Farhad Moshiri

[scratchnsurf]

Where's @mikewex when you need him?

Why do you need him Bungle?

 

[scratchnsurf]

Okay mate.

Patience is power.
Patience is not an absence of action; rather it is "timing" it waits on the right time to act, for the right principles and in the right way.

 

[Lee Smith]

There is no such thing as a sure thing Grouch

Not for Blue Heaven.

For EFC. Eventually it is a certainty

 

[bizzaro]

@Groucho isn't sure whats going on in Moshiri's head mate.

 

[The Esk]

Probably being incredibly thick but given the triumverate owned 69% and AA abou 5.5% just wondering where the other w% ish came from.

When Moshiri acquired his 17,465 shares he acquired them as follows:

Bill Kenwright sold 4,788 shares
Robert Earl sold 8,146 shares
Jon Woods sold 3,506 shares
Other shareholders (not specified) sold 1,025

Moshiri has the option to acquire the following in addition to the 17,465 shares he currently owns through Blue Heaven:

Option to purchase 4,256 shares from Bill Kenwright
Option to purchase 3,116 shares from Jon Woods
Option to purchase 1,935 shares from Arthur Abercromby

Option to purchase in total 9,307 shares

17,465 + 9,307 = 26,772 shares

Total shares in issue = 35,000

26,772/35,000 = 76.5%

 

[roydo]

You have the patience of a saint mate.

 

[Goat]

When Moshiri acquired his 17,465 shares he acquired them as follows:

Bill Kenwright sold 4,788 shares
Robert Earl sold 8,146 shares
Jon Woods sold 3,506 shares
Other shareholders (not specified) sold 1,025

Moshiri has the option to acquire the following in addition to the 17,465 shares he currently owns through Blue Heaven:

Option to purchase 4,256 shares from Bill Kenwright
Option to purchase 3,116 shares from Jon Woods
Option to purchase 1,935 shares from Arthur Abercromby

Option to purchase in total = 9,307 shares

17,465 + 9,307 = 26,772 shares

Total shares in issue = 35,000

26,772/35,000 = 76.5%

And the "magic" figure is 90%?

Doesnt something happen at 75%?

 

[Coffee and TV]

When Moshiri acquired his 17,465 shares he acquired them as follows:

Bill Kenwright sold 4,788 shares
Robert Earl sold 8,146 shares
Jon Woods sold 3,506 shares
Other shareholders (not specified) sold 1,025

Moshiri has the option to acquire the following in addition to the 17,465 shares he currently owns through Blue Heaven:

Option to purchase 4,256 shares from Bill Kenwright
Option to purchase 3,116 shares from Jon Woods
Option to purchase 1,935 shares from Arthur Abercromby

Option to purchase in total 9,307 shares

17,465 + 9,307 = 26,772 shares

Total shares in issue = 35,000

26,772/35,000 = 76.5%

If/when Moshiri takes this option will this mean Kenwright, Woods and Abercromby will have sold all their shares?

 

[Goat]

If/when Moshiri takes this option will this mean Kenwright, Woods and Abercromby will have sold all their shares?

Yes mate.

 

[The Esk]

And the "magic" figure is 90%?

Doesnt something happen at 75%?

At 75% he has total control of the club, he can pass special resolutions at General meetings without the support of anyone else (they require 75% majority). Special resolutions include increasing the capital of the company.

At 90% he can force all remaining shareholders to sell their shares to him.

 

[Goat]

At 75% he has total control of the club, he can pass special resolutions at General meetings without the support of anyone else (they require 75% majority). Special resolutions include increasing the capital of the company.

At 90% he can force all remaining shareholders to sell their shares to him.

And at 90% how much does he need to offer for the shares? Is their an amount he must meet or something?

 

[The Esk]

And at 90% how much does he need to offer for the shares? Is their an amount he must meet or something?

Yes, there's a number of provisions in the 2006 Companies Act that protects those shareholders who are "squeezed out". Essentially they'd have to receive the same amount as was offered and accepted by the shareholders who sold in taking him above 90%.

 

[The Esk]

You have the patience of a saint mate.

It's all part of the GOT service to fellow blues....

 

[Goat]

Yes, there's a number of provisions in the 2006 Companies Act that protects those shareholders who are "squeezed out". Essentially they'd have to receive the same amount as was offered and accepted by the shareholders who sold in taking him above 90%.

The highest fee? Or an average fee?

 

[jinkyali]

Will you work for me one day @The Esk ?