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! :) :)

Re: Today's meeting of Shareholders
 

That was how i read it n extra £200K of shares, but then i aint a dingle.:D

Re: Today's meeting of Shareholders
 

Don't matter if it's an extra 100k or 200k the outcome is still the same :p

Re: Today's meeting of Shareholders
 

Oh ****** shafted again. :mad:

Re: Today's meeting of Shareholders
 

if an additional 200k is being issued then the original 100k becomes only as third of the total percentage. ie the current 51% shareholder would only be worth 17%.

The original idea touted by ASSF was that no one shareholder should hold more than 20-25% in order to do away with any potential 'dictatorships'.

So if The Don wants to be worth the same as any 'new' large shareholder he will have to put more money in and buy another 3% (based on 20% max) or £6000.

It is a good move, but personally I would have like to have seen it be a lot more money. It's only a nominal amount and it is up to an individual whether they think it is worthwhile or not so it wouldn't matter if it was 200k or 200m. I'd like to have seen £1m worth become available. It is something you could add to every time you have a spare hundred quid or so and it wouldn't matter if the issue was not fully subscribed first time out. With only 200k available I can see it selling out reasonably quickly and then we would be back to where we are now albeit with some extra debt paid off.

I would hope that once the deal is agreed and rolled out that there is enough time allowed before subscription so that people can save up a bit, and allow many more of the fans to get involved.

Re: Today's meeting of Shareholders
 

I would say, start saving now Macca!!! ;) ;) :)

Re: Today's meeting of Shareholders
 

It was also muted by somebody, cannot remember who, that the board/club, will get the list of shareholders up to date, so that in future, all shareholders can be contacted regularly, plus also kept up to date with events!!! :) :)

I also seem to recall that the board stated that there will be a full blown meeting, sometime towards the end of March.

Re: Today's meeting of Shareholders
 

I just wonder if its because Ilyas will get a larger stake in the club for his donations (which seems fair enough to me) i.e. he will buy shares when he helps the club out rather than a loan or donation.

Re: Today's meeting of Shareholders
 

Whilst i agree aint a bad thing if so, don't imagine thats the case. just my view.:)

Re: Today's meeting of Shareholders
 

It was my understanding that Ilyas did not have any stake in the club??? :confused: :)

Re: Today's meeting of Shareholders
 

Ilyas no longer has any shares in ASFC, He donated them to the fans via ASSF a couple of months ago now...............its on here somewhere! Both Ilyas and Peter (Marsden) stated that the monies they had put in re HMRC were NOT loans and they did not invisage ever seeing that money back......a gift in other words. Again this is only my understanding of it, and I stand to be corrected if wrong. If you have any worries/questions I'm sure that if you pm Ilyas he will explain in much better detail than I :)

Re: Today's meeting of Shareholders
 

Don't have any worries and I see it as commone sense and for the benefit of the club to be honest.

Re: Today's meeting of Shareholders
 

:confused:Since when did David O'Neil become majority share holder????Ithought Eric Whalley was still majority share with 51% or has this issue been resolved:)if this is the case then Mr O'Neil now owns Accrington Stanley,but no mention of this has been offically announces by the club!!!

Re: Today's meeting of Shareholders
 

But is he loweiy?:confused: if he now is, perhaps it would be wise to inform folk?;)

Re: Today's meeting of Shareholders
 

Both Martin Edmundson and Dan Warburton,where told of my address change re the few shares I have,around season ticket collection time,yet the title of this topic has taken me a little by surpise,this morning,as it is the first I have heard????

Re: Today's meeting of Shareholders
 

Dont panic too much :) the meetinfg was called at very short notice and was an informal get together of shareholders, as far as I am aware it was an invitation from our new Chairman to sit down and disscuss recent goings on at the club and no fprmal invtes to attend were sent out, it was all done via accyweb. However, that said, you can rest assured that a FULL shareholders meeting will be forthcoming around the end of March this year after the accounts have been done/sent off. This was said by both Ilyas and Rob on Saturday...............so it WILL happen!!

