Shareholders

[harry]

According to a recent Mercury article the major shareholders are:

Pukka Pies 500,000 (7.8%)
Hammond Grange 500,000 (7.8%)
Greg Clarke 413,000 (6.5%)
Trevor Bennett 350,000 (5.5%)
HW Coates Ltd 300,000 (4.7%)
Michael J Edwards 250,000 (4%)
Andrew Taylor 250,000 (4%)
Kirby & West 250,000 (4%)
James C McCahill 250,000 (4%)
AM Widdowson 250,000 (4%)
Stephen JS Lee 200,000 (3.1%)
James Johnson 175,000 (2.7%)
David PJ Ross 165,476 (2.6%)
Foxes Trust 151,000 (2.4%)
David Wilson 150,000 (2.3%)

The leading 15 shareholders have 65.8% between them. Another 32 smaller investors with 100,000 shares or less make up the rest.

The total is about 6.379,477

I don’t know how current this info is or how many shareholders bought more shares when they got wind of the takeover…….. but can the leading 15 be convinced to sell if the deal is right. Will they instead prefer to sit on their hands and continue to enjoy the freebies that come with the shares?

Some of these may even have business dealings with the club that could disappear if there were a new administration.

If any of you know of or work for the above it’s time to get involved.

 

[Durham Fox]

I'd say your main stumbling blocks are Greg Clarke and Trevor Bennett

 

[drummindefender]

I'd say your main stumbling blocks are Greg Clarke and Trevor Bennett

howcome?

 

[Durham Fox]

Although tbh its worth noting that the club have been seeking investment so they are at least looking for a deal.

 

[Foxes_Trust]

According to a recent Mercury article the major shareholders are:

Pukka Pies 500,000 (7.8%)
Hammond Grange 500,000 (7.8%)
Greg Clarke 413,000 (6.5%)
Trevor Bennett 350,000 (5.5%)
HW Coates Ltd 300,000 (4.7%)
Michael J Edwards 250,000 (4%)
Andrew Taylor 250,000 (4%)
Kirby & West 250,000 (4%)
James C McCahill 250,000 (4%)
AM Widdowson 250,000 (4%)
Stephen JS Lee 200,000 (3.1%)
James Johnson 175,000 (2.7%)
David PJ Ross 165,476 (2.6%)
Foxes Trust 151,000 (2.4%)
David Wilson 150,000 (2.3%)

The leading 15 shareholders have 65.8% between them. Another 32 smaller investors with 100,000 shares or less make up the rest.

The total is about 6.379,477

I don’t know how current this info is or how many shareholders bought more shares when they got wind of the takeover…….. but can the leading 15 be convinced to sell if the deal is right. Will they instead prefer to sit on their hands and continue to enjoy the freebies that come with the shares?

Some of these may even have business dealings with the club that could disappear if there were a new administration.

If any of you know of or work for the above it’s time to get involved.

We believe it's still current, but there was a story that reached us about one shareholder having invested more, but haven't checked this with the club as yet

 

[Foxes_Trust]

I'd say your main stumbling blocks are Greg Clarke and Trevor Bennett

Don't understand why you have identified those 2 in particular, we have no reason to believe this.

 

[Boy Genius]

We believe it's still current, but there was a story that reached us about one shareholder having invested more, but haven't checked this with the club as yet

There is one who recently upped his shareholding, thats about the first time you have said anything with truth in it

 

[Jedi]

Will they instead prefer to sit on their hands and continue to enjoy the freebies that come with the shares?

What do you mean by "freebies"?

 

[Country Fox]

so if the midland company supposedly interested in us is walkers we could go from having a pie company as our biggest shareholder to having a crisp company as the biggest shareholder. leicester city, the club with a big heart and a bigger belly.

 

[OldGit]

I hope there would be a healthy option as a minority partner.

 

[Durham Fox]

Don't understand why you have identified those 2 in particular, we have no reason to believe this.

Just to see what you would say :icon_wink

 

[Robsdee]

If a sale goes through would the FT like to tell me where the money they will receive will be going? Returned to the fans who invested in the FT? Yeah I bet..........NOT

 

[homer]

If a sale goes through would the FT like to tell me where the money they will receive will be going? Returned to the fans who invested in the FT? Yeah I bet..........NOT

If they decide to call it quits it's embedded in their constitution, actually:

"If on the winding up or dissolution of the Society there remains, after the satisfaction of all its debts and liabilities any property whatsoever the same is to be transferred to:

a. a sporting charity or sporting charities operating in the Area; and/or
b. one or more societies established for the benefit of the community operating in the Area; and/or
c. one or more societies established for the benefit of the community
​

in each case as determined by the members at a meeting called to decide the issue. Nothing belonging to the Society shall be transferred to any other society unless that society has in its rules a rule substantially in the terms of this Rule."

That assumes that they will give up - which I suspect they won't. They should continue as a proper fans pressure group (rather than being part of the club, as they are now). I suspect that any excess funds would still go the way of a), b) or c) above

And that is a very respectable use of the money IMO

 

[drew]

The money should be put into a trust fund with the members voting once a year to nominate an academy member(s) for sponsorship.

I say 'should', its what i would do.

 

[cleefox]

The money should be put into a trust fund with the members voting once a year to nominate an academy member(s) for sponsorship.

I say 'should', its what i would do.

Thats a good idea.

I would like to think any money would go towards helping the Academy, it would get my vote as a Trust member.

 

[drew]

Its surprisingly easy to set up and the tax man can't get his greedy hands on it either. Any profit on the shares are liable to capital gains tax at 40% as well

My mother is setting one up for my sister right now, its very easy.

 

[OldGit]

Its surprisingly easy to set up and the tax man can't get his greedy hands on it either. Any profit on the shares are liable to capital gains tax at 40% as well

My mother is setting one up for my sister right now, its very easy.

That assumes there is any chargeable gain, which is most unlikely I would have thought

 

[drew]

We don't know the basis of the bid. However as you say it is likely to be a pound per share.

 

[Melton Fox]

The shareholders know what each one of them will do, there is no more thinking time. This has been spoken about ever since they took over.
They know what they will and won't accept, this is all just bollox to "play the game". Any further meetings will surely be a formality and simply going through the motions.

When going into business like this, everybody has a get out plan. It's when is best to execute it

 

[bocadillo]

We don't know the basis of the bid. However as you say it is likely to be a pound per share.

Why is it likely to be £1 per share? Are the shares worth £1 each?