Today's meeting of Shareholders
 

Re: Today's meeting of Shareholders
 

excuse my ignorance but what does that mean?

Re: Today's meeting of Shareholders
 

I think it means that at the moment there is £100K worth of shares, this being recommended at a Shareholders meeting, means that the Directors can issue more shares, to the value of £200K. This will give the chance to anyone who wants to, to have a little - or whatever! - bit of Stanley!!

If I am wrong, somebody please put me right!!! :o :)

Re: Today's meeting of Shareholders
 

Can only be good for the club - let's all have a bit! :D

Re: Today's meeting of Shareholders
 

I agree, wholeheartedly! ;) :)

Re: Today's meeting of Shareholders
 

being a total numpty in share matters,:confused: i can only assume Share Capital means n increase of the actual available shares? if so it leads me to ask what Type of shares? Class A/ Class B? as from what little i understand their is a differance in voting rights with these shares? would be interested to know the answers, if i am interpreting it wrong, get knotted ya silly owd get does not offend me.:D;)

Re: Today's meeting of Shareholders
 

From my understanding of being at yesterdays meeting, all the shareholders have done is basicaly given the current board of directors a MANDATE to issue new shares in ASFC upto £200,000 in value. Whether they are to be A shares or B shares was NOT discussed, neither is it 'set in stone' that it will happen, it was purely a technical issue giving the board the option to do so at a later date if they should decide to. So I think we all have plenty of time to start putting a couple of quid away each week/month to buy shares if and when the board decide it wants to go down that route.

I must point out that this is what I understand to be the current state of affairs, no doubt if Im wrong someone will put us all right.

:):)

Re: Today's meeting of Shareholders
 

cheers fer that uk, personally would like it to happen.;)

Re: Today's meeting of Shareholders
 

was the 'majority' shareholder present? if not does it not matter? The meeting was very short notice so maybe not everyone could be there to vote.

Good news though by the way!

Re: Today's meeting of Shareholders
 

the majority share holder is David O'Neil and yes he was there.

Re: Today's meeting of Shareholders
 

Spot on ukcowboy, and the percentage of overall shares held by those present was more than enough to authorise the mandate.

For clarification the present 'A' and 'B' shares hold equal voting rights as stated in the ASFC's Mem and Arts. (legal stuff!)

Re: Today's meeting of Shareholders
 

ta sherry, the shares A,B, can go either way regarding voting rights, so i'm led to believe, :) so clarification about the present shares is worth knowing.;)

Re: Today's meeting of Shareholders
 

If there is currently 100k worth of shares and 51% of those shares are owned by one person, does it not mean that somebody can buy the other 100k worth and become the major shareholder ?

Re: Today's meeting of Shareholders
 

A very interesting point there. Can someone in the know clarify it please.

Re: Today's meeting of Shareholders
 

Not sure LD, but, on re-reading my post, I think it has come across incorrectly! :o The current is £100K, the meeting yesterday means that an ADDITIONAL £200K can be issued! Sorry if I put it across wrongly!! :o But, sorry I cannot answer that question, but I am sure that it will be clarified soon! :) :)