Introduction
1.This case concerns the Defendant, Mr Kennedy (D), and the company he founded in January 2010. In May of 2016, Mr Kennedy offered his resignation as CEO of the company; it is the company that is the Claimant (C) in these proceedings. C maintains that contemporaneous with D’s resignation, D and C reached an oral agreement on terms that D would, inter alia, resign as director and CEO, sell 224 shares to the Company for £360,000 to be cancelled, and gift certain shares to his co-founder and to a number of employees (the