Read the full judgment text of HCCL 18/2011 on BabelCite. This HCCL judgment was delivered on 28 February 2013.
1. The plaintiffs were the directors of the defendant (“ Company ”), a company incorporated in Bermuda, the shares of which are listed in Hong Kong. The plaintiffs held options under the Company’s share option scheme for its directors and employees (“ Scheme ”). On 24 March 2011, the plaintiffs served notice on the Company of the exercise of their options to subscribe for shares in the Company in accordance with the rules of the Scheme (“ Rules ”). They claim that the Company refused to allot
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