Shareholders' Agreements · glossary

Fair Value

The price per share when shares must move and no buyer has named one. An independent valuer values the whole company, with no discount for a small holding and no premium for control, and divides by the number of shares. A value of £16,000,000 made each share worth £160. Definition: Fair Value · Schedule 4 · Chapter 8

Explained in Chapter 8, Exit, of Shareholders' Agreements.

Also explained in Venture Deals.

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

As defined in the training shareholders' agreement
the value of a Share determined under Schedule 4;
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