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Company Law Reform Bill [HL]

My name is added to this amendment and I agree with what the noble Lord, Lord Sharman, has said. The practical implications can be quite significant for a shareholder. For example, the opportunity to roll over into a form of consideration which will enable the deferral of capital gains tax can be a significant issue for a vendor shareholder. Therefore, squeezing out shareholders unfairly in a cash bid or whatever cannot be right—they should be offered the same proportions as anyone else to whom the bid is made. I very much support the amendment.