Shares - general query

charlton4ever

If this offer was made and the shareholders of CAFC had to vote, would it only be the big holders of shares who needed to vote as they would get over 50 per cent of the votes? Would the fans who hold smaller holdings then have to go along with it?

I have no idea how these things work, or how CAFC shares are distribited, and would be grateful for a laymans explanation from one of you more clever people! Ta.

Goonerhater

yep ifthe main players want it they hugely out number the small investor. Example i have 800/1,000 RM has over 2,000,000.

MCFC

It´s mainly a "1 share = 1 vote" system..2.000.000 shares = two million votes

Solaraddick

Wouldn't there probably need to be a shareholder's EGM (albeit at short notice) for a formal vote to be recorded, notwithstanding the fact that the board members can approve without 'outside' assistance?

Goonerhater

Yes there would and yes they would

charlton4ever

thanks everyone - clear now!

MCFC

It might actually be one of the requirements for a deal to go thru..that enough shareholders accept their offer I mean.

Athletico Charlton

usually has to be above a certain % that agrees and then they can force the rest to sell up i think, quite a high % but our board owns most so probably has it covered...although no doubt the conspiracy theorists will start a link that Simon Jordan is trying to buy up all the rest to stop it going ahead !