Share Sales and Purchases

The process of buying and selling Shares, regardless of the company’s size, can be complicated and time consuming. At Rotheras, we understand that our clients usually want to ensure that the process is simplified as far as possible and concluded in a timely manner.

Our corporate team appreciate the importance of putting the transaction in simple terms, so that you can understand what is going on. Our corporate team is also mindful of adopting a proactive approach to your transaction, ensuring a prompt conclusion.

Why use Rotheras for Share Sales and Purchases?

We advise both buyers and sellers on all legal aspects of share sales and purchases.

We can help guide you through the due diligence process by making enquiries to gather information about the company (when acting for the buyer) or collating documents for disclosure (when acting for the seller).

We will work with you and listen to your individual needs to provide you with tailored advice and help you negotiate and structure the right deal for you.

We work efficiently and thoroughly.

We will keep you updated as to the progress of your transaction.

We will liaise with your professional advisers to ensure that the documentation is drafted clearly, fully and accurately.

The process of Buying or Selling Shares with Rotheras:

• The parties involved will often negotiate the basic terms of the deal which is sometimes set out in writing using “Heads of Agreement”;
• We will work with you to consider and plan for the future and carry out enquiries and searches where applicable;
• The seller will often require a non-disclosure agreement/confidentiality undertaking;
• The buyer will carry out Due Diligence to obtain various information relating to the company being purchased; if we are acting for the buyer we can help to prepare a detailed list of questions to send to the seller’s solicitor and keep a detailed record of the answers and documents received;
• The buyer’s solicitor will usually prepare a draft of the Share Purchase Agreement which will be forwarded to the seller’s solicitor for their review, which may undergo several revisions  as the negotiation progresses;
• A Disclosure Letter is drafted by the seller and negotiated between the seller and the buyer. This aims to bring any potential problems to the buyer’s attention by stating any matters that the seller knows of.

“We strive to make every matter as stress free as possible”

Billy Shaw
Solicitor