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Share for Share Exchange

Share for Share Exchange

Can anyone provide the mechanism to get round the need to form a new holding company with at least one share in issue before it can do a share for share exchange to acquire a trading company and still have the transaction qualify for stamp duty exemption with all shareholders holding the same proportion in Newco as they did in trading co?


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09th Jul 2012 13:58

Subscriber share

One way is to issue the subscriber share nil paid to one of the shareholders of Target and then pay in up at the same time as issuing more new shares to the shareholders of Target.

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