the interest group did not sign the resolution,—

  that shareholder is entitled to require the company to purchase those shares in accordance with section 111.