Hope this helps a little Fourth Official ?

Re: Today's meeting of Shareholders
 

Thanks for that UKCowboy

Re: Today's meeting of Shareholders
 

I presume that the accounts referred to are for the year ended 31st May 2009 which have to be lodged at Companies House no later than 28th February 2010. I would, therefore, expect that the accounts will have been done by now if they have to be lodged in February, so why wait until the end of March ?

Re: Today's meeting of Shareholders
 

Short answer Jeff..............Ive no idea!! Best checking with Ilyas or Rob buddy!

Are we therefore now shut of the cardboard millionaire?

Re: Today's meeting of Shareholders
 

Please, someone, confirm this so I can finally take off the incontinence pads.

Re: Today's meeting of Shareholders
 

The cardboard millionaire was in the office at the Club yesterday (Monday)

Ilyas has said that EW shares have now been transferred to DON so what was he doing at the Club yesterday. EW shares have not been transferred according to Companies House, and according to the lates list of shareholders lodged, Peter Marsden does not now have any shares.

Re: Today's meeting of Shareholders
 

can we still not get him out the club...... would be good to see him gone 4 good ... unless he pays is money at the ops gate. and not in washer....

Re: Today's meeting of Shareholders
 

Ilyas says he has gone and the Don is major shareholder...

End of this story

We messed up: Reds directors - Accrington Stanley FC - Football - Sport - Accrington Observer

Re: Today's meeting of Shareholders
 

thanks fer link simon,from being very happy,i'm now delerious.:theband::hothothot:alright::worthy::wav e8:

Re: Today's meeting of Shareholders
 

i'll agree with that cashie:D

Re: Today's meeting of Shareholders
 

Fair write up as to what was said at the meeting, which makes a change! :)

Re: Today's meeting of Shareholders
 

EW is still registered at Companies House as the major shareholder so by law he still owns the shares.

End of this story

Re: Today's meeting of Shareholders
 

Yes 51% of nothing = nothing so what he owns is worthless.:eek:

Re: Today's meeting of Shareholders
 

llyas did say in the interview that Davids shares need to be registered at Companies House

im happy enough with llyas word he has seen the the evidence

taken from the interview

DAVE O’Neill IS the majority shareholder at Accrington Stanley.

The Managing Director said at the impromptu shareholders meeting on Saturday, that he now has the certificates for the 51 per cent shares he bought off former chairman Eric Whalley and he has paid the original money asked to conclude the deal

"I have seen the evidence and I believe Dave is the owner of the majority shares," said non-executive chairman Ilyas Khan.

"I have done everything that has been asked, got the certificates and, as far as I am concerned, the takeover is complete," said O’Neill.

The next step is to register O’Neill as the official owner at Customs House.

Re: Today's meeting of Shareholders
 

I do hope this is true, and that the shares are printed on something other than recycled cardboard.

Re: Today's meeting of Shareholders
 

llyas is fooled easily im sure he will know what he is looking at

Re: Today's meeting of Shareholders
 

Think you meant ' Ilyas is NOT fooled easily' Katei? :o

Re: Today's meeting of Shareholders
 

On one hand good news if the long running saga is finally over, but after everything that has happened is it a good thing to have a majority shareholder or are there contingencies in place?

Re: Today's meeting of Shareholders
 

the contingency in place is that shareholders have given approval for 200k of new shares! it's earlier in the thread Google Page Ranking

basically that would reduce The Don from 51% to 17%, unless he ups his investment

Re: Today's meeting of Shareholders
 

Thanks Macca that's reassuring:)

Re: Today's meeting of Shareholders
 

oh my lord cant beileve i didnt spot that:eek:

!so sorry llyas

(thats what you get for trying to do posts and sort a 2yr old out at same time)