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Post by baggins on Apr 3, 2018 12:41:50 GMT
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Post by peterparker on Apr 3, 2018 12:43:11 GMT
it says up to a nominal value of £500k, which doesn't seems a lot if they are converting any loan(s) to equity
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Post by knowall on Apr 3, 2018 12:46:29 GMT
No big deal
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Post by gasandrew on Apr 3, 2018 15:47:30 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times
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Post by Topper Gas on Apr 3, 2018 17:49:44 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times But this is the first time for years it looks like we're planning on having an actual share issue, there's clearly some reason behind it.
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Post by peterparker on Apr 4, 2018 6:20:12 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times the amount seems rather insignificant though and as you say not a big deal in any grand scheme so guess it goes back to the NH days, but don't see any records of it on Companies House
Dwane can pass anything it likes so I guess if they were going to do something the would do something more significant
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Post by knowall on Apr 4, 2018 9:36:41 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times the amount seems rather insignificant though and as you say not a big deal in any grand scheme so guess it goes back to the NH days, but don't see any records of it on Companies House
Dwane can pass anything it likes so I guess if they were going to do something the would do something more significant
exactly
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Post by knowall on Apr 4, 2018 9:38:00 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times But this is the first time for years it looks like we're planning on having an actual share issue, there's clearly some reason behind it. and how do you deduce that?
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Post by Topper Gas on Apr 4, 2018 10:48:24 GMT
But this is the first time for years it looks like we're planning on having an actual share issue, there's clearly some reason behind it. and how do you deduce that? By the fact this is the first time for years we've filed anything with Companies House, perhaps the club is just going though the motions perhaps not, but something has clearly prompted them to do it this year when they didn't last year.
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Post by baggins on Apr 4, 2018 10:49:45 GMT
and how do you deduce that? By the fact this is the first time for years we've filed anything with Companies House, perhaps the club is just going though the motions perhaps not, but something has clearly prompted them to do it this year when they didn't last year. Perhaps we're actually being professional?
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Post by swissgas on Apr 4, 2018 13:52:36 GMT
It's the same resolution that I mentioned in part in an earlier post. As knowall said it's not a big deal as this resolution has been passed / renewed at quite a number of AGM's in recent times the amount seems rather insignificant though and as you say not a big deal in any grand scheme so guess it goes back to the NH days, but don't see any records of it on Companies House
Dwane can pass anything it likes so I guess if they were going to do something the would do something more significant
The amount of £500 000 may be highly significant because any purchaser would hold a stake of approximately 40% in BRFC 1883 Ltd leaving Dwane Sports with a controlling 52%
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Post by knowall on Apr 4, 2018 16:02:55 GMT
and how do you deduce that? By the fact this is the first time for years we've filed anything with Companies House, perhaps the club is just going though the motions perhaps not, but something has clearly prompted them to do it this year when they didn't last year. beta.companieshouse.gov.uk/company/04501223/filing-history
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Post by South Stand Ultra on Apr 4, 2018 16:08:10 GMT
By the fact this is the first time for years we've filed anything with Companies House, perhaps the club is just going though the motions perhaps not, but something has clearly prompted them to do it this year when they didn't last year. Perhaps we're actually being professional? Bristol Rovers, professional..... Just got back up onto my chair.
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Post by aghast on Apr 4, 2018 16:48:57 GMT
the amount seems rather insignificant though and as you say not a big deal in any grand scheme so guess it goes back to the NH days, but don't see any records of it on Companies House
Dwane can pass anything it likes so I guess if they were going to do something the would do something more significant
The amount of £500 000 may be highly significant because any purchaser would hold a stake of approximately 40% in BRFC 1883 Ltd leaving Dwane Sports with a controlling 52% This sounds very significant indeed, swissgas. So are the owners about to sell or at least offer 40% of the club to outside parties?
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Post by swissgas on Apr 4, 2018 17:00:16 GMT
The amount of £500 000 may be highly significant because any purchaser would hold a stake of approximately 40% in BRFC 1883 Ltd leaving Dwane Sports with a controlling 52% This sounds very significant indeed, swissgas. So are the owners about to sell or at least offer 40% of the club to outside parties? It looks as though they may have been exploring that possibility since May 2017.
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Post by Topper Gas on Apr 4, 2018 17:20:54 GMT
By the fact this is the first time for years we've filed anything with Companies House, perhaps the club is just going though the motions perhaps not, but something has clearly prompted them to do it this year when they didn't last year. beta.companieshouse.gov.uk/company/04501223/filing-historyWell done for learning how to repost my own link, perhaps you can also direct me to the "Resolution of allotment of securities" document we have previously filed post the takeover, or in any recent years, the last time was probably when we did actually release additional shares.
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Post by Henbury Gas on Apr 4, 2018 18:06:53 GMT
This sounds very significant indeed, swissgas. So are the owners about to sell or at least offer 40% of the club to outside parties? It looks as though they may have been exploring that possibility since May 2017. could be a requirement of the investing company (stadium funding) to own part of the club ?
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Post by Topper Gas on Apr 4, 2018 18:20:38 GMT
Why don't they just buy a proportion of the existing shares from the ALQ's rather than them issue additional shares in the club, which I assume is the intention?
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Post by bluebeard on Apr 4, 2018 18:27:45 GMT
the amount seems rather insignificant though and as you say not a big deal in any grand scheme so guess it goes back to the NH days, but don't see any records of it on Companies House
Dwane can pass anything it likes so I guess if they were going to do something the would do something more significant
The amount of £500 000 may be highly significant because any purchaser would hold a stake of approximately 40% in BRFC 1883 Ltd leaving Dwane Sports with a controlling 52% Yes, I guess this is relevant in terms of controlling interests but (to Peter P) it could still be highly significant in terms of funds raised. It doesn't necessarily follow that an issue of shares with nominal value of £500k will be sold for only £500k. A 25p share in Barclays for example, will cost you over £2.
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Post by swissgas on Apr 4, 2018 18:33:00 GMT
It looks as though they may have been exploring that possibility since May 2017. could be a requirement of the investing company (stadium funding) to own part of the club ? If they have been trying to attract stadium finance by offering a 40% stake it's hardly surprising there have been no takers since May 2017. My guess is that anyone risking £20+ million to pay for the redevelopment would certainly want control of the company and the Dwane Sports charge removed.
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