Exactly

You can't issue additional shares without diluting existing holdings, so will be interesting to see the numbers and the detail. Probably explains though why there's an EGM, which you wouldn't have expected just for new director/buy-out of Foulger.

Posted By: camcan on August 22nd 2022 at 08:51:42

Message Thread

One of the resolutions is creating shares to the value of ten million … (NCFC) - loz, Aug 22, 08:01:32
- Someone posted on the pinkun he is supposedly initially investing £10m (n/m) (NCFC) - Jim, Aug 22, 08:08:09
  - I wonder if the timing of this event is significant? (NCFC) - Henclrikus, Aug 22, 11:13:09
- Not seen this yet (NCFC) - JoeyDeacon, Aug 22, 08:04:30
  - Mmm dilution (NCFC) - camcan, Aug 22, 08:07:08
    - The new shares are C preference shares apparently (n/m) (NCFC) - Jim, Aug 22, 09:46:33
      - That's going to be messy (n/m) (NCFC) - camcan, Aug 22, 09:51:44
        
        Why? Maybe I’m oversimplifying…. (NCFC) - SimonOTBC, Aug 22, 12:41:19
    - Two beans and two beans equals (NCFC) - Cardiff Canary, Aug 22, 09:20:34
    - Well if he buys Foulgers 18% and another £10m he will have a decent % (NCFC) - Jim, Aug 22, 08:49:17
      - It certainly feels like there's a shift going on (NCFC) - camcan, Aug 22, 09:16:45
      - I’ve also read that Attanasio is purchasing … (NCFC) - loz, Aug 22, 09:07:25
    - Wouldn’t any dilution take D&M below 50%? (n/m) (NCFC) - jamesward, Aug 22, 08:33:19
      - See above, they are C preference shares so possibly not which is probably the (NCFC) - Jim, Aug 22, 09:51:03
        
        That’s the worry isn’t it ffs (n/m) (NCFC) - loz, Aug 22, 09:54:18
        
        Its a way of bringing in investment but with no dilution of control which` (NCFC) - Jim, Aug 22, 10:07:05
        
        Your insistence that D&M don't want to give up control (NCFC) - Henclrikus, Aug 22, 11:30:34
        
        Probably driven by him tbf (NCFC) - CWC, Aug 22, 11:11:29
        
        Maybe it’s seen as a way Attanassio can earn their trust?? (n/m) (NCFC) - loz, Aug 22, 10:09:01
        
        Well yes (NCFC) - Cardiff Canary, Aug 22, 10:56:56
      - No (NCFC) - Pbullard, Aug 22, 09:42:36
      - Exactly (NCFC) - camcan, Aug 22, 08:51:42
        
        are we now following the ipswich model? (NCFC) - Tombs, Aug 22, 09:17:20
  - Haven’t had my Letter yet but … (NCFC) - loz, Aug 22, 08:06:08

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