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GMF

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  1. Thanks for this. Can you expand, if possible, on your comment relating to “system made simpler re queues online”
  2. Forgetfulness aside, Monday nights are still included, yes?
  3. Just realised I’ve not picked this week. Sheffield United vs Arsenal - away win
  4. I believe it’s Developments company, rather than Holdings, but it’s largely irrelevant because I’m sure that such ownerships would have been “shuffled up” the corporate tree, to the Club, in advance of these appointments
  5. The Club’s three wholly owned subsidiary companies, NCFC (Holdings) Limited, Kerrison Developments Limited and Kerrison Holdings Limited, have all appointed BDO LLP, for the purposes of entering Members’ Voluntary Liquidations. All three companies satisfied their outstanding legal charges earlier this year, and, although their respective accounts reporting dates are now overdue, this initially appears to be a matter of corporate housekeeping, winding up each legal entity, which may now be deemed surplus to corporate needs, rather than anything of significant concern.
  6. GMF

    Ownership questions

    To be clear, the Trust offers just an introductory service for potential buyers and sellers - it’s for vendors and purchasers to subsequently agree a price between themselves and, as Tilly and Diane mention, to also deal with the associated administration for the share transfer with the Club.
  7. GMF

    Ownership questions

    Diane, under the old Corporate reporting regime, called Annual Returns, the Club used to provide a full list of shareholders every third year, the last one being back in 2015. Annual Returns have now been replaced by Confirmation Statements and the Club lists just the shareholder changes when it produces its revised list each October - there’s one due shortly, but there’s no longer the obligation to provide a full list every third year. The Club used to employ a Stock broker to deal with share transfers until circa the mid 2000’s but this became unviable for the broker following the public offerings in 2002-03, simply because the volumes traded were too low. The majority of transfers each year are typically between family members and friends, for nil consideration, following the passing of the existing shareholder. The Club recognised that fans occasionally wished to buy / sell shares from time to time and, whilst David McNally was CEO, he asked the Trust if we could offer what’s effectively a matched bargain basis for potential buyers and sellers via our website, which we’ve been doing for several years now. Hope this helps?
  8. GMF

    Ownership questions

    A quick look at Companies House and a search for Norwich City Football Club and a squint on the 2013 Annual Return shows no shareholding in the name of Graham Paddons Beard
  9. GMF

    Ownership questions

    Thanks for confirming
  10. GMF

    Ownership questions

    The Club’s articles of association requires all directors to have a minimum shareholding with a notional value of not less than £100. Hence why D&M have individual share holdings in their own name. Also, if memory serves me correctly, D&M we’re actually appointed directors before GW agreed to sell his shares to them.
  11. GMF

    Ownership questions

    The inference from your previous post was that the ‘joint’ reference was as some wheeze to avoid the 50% the limit - at least that’s how I read it. When they initially acquired GW’s 30 (something) percent, it was jointly, as have all other subsequent acquisitions.
  12. GMF

    Ownership questions

    This is a complete red herring. They’ve always held the shares jointly and the existing percentage is the consequence of their initial purchase, converting previous loans to equity and underwriting the share sales back in the early noughties
  13. GMF

    Ownership questions

    As the shares aren’t actively traded on any authorised Stock Market, they’re only worth whatever someone is willing to offer for them, always presuming a willing buyer and willing seller. Someone can quote whatever they want for shares, but a deal will only happen if someone is willing to match that price. Hence why some of those shares have been listed for some time.
  14. GMF

    Ownership questions

    As has been mentioned, Delia & Michael own over 53% and Michael F, just over 16%, so, between the three of them, it’s approximately 69%. As Purple mentioned, D&M previously owned over 60%, having underwritten the share issues back in 2002/03, of the then total equity until Michael F underwrote the season ticket rebates, following relegation to League One, back in 2009. His loan was subsequently converted to equity. Incidentally, the reason why D&M more recently had their remaining loans repaid was precisely because, had there been further debt to equity conversions, their total percentage share holdings would have increased even further.
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