Emily Green holds 20% of the ordinary shares in Shannon Enterprises Ltd ('SEL'), a fashion retailer.(SEL does not have a constitution.) The board of directors have ambitious plans to expand SEL, and propose buying Liffey Holdings Ltd ('LHL'), a chain of retailers in liquidation. SEL and LHL have roughly the same asset value, and so SEL would need to borrow an amount of around 75% of the value of its current assets. Emily believes the deal would be too risky but all other SEL shareholders support the acquisition of LHL.

Required

Explain to Emily her shareholder rights regarding the proposed transaction.