Q1mcq
See model answer βA company is incorporated with two shareholders who each hold 50% of the shares. One shareholder wishes to transfer their shares to a third party. The company's articles of association contain pre-emption rights. What must the transferring shareholder do first?
A) Obtain a special resolution from the board of directors approving the transfer
B) Offer the shares to the existing shareholder before transferring to the third party
C) Register the transfer with Companies House before notifying the other shareholder
D) Obtain consent from the Secretary of State for Business