Legal Agreement

[jaydah]

Can all directors sign separate agreements to relinquish shares for £1 ?

How would such an agreement be enforced.

[Count-A-Strong]

If you clarify the following you might (just might) get a reply:

1. How many directors
2. Shares held by each director
3. Situation which brings about the need to relinquish them for £1
4. Is the £1 per share or for the whole of their share holdings?

[jaydah]

1. 4 directors
2. 51% Chairman, 25%investor, 12.5% to 2 Executors
3. Embezzlement
4.Yes