Today

[fcukcov]

£9 million and 70 to be exact!

only 4m up front though.

 

[Micky]

FULL DETAILS OF THE BID

thats easy reading!!

 

[OldGit]

FULL DETAILS OF THE BID

Interesting - he is putting in substantial equity investment from the outset rather than simply purchasing enough existing shares to gain the majority. I think that is very reassuring.

 

[Nottingham Fox]

a) if the Club is promoted to the Premier League at the end of any
of the 2007/2008 Season, the 2008/2009 Season or the 2009/2010 Season for the
next following Season (the 'First Premiership Season'), then the Investor will
pay an additional £0.40 per Ordinary Share to the Ordinary Shareholders on 15
August in the year that the Club is promoted to the Premier League;

(b) if the Club is promoted to the Premier League at the end of any
of the 2007/2008 Season, the 2008/2009 Season or the 2009/2010 Season for the
next following Season (the 'First Premiership Season') and the Club remains in
the Premier League for the Season immediately following the First Premiership
Season (the 'Second Premiership Season'), then the Investor will pay (in
addition to the amount specified in paragraph (a) above) an additional £0.50 per
Ordinary Share to the Ordinary Shareholders on 15 August in the year that the
Club commences its Second Premiership Season.

If neither of the conditions set out in paragraphs (a) and (b) above are met
then the Ordinary Shareholders will receive £0.10 per Ordinary Share at the time
of the exercise of the Call Option by the Investor.

 

[Yorkshire Vixen]

interesting stuff not that i really understand it

 

[fcukcov]

Did anyone see mm "hanging" TNBD with a scarf, a sign of things to come?

 

[Nottingham Fox]

Emile Williams Heskey

 

[Nottingham Fox]

94.4% backing

 

[Joe]

Did anyone see mm "hanging" TNBD with a scarf, a sign of things to come?

yea brilliant milan has realy been listning to the fans nice to see!

 

[Graz]

47p per share. As i have said before 10p my arse. with another 40p if promoted in next three years. 10p if we are not.


9m in total!

(a) if the Club is promoted to the Premier League at the end of any
of the 2007/2008 Season, the 2008/2009 Season or the 2009/2010 Season for the
next following Season (the 'First Premiership Season'), then the Investor will
pay an additional £0.40 per Ordinary Share to the Ordinary Shareholders on 15
August in the year that the Club is promoted to the Premier League;

(b) if the Club is promoted to the Premier League at the end of any
of the 2007/2008 Season, the 2008/2009 Season or the 2009/2010 Season for the
next following Season (the 'First Premiership Season') and the Club remains in
the Premier League for the Season immediately following the First Premiership
Season (the 'Second Premiership Season'), then the Investor will pay (in
addition to the amount specified in paragraph (a) above) an additional £0.50 per
Ordinary Share to the Ordinary Shareholders on 15 August in the year that the
Club commences its Second Premiership Season.

If neither of the conditions set out in paragraphs (a) and (b) above are met
then the Ordinary Shareholders will receive £0.10 per Ordinary Share at the time
of the exercise of the Call Option by the Investor.

-------------------

and


Accordingly, the Directors
unanimously recommend that Shareholders vote in favour of the Resolutions as
they themselves have undertaken to do in respect of their own beneficial
holdings which amount, in aggregate, to 6,024,476 Ordinary Shares, representing
approximately 94.44 per cent. of the Existing Ordinary Shares.

---------------------




Too confusing for me, too much legal jargon, but that's what I picked out as how much they'll get, and how much MM now owns






Also from there:

Jim McCahill, Chairman of LCFC, said:





'In 2003 the Club regained its status as a Premier League team but unfortunately
was relegated to the Championship the following season where it has remained.
Over the past several years the Club has invested in its infrastructure as
evidenced by a stadium of Premier League standard and extensive training,
medical and youth academy facilities.

