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AGM

Posted: Mon Dec 02, 2019 11:17 pm
by Robbo
Dare I ask if Shareholders may be invited to discuss the season BEFORE last season ?

They can do away with the voting but whilst most cannot remember the season BEFORE the last one it goes to show just what an annoyance it is having a shareholder meeting.

I am sure there are shareholders who remember the promise to hold them BEFORE the new season started.

Robbo

Re: AGM

Posted: Wed Dec 04, 2019 10:53 am
by mart0042
This should probably go to the club, unless this is how the club now organise their diaries, through a fans forum?

Re: AGM

Posted: Wed Dec 04, 2019 3:56 pm
by Robbo
I was asking a question if anyone had heard anything.

I have had nothing but its happened in the past that letters have gone missing.

Today is the 5th and 14 days notice is given which means its pretty tight for Christmas.

Robbo

Re: AGM

Posted: Thu Dec 05, 2019 12:23 am
by casjunction
To the Season to be jolly
Peace and Good Will to all men.
But!!!!!!!!

Re: AGM

Posted: Thu Dec 05, 2019 1:39 pm
by thedogvinnie
Here we go, the disgruntled hasnt had a session of club bashing for a while.

Re: AGM

Posted: Thu Dec 05, 2019 1:42 pm
by Easy Tiger 2
Asking a question about an AGM classes as club bashing does it? :-({|=

Re: AGM

Posted: Fri Dec 06, 2019 7:56 am
by Lofthouse Tiger
Don’t see what Robbie is doing to bash the club here.

Let’s put it this way VD, would rather have a “Robbo” type running the club than someone like you.

Re: AGM

Posted: Fri Dec 06, 2019 8:27 pm
by Robbo
A happy Christmas to you Sir as well.

I hope the new year brings you peace and good health.
Robbo

Re: AGM

Posted: Sat Dec 07, 2019 9:16 am
by Robbo
I am told that the club is sending the notice out today.
14 days to be given so be rather interesting to see when its going to be.

Its the club articles that require one..........however frankly as we are discussing the period December 2017 to November 2018 there seems little point.

We have finished another financial year so are 2 behind.

My plan was to hold the AGM in February to discuss the previous season and to get shareholders on board for the new season.
Clearly they do not think that's a good idea.
Call me sceptical but an AGM on the 23/24th of December is not shareholder friendly.

Robbo

Re: AGM

Posted: Mon Dec 09, 2019 11:01 pm
by Robbo
My source and I got this mixed up.
There has been no letter so an AGM looks unlikely

I am afraid it’s the thin end of the wedge .
Ignoring the articles and not giving shareholders a meeting is frankly not on.
Will shareholders challenge this?
Robbo

Re: AGM

Posted: Mon Dec 09, 2019 11:31 pm
by tigerfeat
Surely they have to hold a AGM if one of the shareholders have requested one

Re: AGM

Posted: Mon Dec 09, 2019 11:44 pm
by Casmania
tigerfeat wrote:
Mon Dec 09, 2019 11:31 pm
Surely they have to hold a AGM if one of the shareholders have requested one
As I understand it, no.
The club is now a private limited company, with Jan and Ian Fulton privately owning 94% of the assets. There is no legal requirement to hold an AGM due to this change, however ethically and morally it could be considered wrong in not doing so. If there is no agm it will be a first. The abridged accounts are on companies House and show a loss. I further understand there is a legal requirement to forward the accounts to the shareholders.

Re: AGM

Posted: Mon Dec 09, 2019 11:53 pm
by tigerfeat
Ah ok I didn't realise they had that many shares no other person will have 5 % shares then
They should hold a AGM anyway looks like there trying to hide something otherwise

Re: AGM

Posted: Tue Dec 10, 2019 10:24 am
by Casmania
tigerfeat wrote:
Mon Dec 09, 2019 11:53 pm
Ah ok I didn't realise they had that many shares no other person will have 5 % shares then
They should hold a AGM anyway looks like there trying to hide something otherwise
As I've stated there is no statutory requirement to hold an AGM for a private company, this law came into effect on October 1st 2007.

However, the club have always held an AGM and indeed the clubs current articles of administration do state a general meeting is to be held annually.

Re: AGM

Posted: Tue Dec 10, 2019 8:36 pm
by Robbo
Cas mania
The articles of the club say that there shall be an annual AGM
These have not been changed.
The fact that the Fulton’s voted to give them full control is morally questionable .
They have not bought these shares and I think it’s wrong they should hold voting rights.
The debt accruing interest is still there.

At the very least they should buy out other holders.
Some of us put many thousands of pounds into the club for no return.
Robbo