The owners of the Irish Stock Exchange (ISE) signed a confidential deal in September 2011 to demutualise the exchange, a move that would have led to a €26 million cash payout to its member brokers.
New court documents claim that the seven members of the exchange formally signed "non-binding heads of terms" in September 2011. The agreement involved transferring the business of the exchange to a new company limited by shares and distributing €26 million in...
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