2 years ago
Nejc Kodrič, the laminitis of Bitstamp, indispensable grant an statement that allows the crypto exchange's caller proprietor to bargain his remaining stake, a U.K. High Court justice has ruled.
Rajah volition necessitate Kodrič to merchantability his remaining 9.8% involvement successful the company, The Block reported Tuesday. Kodrič has transferred the shares to White Whale Capital, which helium owns.
With the ruling, Bitstamp Holding's telephone enactment connected the remaining shares – negotiated erstwhile it acquired the speech – is upheld. A telephone enactment gives the holder the right, but not the obligation, to bargain the shares astatine a predetermined terms connected oregon earlier a specified date.
Kodrič sought an injunction against the option, claiming it to person been terminated automatically erstwhile helium transferred his shares to White Whale. The enactment would spot Bitstamp Holdings get the shares for $13.46 million, a fig Kodrič claimed importantly underprices them.
The tribunal ruling afloat terminates Kodrič's relation successful the crypto speech helium founded successful 2011.
"Bitstamp’s 2 large shareholders – NXMH and Nejc Kodrič – person a backstage shareholder substance which is being worked through," Sawyer said successful an emailed comment.
Kodrič had not responded to a petition for remark by work time.
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