CR-2022-003280 - [2024] EWHC 1610 (Ch)

Mr Aristodemou transferred to Mr Chambi two shares in the Company on 14 November 2013, since when he has been entitled to registration in their respect.

The 14 November 2013 allotment of two shares in the Company was invalid.

The Company’s register ought to be reconstituted by showing the original shareholders as Mr Aristodemou and Mr Ofori-Koree with one £1 share each; and from 7 December 2010 as the holders of two £1 shares each; with Mr Ofori-Koree transferring his shares to Mr Aristodemou on a date which as a matter of expediency may be treated as 11 October 2011 (although more accurately, and if preferred, on a date unknown between 24 October and 11 December 2011); and with Mr Aristodemou transferring two of his shares to Mr Chambi on 14 November 2013.

Neither laches nor unclean hands bar such relief.

Mr Chambi therefore has locus to present and pursue the Petition.