|
|
Date Set for Share EGM
By: Rob Sedgwick
Date: 03/11/2001
GRIMSBY TOWN have set a date for the Extraordinary General Meeting of shareholders to debate two proposals to unlock the unissued share capital of the club.
The resolutions would if passed bring in up to £350,000 of additional funds to the club, and possibly new investors into the company.
The meeting, to be held on Monday 26th November at the Inn on the Park (10:30 am) will consider two options as to how the share capital might be released.
The first option would be to allow the club to issue shares to any party who is interested in buying them, with the second choice being to allot shares for existing shareholders on a one-to-one basis in a Rights Issue.
The club have estimated that the second option would cost in the region of £30,000 to prepare the prospectus and supporting documents, whereas the first option would cost just £1,000 as no documents would need to be prepared.
Both special resolutions require a majority of at least 75% of the shareholders in order to be passed.
This site is by the fans, for the fans, and we will consider articles on any subject relating to the Mariners whether it be related to current news, a nostalgic look back in the past, a story about a player, a game or games in the past, something about Blundell Park or football in general. Click here to submit your article!
Related Stories
| Thread Title | Posts | Latest Post | |
|---|---|---|---|
| England v Norway match thread | 121 | Ganpati Goonerz | 12/07 23:36 |
| Wheelchair Area | 5 | Southwark Mariner | 12/07 23:25 |
| Summer Transfer Rumour thread | 2,262 | WayneBurnettsJockstrap | 12/07 22:50 |
| The Fishy World Cup 2026 Thread ðŸŒðŸ† | 935 | Lost in Lincoln | 12/07 22:06 |
| Darragh Burns Gone | 21 | dapperz fun pub | 12/07 21:08 |
| Ex-GTFC players thread | 5,142 | Southwark Mariner | 12/07 20:44 |
| Clee Town v Mariners | 31 | IowaMariner | 12/07 19:50 |
| Lukeos Seat Count | 181 | HackneyHaddock | 12/07 16:58 |
| TV Games/Upcoming Fixtures | 3 | SiteBot | 12/07 04:30 |