In re Waterside Nursery Ltd

Subject Matter

COMPANY — Shares — Share warrants to bearer — Arrangements for conversion and cancellation of warrants — Bearer having right to surrender warrants within limited period after which company required to apply to court for cancellation of warrants and shares — Court required either to make order if satisfied bearer notified of right of surrender or make suspended order if not so satisfied — Company making application outside prescribed time limit without having complied with obligation to notify bearer of right of surrender — Whether court having jurisdiction to make order — Small Business, Enterprise and Employment Act 2015 (c 26), Sch 4, paras 5(2), 6(1)(2)

[2022] EWHC 327 (Ch); [2022] Bus LR 409; [2022] 2 BCLC 666; [2022] WLR(D) 117, Ch D