Shareholders

[Real Sharapova]

wicked cheers Duzza!


on a related note, if we were still a PLC and fans could buy the shares like before, is there an unlimited amount of shares you can buy?

We are still a Plc, although our shares are not traded on any stock exchange. I believe there at the moment is a ceiling on each individual's shareholding ( looks about 500,000 shares ). The board can decide who they want to issue shares to 'tho, so if you were deemed to be an unsuitable potential shareholder ( i.e. a newly released bank robber ) the could refuse your money and not issue you with any shares.

 

[Real Sharapova]

right if that was the case you could if you have the money directly buy more shares than the majority shareholder and take over the club?

No, as the club could refuse to sell you the shares - you would have to offer to buy out the existing shareholders, as Mandy has done.

 

[Scarby]

We are still a Plc, although our shares are not traded on any stock exchange. I believe there at the moment is a ceiling on each individual's shareholding ( looks about 500,000 shares ). The board can decide who they want to issue shares to 'tho, so if you were deemed to be an unsuitable potential shareholder ( i.e. a newly released bank robber ) the could refuse your money and not issue you with any shares.

so whoever is successful in buying the club say it was MM cant have more than 500,000 which is 7.8 %?

 

[Durham Fox]

so whoever is successful in buying the club say it was MM cant have more than 500,000 which is 7.8 %?

Again, incorrect, he is looking to take 100% (we assume)

 

[Melton Fox]

Again, incorrect, he is looking to take 100% (we assume)

51% at the very least. Pick the others off at random as and when the opportunity strikes. So long as he has the controlling share

 

[OldGit]

The rules are laid down for each company in its articles of association. I believe that in the case of LCFC there is a maximum holding by any one shareholder of 10% (not sure if it is of the issued or authorised shares though). The articles can be changed by an EGM, as I recall requiring a two thirds majority vote. That is what will have to happen if MM or anyone else wants to buy all or a majority of the issued shares, or for that matter buy sufficient newly issued shares to take control.

 

[Scarby]

We are still a Plc, although our shares are not traded on any stock exchange. I believe there at the moment is a ceiling on each individual's shareholding ( looks about 500,000 shares ). The board can decide who they want to issue shares to 'tho, so if you were deemed to be an unsuitable potential shareholder ( i.e. a newly released bank robber ) the could refuse your money and not issue you with any shares.

Again, incorrect, he is looking to take 100% (we assume)

 

[Durham Fox]

They will change those rules to allow MM in if they like the cut of his jib

 

[Scarby]

They will change those rules to allow MM in if they like the cut of his jib

got ya

cheers fellas

 

[Real Sharapova]

I can literally see the steam coming out of Scarby's ears as he tries to take in these posts.

 

[OldGit]

Perhaps we should have a new forum - capitalism for beginners in 6 easy lesons!

 

[From Gradel to Grave]

I can literally see the steam coming out of Scarby's ears as he tries to take in these posts.

Stalking, Shaz? :icon_lol:

 

[Durham Fox]

It was painful but by jove I think we've got there

 

[Scarby]

I can literally see the steam coming out of Scarby's ears as he tries to take in these posts.

ha ha

no i have just wondered about it, it wa brought up in a conversation at work yesterday morning and none of us really knew about it.

 

[Real Sharapova]

Stalking, Shaz? :icon_lol:

Duzza's territory, mate.

 

[Scarby]

It was painful but by jove I think we've got there

well im willing to answer your questions on ....er..........marine biology! (if i know the answers):icon_wink

 

[Jedi]

We are still a Plc, although our shares are not traded on any stock exchange. I believe there at the moment is a ceiling on each individual's shareholding ( looks about 500,000 shares ). The board can decide who they want to issue shares to 'tho, so if you were deemed to be an unsuitable potential shareholder ( i.e. a newly released bank robber ) the could refuse your money and not issue you with any shares.

We can't be a PLC if the shares aren't quoted on the Stock Market. Leicester City is a private Limited Company and the shares are unquoted which means the general public can't buy them via a stock broker.

 

[Boy Genius]

Here's the full list as of October 2005, ladies and gentlemen I give you:
Hammond Grange Ltd 500,000
Pukka Pies Ltd 500,000
Greg Clarke 413,000
Trevor Bennett 350,000
HW Coates Ltd 300,000
Jim McCahill 250,000
Michael Edwards 250,000
Kirby & West Ltd 250,000
Andrew Taylor 250,000
AM Widdowson & Son Ltd 250,000
Stephen Lee 200,000
James Johnson 175,000
David Ross 165,476
Foxes Trust 151,000
David Wilson 150,000
Peter Hockenhill 125,000
Alan Upton 120,000
Brian Maddison 110,000
Clive Sharp 100,000
Anthony Wheeler 100,000
Dominic SHorthouse 100,000
Donald Kendal 100,000
Gary Lineker 100,000
Jon Holmes 100,000
Nicholas Wilkinson 100,000
Timothy Days 100,000
Robert Craig 100,000
Roger Paltrey 85,000
Celia Mackay 75,000
Richard Mackay 75,000
Martin Pace 60,000
Roger Pace 60,000
Emile Heskey 50,000
Martin George 50,000
Karin Swann 50,000
Peter Swann 50,000
Peter Freer 50,000
Walter McRobie 50,000
Peter Lennon 35,000
Roger Moore 30,000
Anthony Lander 25,000
Alison Nettleton 25,000
Kenneth Bradstock 25,000
Vanda Craig 25,000
Thomas Bloor 25,000
Teacher's Pension Fund 1
Teresa Lander 25,000

RS shopuld that not be MARTIN PAGE and ROGER PAGE and not PACE?

 

[Real Sharapova]

We can't be a PLC if the shares aren't quoted on the Stock Market. Leicester City is a private Limited Company and the shares are unquoted which means the general public can't buy them via a stock broker.

We are a Plc - you do not have to be quoted on any stock exchange to be a Plc. If you still don't believe me, you can access the company's accounts and annual returns via the Companies House website if you wish ( as I have done ).

 

[Real Sharapova]

RS shopuld that not be MARTIN PAGE and ROGER PAGE and not PACE?

It is what is on the annual return - could be a typo by whoever completed the return.