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Re: AGM for 2017

PostPosted: Thu Nov 08, 2018 8:57 pm
by Robbo
A few corrections
The articles say every year and it’s been over a year.
The BOd had previously agreed to try and hold it early in the year. February March to share the plans for the coming season with the owners.
The Fulton’s have a controlling stake and all the other shares added up cannot out vote them.
The Fulton’s still are owed a large amount of money circa 2 million
They are paid interest on that as previously they had not been
The accounts have been ready months

I am afraid it’s an inconvenience having you which shows how they regard minority shareholders.
Let me guess that one is called maybe two weeks before Xmas when people are busy with other things.
Maybe they should buy the other shares as they carry no voting rights now.
Why not share the great season we had 2 seasons ago?
More questions than answers but see if I am right.
Let’s go for week com the 10th of December for maximum annoyance!
Robbo

Re: AGM for 2017

PostPosted: Thu Nov 08, 2018 8:59 pm
by Robbo
tigerfeat wrote:It used to be that even if it was only a small percentage of shareholders called for a AGM then by law one had to take place
If it was less than the required percentage then you weren't forced to have one
Not sure if that's still the case these days


That’s an EGM I called the last one

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 12:45 am
by Spanishtiger
Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 1:14 am
by nottinghamtiger
Spanishtiger wrote:Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.


Didn’t Robbo do exactly this a few years ago?

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 12:37 pm
by mart0042
Spanishtiger wrote:Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.

:clap:

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 12:55 pm
by Lofthouse Tiger
Not sure how these things work but a few question to see if I can find out.

If the club owe the Fulton’s 2 million pounds then this is something that will be and should be repaid as and when is realistically possible. No problem, seems only right.

If the club are now paying interest on this loan then when was this done, why was it done, who proposed it and who agreed it? We’re ALL the shareholders involved in this process?

If this is the case then why were additional shares given to the Fulton’s in lieu of the outstanding loans? If additional shares were given were these to replace any outstanding debt/loans? If not why were they given? If they were then how is that debt still in place with interest being paid? Cake and eat it scenario.

Is this 2 million loan still going to be repaid as and when possible? If so then what will happen to the additional shares once paid? Will these be kept and possibly sold on? If the shares are cancelled, then what is/was the point of the whole process to begin with?

Seems to me only one person or group is at an advantage whichever way you look at it.

As I said I am not fully au fair with this kind of thing but to the man I the street this is an odd way to run a club and not a good way to treat ALL the shareholders.

The answers must be out there.

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 12:56 pm
by Lofthouse Tiger
Spanishtiger wrote:Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.



Offering to buy silence from people Spanish? Are you a Tory MP by any chance? :dance: :dance: :dance:

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 1:44 pm
by HuddsTigers
Robbo wrote:A few corrections
The articles say every year and it’s been over a year.


Robbo - you're both correct and incorrect. The articles are publicly available on Companies House but they clearly state 15 months as a gap.

It states 'one general meeting of the company at the least shall be held in each calendar year at such time and place as the Directors may determine'

However, it then goes on to state "provided, however, that no greater interval than fifteen months shall be allowed to elapse between two Ordinary General Meetings'.

In this case, the club could have one in January but it means they could realistically wait until April the next year to hold the next one. One each calendar year, 15 months apart.

So if the last one was in November last year, then to fall into line with the Articles they can hold it any point before the end of the year. Doesn't have to be November-November.

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 8:24 pm
by Robbo
Spanishtiger wrote:Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.


1000 shares so make me an offer.
Cost 20 k you give me that you can have them
There are 40 k issued and paid so 2.5%
However another 40 k on loan to Fulton’s

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 8:35 pm
by Robbo
HuddsTigers wrote:
Robbo wrote:A few corrections
The articles say every year and it’s been over a year.


Robbo - you're both correct and incorrect. The articles are publicly available on Companies House but they clearly state 15 months as a gap.

It states 'one general meeting of the company at the least shall be held in each calendar year at such time and place as the Directors may determine'

However, it then goes on to state "provided, however, that no greater interval than fifteen months shall be allowed to elapse between two Ordinary General Meetings'.

In this case, the club could have one in January but it means they could realistically wait until April the next year to hold the next one. One each calendar year, 15 months apart.

So if the last one was in November last year, then to fall into line with the Articles they can hold it any point before the end of the year. Doesn't have to be November-November.


Note 75 Annualy Huddesfield

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 8:52 pm
by HuddsTigers
Point 75 says that the accounts have to be audited annually. That has nothing to do with meetings.

That means the Directors have to appoint someone to review the accounts before they are submitted to Companies House. They are - by Townend Accountants or whatever they are called.

Point 37 is the one you want and is the one I have quoted from the section ‘General Meetings’

Re: AGM for 2017

PostPosted: Fri Nov 09, 2018 11:05 pm
by Robbo
HuddsTigers wrote:Point 75 says that the accounts have to be audited annually. That has nothing to do with meetings.

That means the Directors have to appoint someone to review the accounts before they are submitted to Companies House. They are - by Townend Accountants or whatever they are called.

Point 37 is the one you want and is the one I have quoted from the section ‘General Meetings’

Wrong I am trying to post it

Section wanted is appointment of directors
Can someone tell me how to get a photo on here please
Robbo

Re: AGM for 2017

PostPosted: Sat Nov 10, 2018 12:11 am
by Danny Boy
Robbo wrote:
HuddsTigers wrote:Point 75 says that the accounts have to be audited annually. That has nothing to do with meetings.

That means the Directors have to appoint someone to review the accounts before they are submitted to Companies House. They are - by Townend Accountants or whatever they are called.

Point 37 is the one you want and is the one I have quoted from the section ‘General Meetings’

Wrong I am trying to post it

Section wanted is appointment of directors
Can someone tell me how to get a photo on here please
Robbo


I use this for posting images:
http://tinypic.com/
Upload image, then copy and paste into body of text, just preview to make sure your image appears ok.

Re: AGM for 2017

PostPosted: Sat Nov 10, 2018 7:16 am
by Lofthouse Tiger
Robbo wrote:
Spanishtiger wrote:Give me a price for your miniscule shareholding Robbo, I'll gladly buy them to shut you up.
Whilst you're at it please explain to all the people on here what your shareholding is worth, both in percentage and cash terms.
If you can't, please stop moaning on a fan's forum and direct your niggles to the boardroom. Please.


1000 shares so make me an offer.
Cost 20 k you give me that you can have them
There are 40 k issued and paid so 2.5%
However another 40 k on loan to Fulton’s


There you go Spanish. Over to you..........or anyone else even.

Re: AGM for 2017

PostPosted: Sat Nov 10, 2018 8:23 am
by HuddsTigers
Robbo wrote:
HuddsTigers wrote:Point 75 says that the accounts have to be audited annually. That has nothing to do with meetings.

That means the Directors have to appoint someone to review the accounts before they are submitted to Companies House. They are - by Townend Accountants or whatever they are called.

Point 37 is the one you want and is the one I have quoted from the section ‘General Meetings’

Wrong I am trying to post it

Section wanted is appointment of directors
Can someone tell me how to get a photo on here please
Robbo


Edit: Robbo apologies - I didn’t see that they were updated in 2009 and I’ve now found the updated versions. I was reading the 1926 incorporated ones.

You are right. That point is very vague though and seems to only relate to rotation of Directors (reads to me as if there has to be only one meeting a year where this has to happen, and not necessarily tied to any review of the accounts).