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New Shares Issued
Views: 1033
https://find-and-update.company-information.service.gov.uk/company/02901467/filing-history
Stevenage has issued 30,000 new Ordinary shares at £35 each. That's a £1,050,000 capital injection.
Edited by Sev at 06:55:02 on 21st March 2024
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Re: New Shares Issued
Views: 195
https://www.bbc.co.uk/sport/football/68673644
Just to give you an idea of what we are up against.They have received average of 5m investment each yr . Realise they are still making losses plus the investment could be in day a loan account so debt .
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Re: New Shares Issued
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Who purchased them?
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Re: New Shares Issued
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Don't know. Will have to wait for the next confirmation statement with updates showing the shareholders.
Last statement the only shareholders were:
Phil 346,080 shares
Supporters Association 6,220 shares
Tifosy Investment Ltd 12,420 A shares
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Re: Phil bought them
Views: 571
Nice. Basically he's put £1m of his own money into the club (of course he gets some extra shares in return but that's probably more than they're worth).
So clubs gets more funds and rather than it being debt, it's capital. ??
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Re: Phil bought them
Views: 560
Yeah he could have loaned the sum instead which would be repayable.But outside of this wasn't he looking to sell some of his existing shares to an investor, wonder if this a prelude to this happening .
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Re: Phil bought them
Views: 490
Can take the article a couple of ways when he talks about remaining solvent and competing an interesting challenge .
Wonder if he had to do it to keep the club debt free or to ensure we challenge for promotion year in year out or a combination of both?
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Re: New Shares Issued
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Prob wrong but thought up to this announcement Taverner and PWs Sons also had a minimal shareholding and Stuart D was an Executive Director only ?
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Re: New Shares Issued
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The sons, Taverner and Dinsey are directors, but not shareholders according to companies house.
Mick Shortland and Ken Vale used to have small shareholdings, but those were transferred circa 2019.
A pension fund also used to hold shares.
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Re: New Shares Issued
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So based on those number the new investor(s) will own circa 8% assuming they have gone to a single new entity and not to one of the existing.
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Re: New Shares Issued
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Or even ANOTHER 8%...
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Re: New Shares Issued
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75% dividend for promotion to the championship..!!
Interesting indeed and certainly out the blue.
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Re: New Shares Issued
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The 75% dividend also applies to the shares offered to supporters a few years ago.
We got a 25% dividend on promotion to League One.
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Re: New Shares Issued
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Ah ok I didn?t realise that obviously a standard offer by the club
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Re: New Shares Issued
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That only applies to the Ordinary A shares offered through Tifosy, not the Ordinary shares just issued.
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