kasper is a shareholder in richtime ltd company that operates a famous hotel chain among other related businesses. In order to expand their business to computer hardware, the company wishes to issue new shares. Kasper has invited his brother in law vibor to invest in the company. Company wishes to issue new shares. Kasper has invited his brother in law VIbor to invest in the company. Vibor is not familiar with investment in companies.

In your explanation you must refer to all relevant statutory provisions and case law. Vibor seeks your advice on the following:

1.What is a share and the legal nature of a share?

2. Different classes of shares the company can issue highlighting the differences between them.

3. Types of debt financing available to a company and their characteristics.

4. Disclosure documents necessary when issuing shares both in primary markets and secondary market.