Special General Meeting
#2
Posted 06 October 2023 - 11:51 AM
#3
Posted 06 October 2023 - 11:55 AM
#4
Posted 06 October 2023 - 12:02 PM
metallilad, on 06 October 2023 - 11:55 AM, said:
It said further details will be released shorty - why are you so negative about what on the face of it looks good news?
#5
Posted 06 October 2023 - 12:17 PM
azul, on 06 October 2023 - 12:02 PM, said:
He's always negative when it comes to spending money...
#6
Posted 06 October 2023 - 12:21 PM
azul, on 06 October 2023 - 12:02 PM, said:
Negative? I've asked a question? No negativity, just enquiring. Why are you trying to turn it into something it isn't?
#7
Posted 06 October 2023 - 12:35 PM
metallilad, on 06 October 2023 - 11:55 AM, said:
Company Law. All shareholders have to be notified, invited to attend, and they will be able to vote. Of course though, we minor shareholders will have no influence on the outcome, by virtue our small percentage holding.
What will be interesting is by how much it will dilute the Trust’s shareholding and increase the Kirks’.
#11
Posted 06 October 2023 - 02:17 PM
60s 70s Spireite, on 06 October 2023 - 12:35 PM, said:
What will be interesting is by how much it will dilute the Trust’s shareholding and increase the Kirks’.
It will also be interesting to hear if this is to assist with capital expenditure or to cover trading losses.
#12
Posted 06 October 2023 - 04:01 PM
Blue5, on 06 October 2023 - 02:17 PM, said:
I suppose many folk have seen the flyer but for those that haven't.......
The latest episode of ‘We Are Sailing’ will air on 1866 Sport tonight at 7pm - covering a range of club topics.
Nick Johnson is joined by Ashley Kirk and John Croot.
#13
Posted 06 October 2023 - 05:05 PM
60s 70s Spireite, on 06 October 2023 - 12:35 PM, said:
What will be interesting is by how much it will dilute the Trust’s shareholding and increase the Kirks’.
#14
Posted 06 October 2023 - 05:07 PM
Blue5, on 06 October 2023 - 02:17 PM, said:
The cash exchange is between Ash Kirk and the Trust, not the Club.
#15
Posted 06 October 2023 - 05:47 PM
DerbySpireite59, on 06 October 2023 - 05:05 PM, said:
I read that statement as Phil transferring some of his shares to Ash.
DerbySpireite59, on 06 October 2023 - 05:07 PM, said:
Is this what the official notice of the meeting says?
#16
Posted 06 October 2023 - 06:53 PM
dim view, on 06 October 2023 - 04:01 PM, said:
The latest episode of ‘We Are Sailing’ will air on 1866 Sport tonight at 7pm - covering a range of club topics.
Nick Johnson is joined by Ashley Kirk and John Croot.
Bump
Well, superb podcast but nowt about any SGM.
#17
Posted 06 October 2023 - 06:54 PM
https://chesterfield...general-meeting
New 1.6M investment by Phil and Ashley
£980k of this will be allocated to new A shares
After the share issue, the Trust will own around 55% of the ordinary shares in the club. Phil & Ashley will own around 40% and other supporters just under 5%.
Just over £620,000 of the investment will be for non-voting preference shares held by Phil which will accrue interest at 5%. These shares are redeemable (can be repaid) if the board wish
Funds to go to repaying sums due on external loans and funding current years losses,
“The club is currently undergoing a reorganisation and is working hard to match cash income to outgoings. Rationalising and rebuilding any squad costs money and the club has worked hard to attract the calibre of player that should help us achieve the goal of promotion. In addition, significant cash has been spent on players who are not part of our plans and have permanently left the club. Fortunately this will reduce the long-term cost but does result in a short-term cash drain”
#18
Posted 06 October 2023 - 07:06 PM
60s 70s Spireite, on 06 October 2023 - 06:54 PM, said:
https://chesterfield...general-meeting
New 1.6M investment by Phil and Ashley
£980k of this will be allocated to new A shares
After the share issue, the Trust will own around 55% of the ordinary shares in the club. Phil & Ashley will own around 40% and other supporters just under 5%.
Just over £620,000 of the investment will be for non-voting preference shares held by Phil which will accrue interest at 5%. These shares are redeemable (can be repaid) if the board wish
Funds to go to repaying sums due on external loans and funding current years losses,
“The club is currently undergoing a reorganisation and is working hard to match cash income to outgoings. Rationalising and rebuilding any squad costs money and the club has worked hard to attract the calibre of player that should help us achieve the goal of promotion. In addition, significant cash has been spent on players who are not part of our plans and have permanently left the club. Fortunately this will reduce the long-term cost but does result in a short-term cash drain”
Looks to me as though Asante has been paid off then, as it says 'players'.
#19
Posted 06 October 2023 - 07:27 PM