Commentary

112.2 Contract, completion and post-completion

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

112.2 Contract, completion and post-completion

| Commentary

112.2 Contract, completion and post-completion

Once the sale and purchase agreement and the disclosure letter are agreed, completion takes place immediately after the signature of the agreement1. The seller’s solicitor hands over the relevant stock transfer forms duly signed and the target company will hold a completion board meeting to, inter alia, approve the share transfers and effect the resignation and appointment of directors2. The target company ensures that the stock transfer forms are properly stamped, that the internal registers of the target company are updated, namely the shareholders’ register and the register of directors3, and that all the necessary

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial