Please note - supporters clubs can band together to buy shares - you register them in the name of your club secretary for instance - and back it up with your own document explaining how the shares are to be distributed if the purchase is ever broken up.Is there anything stopping say 5 fans chipping in, getting 500 quids worth in one guys name then the one guy gifting 1/5 to each of the group?
At the moment they haven't set the price because of the process - but assuming it is 20p or thereabouts that would make it about 30million shares and the club currently has 390,658,857 shares circulating - so abut 8% - these are new shares.Won't pretend I know anything about the company etc. Who's shares are they? What sort of percentage is that in total? I get a thousand pound bonus next month (stealth brag) so might look into this.
I think this type of offering is limited to €8m per year hence the £6.75m at current exchange rates so won’t be able to offer more if oversubscribed.Would the plc be allowed to consider increasing the size of the offering if it looks like it will be oversubscribed?
If you do over the limited you need a line by line checked prospectus which costs a fortune. You can only do one of these per year.I think this type of offering is limited to €8m per year hence the £6.75m at current exchange rates so won’t be able to offer more if oversubscribed.