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Mosely v Koffyfontein Mines Ltd
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Mosely v Koffyfontein Mines Ltd : ウィキペディア英語版
Mosely v Koffyfontein Mines Ltd

''Mosely v Koffyfontein Mines Ltd'' () 2 Ch 108 is a UK company law case concerning shares. It held that if debentures are convertible into shares, they may not be issued at a price below the nominal share price.
==Facts==
Debentures, convertible into shares, were issued at a price 20 per cent below the nominal share price. Shares were trading at 4 shillings. Although debentures can be issued at a ‘discount’, it was argued that their convertibility meant that this contravened the rule against shares being issued at a discount, now found in CA 2006 section 580.

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