The Board has considered the position of the Company and has concluded that a
significant injection of funds is required to take it forward and secure its
future with the express aim of a swift return to the Premier League.

The Board has for some time been actively exploring opportunities to attract
investment into the Club. The Board has investigated rights issues, met with
potential new investors and explored the benefits of a major investor. Through
the proposals that Milan Mandaric has submitted, the Investor will inject a
minimum of £9 million over an initial 15 month period; a significant investment
and one that should be considered against the background of the £2.2m raised
from new investors and rights issues in the near 4 years since the Club emerged
from administration and the absence of any other concrete proposals to take the
Club forward. The Board considers that because there are no other reasonably
practicable proposals available to the Club, and recognising that many Ordinary
Shareholders are likely to have subscribed for Ordinary Shares to support the
Club rather than investing for or in the expectation of financial gain, the
Proposals are in the interests of both the Club and Shareholders.

Shareholders will be aware that three directors, James Johnson, Andrew Taylor
and Greg Clarke, have recently resigned from the Board because they felt unable
to recommend the Proposals. However, they wish the Club well and have no
intention of acting contrary to the best interests of the Club. The Board again
wishes to place on record its appreciation of the enormous contribution made to
the Club by James, Andrew and Greg both as loyal and passionate supporters and
also during their time as directors.

The Board believes that, with Milan Mandaric's backing, Leicester City Football
Club will again be able to challenge for promotion to the Premier League.'

This summary should be read in conjunction with the full text of the following
announcement and the Appendices.

 

[Scarby]

Emile Williams Heskey

i thought it was Ivanhoe

 

[Scarby]

i thought it was Ivanhoe

http://en.wikipedia.org/wiki/Emile_Heskey

look at his name on there:icon_lol::icon_lol:

Emile William Rufus Baw Simba Hugo Wilberforce Ivanhoe Heskey (born 11 January 1978 in Evington, Leicester, to an Antiguan father and Barbudan mother) is an English professional footballer currently playing for Wigan Athletic, he is a former England international. He is a powerful centre forward who can also play as a strong running left winger - though this position often wasted his talents when he was forced to play there for England under Sven-Göran Eriksson.

 

[Ox Fox]

Looks like gigs are finally coming to the Walkers!

The members of the Concert Party are deemed to be acting in concert for the purpose of the Takeover Code.

:icon_wink

 

[Ox Fox]

Can anyone please explain what is happening to The Teachers Pension Fund 'golden share' as there doesn't seem to be mention of it in that document, or did I miss something?

 

[Lako42]

ssn just at the walkers, hundreds of fans down there, people have made him sign all sorts, kiss babies heads, its crazy. on my way down now.

this is amazing

 

[Graz]

Ooooh, this will please people!


"All Directors have agreed to step down immediately upon Completion save for
Malcolm Stewart-Smith, who will remain as a Non-Executive Director and
representative of T-C Sports, and Tony Lander. Milan Mandaric will assume the
position of Executive Chairman. Whilst Tim Davies will resign as a Director, he
will continue his role as Chief Executive Officer of the Company. The Investor
may exercise its right under the New Articles to appoint a majority of the board
of Directors as it deems appropriate for the successful running of the Company."



TD stays, in a non-exec role.

 

[highland fox]

Looks like gigs are finally coming to the Walkers!



:icon_wink

Any White Cod Reggea lined up?

 

[homer]

The members of the Concert Party are deemed to be acting in concert for the purpose of the Takeover Code.

"Meet the gang 'cos the boys are here, the boys to entertain you....."

 

[Ox Fox]

Any White Cod Reggea lined up?

Thanks for that Mavis fecking Beacon :icon_roll

 

[Real Sharapova]

Can anyone please explain what is happening to The Teachers Pension Fund 'golden share' as there doesn't seem to be mention of it in that document, or did I miss something?

They didn't hold a " golden share ", they held one share to ensure proper information flows, etc. It was held in the name of T-C Sports Co.Inc. and has been sold to MM.