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Ooregum Gold Mining Co of India v Roper : ウィキペディア英語版 | Ooregum Gold Mining Co of India v Roper
''Ooregum Gold Mining Co of India v Roper'' () AC 125 is an old and controversial UK company law case concerning shares. It concerns the rule that shares should not be issued "at a discount" on the price at which they were issued. The rule is codified in CA 2006 sections 552 and 580. ==Facts== The Ooregum Gold Mining Co of India issued 120,000 shares at £1 each. Shareholders said they wanted to sell on the shares for 5 shillings, (i.e. 25 new pence) one quarter of the value the shares were issued at, but that the buyers would be credited with a full £1 in the company. This would mean that shareholders would get a 15 shilling (75 new pence) discount. At the time of the litigation, the share price stood at £2 14s. The shareholders at the time of the purchase (who now wanted money to pay off a debenture) even though they had voted for the issue, then turned around to the buyers and argued that shares were prohibited from being issued at a discount, and that the transaction was void.
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