Stavros, Tina and Myria are equal shareholders in STM Ltd, together holding 60% of the share capital of STM Ltd. STM Ltd is a private limited liability company, which adopts Table A as its articles of association. Tina decides to transfer her shareholding in STM Ltd to her friend Tom, but Stavros disagrees. Stavros would like STM Ltd to issue shares at a premium, and to use the premium for writing off the company’s preliminary expenses.Required:Advise Stavros. (10 marks)
