Shareholders' Agreements · glossary

Permitted Transfer

A move of all an owner's shares to a wholly-owned company in its own group. It is allowed at any time, even during the lock-in, and the new holder signs a Deed of Adherence. If that company is about to leave the group, it must first transfer the shares back. Clause 12.1 · Clause 12.2 · Chapter 7

Explained in Chapter 7, Transfers, of Shareholders' Agreements.

Also explained in Venture Deals.

How it comes up, in Chapter 7
This is a Permitted Transfer. It is allowed at any time, even during the lock-in, and needs no Transfer Notice. The new holder still signs the deed.
Read Chapter 7, Transfers →

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Where this term lives

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