Discuss law prospective

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Discuss law prospective.

Phagoo Lalla owns 15,000 ordinary shares in Jump Up Limited which has an authorised share capital of 100,000 ordinary shares. Jump Up Limited was given notice at a special meeting of shareholders of common shares that Jump Up Limited intended to reorganize the company. A resolution was then passed approving the reorganization. Lalla is unhappy and would like to object to the reorganization. Further, he would like Jump Up Limited to re-purchase 10,000 of his shares pursuant to his dissent. Jump Up Limited has indicated its intention to seek to repurchase all 15,000 shares.

Please advise Jump Up Limited.

Reference no: EM132238114

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