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John holds shares in Derwent Ltd and wishes to retire and dispose of his shareholding for cash. Dick and Harry are the other two shareholders

John holds shares in Derwent Ltd and wishes to retire and dispose of his shareholding for cash. Dick and Harry are the other two shareholders but they

cannot afford to pay for the shares. John is thinking of selling his shares to his brother and Dick and Harry do not want this.

Explain to Dick and Harry how the company might purchase John's shares and outline the procedure to them.

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