I need some information on issuing additional shares in a shared freehold scheme.?

Background - I live in a conversion building of 50 flats. Currently 30 of the leaseholders own a share of the freehold and a number of other leaseholders have expressed an interest in purchasing a share. The freehold is effectively owned by a limited company that has been set up to manage the landlords interests and the leaseholders with shares own the share in this company. I have the following questions: 1. How do we value the shares. 2. Do we need a solicitor to ensure the process is legal. 3. Do we need to register the shares. 4. Who is entitled to any money raised from the sale of the shares. 5. Are there any restrictions on how the money from the sale is spent. I live in the UK

1 month ago - 1 answers