Estate Settlement of Substantial Sharholding in a listed company

Peter took over his father’s family business in the 1960s. Over the years, the business has thrived, and today, it is a listed company worth $10B in market capitalisation. Peter, who is in his 80s, personally still holds 10% of the shares. This is a classic example of an individual holding substantial share in a company. If Peter dies, the treatment of the shares needs special attention.

In order to settle an estate appropriately, we need to understand the legal rights of a shareholder.
(1) The share entitles the shareholder of dividends when the business is profitable;
(2) the share entitles the shareholder to right issues declared by the company;
(3) the share entitles the shareholder to vote on the company’s direction during AGM (Annual General Meeting) or EGM (Emergency General Meeting);
(4) the share also gives the right for shareholders to scrutinise the minutes of AGM or EMG;
(5) the share also entitles the shareholder to accept or reject company buy-out proposals.