RNS former director creates compnay to buy on the cheap22 May 2026 17:36
The Buyer is a connected party as a former director of the Company is also a director of the Buyer. Therefore, under the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 (the “Regulations”), a qualifying report from an independent evaluator has been obtained by the Buyer. This report states that the evaluator is satisfied that the consideration provided and the reasons for the transaction are reasonable in the circumstances.