[cite]Posted By: Goonerhater[/cite]Its note the f**kin piece of paper it wot it means
why it was brought
who i brought them with----how can anyone take it away or make it meaningless ?
I'd like to keep my 200 shares as well so I can say "my club" and so I can pass them onto my son.
I think whoever it was that said it is right that at 90% a purchaser can compulsorily buy the remaining shares. A Man Utd friend had to, reluctantly, sell his share to the Glaziers.
If it is something that many people feel passionately about then maybe it something to put in fans charter that Rothko suggested.
Thing is Henry the offer (if it comes) will be market value --- maybe alittle more. 1000 shares 50p(more like 30p) a share £500 not alot really is it ? and although i want the deal to go ahead --- let em write mine off .
It is my understanding in the event of 96% take up of shares the remaining shareholders are effectively forced to sell. You would be contacted and asked to surrender your share certificate and be sent the funds due.
However you may refuse to take up such option. In this case you will be noted as a dissenting shareholder and funds representing the value of your shares will be held in escrow. Your share certificate in financial terms becomes value less.
Clearly in some circumstances some things have a much greater personal value.
It may be possible in certain circumstances for club to release the cancelled or a commemorative certificate, which in itself has no financial value but recorded the previous shareholding held.
[cite]Posted By: Billericay Dickie[/cite]One thing puzzles me in this saga and that is why did Charlton feel the need to go public on Friday. If it was a legal requirement of a proposed takeover then that is fine, however if it wasn’t a legal requirement all the club has done is advise every other club in England that there are a group of rich Arabs looking to buy a club. You can be sure that clubs like Portsmouth, West Ham and probably another dozen have let it be known to Zabeel that they are worth considering.
If it wasn't a legal requirement we should have kept until it was signed, sealed and delivered.
Charlton is a PLC, it is required to notify these things under the rules. Many of the other clubs who have been taken over recently were private companies with no public shareholding so things can be kept quiet.
Comments
He bought the shares with his old man so the certificate has a sentimental value which is beyond value in monetary terms.
Point being if i sell it then the cert goes to them if i dont its with me.
I'd like to keep my 200 shares as well so I can say "my club" and so I can pass them onto my son.
I think whoever it was that said it is right that at 90% a purchaser can compulsorily buy the remaining shares. A Man Utd friend had to, reluctantly, sell his share to the Glaziers.
If it is something that many people feel passionately about then maybe it something to put in fans charter that Rothko suggested.
However you may refuse to take up such option. In this case you will be noted as a dissenting shareholder and funds representing the value of your shares will be held in escrow. Your share certificate in financial terms becomes value less.
Clearly in some circumstances some things have a much greater personal value.
It may be possible in certain circumstances for club to release the cancelled or a commemorative certificate, which in itself has no financial value but recorded the previous shareholding held.
Grapevine 49
Like the Glasers,Zabeel are likely to withdraw Charlton from the stock market to avoid making company information public.
Charlton is a PLC, it is required to notify these things under the rules. Many of the other clubs who have been taken over recently were private companies with no public shareholding so things can be kept quiet.