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| Cumbrian Newspapers Group Ltd v Cumberland & Westmoreland Herald Ltd ： ウィキペディア英語版 |
Cumbrian Newspapers Group Ltd v Cumberland & Westmoreland Herald Ltd
''Cumbrian Newspapers Group Ltd v Cumberland & Westmorland Herald Newspaper & Printing Co Ltd'' () BCLC 286 is a UK company law case concerning variation of the class rights attached to shares.
==Facts==
CNG published the Penrith Observer with a 5500 weekly circulation. The chairman Sir John Burgess (as he later became) also had 10.67% of the shares in CWHNP since 1968. Under the constitution CNG had negotiated special rights which it had bargained for in return for closing down a competing paper, the Cumberland Herald, when it had joined, and for acting as CWHNP’s advertising agent. It had the right to preferences on unissued shares (article 5) to not be subject to have a transfer of shares to it refused by the directors (article 7) pre emption rights (article 9) and the right to appoint a director if shareholding remained above 10% (article 12). The CWHNP directors wanted to cancel CNG’s special rights. CNG argued they were class rights that could only be varied with its consent.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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