Would it not be a trigger event so …

Original 10 million converted to shares plus an extra 9 million ???

Posted By: loz on January 27th 2023 at 11:28:53

Message Thread

Ok so this share allotment looks like an opportunity to increase attanasiio holding and ra (NCFC) - fal5taff, Jan 27, 10:28:45
- He would be very welcome to by my 87 shares (NCFC) - Kev, Jan 27, 17:52:06
  - buy... (n/m) (NCFC) - Kev, Jan 27, 17:52:54
- Will Mrs Attanassio get a seat on the Board? (n/m) (NCFC) - KevinBond, Jan 27, 11:40:16
- new shares i think : (NCFC) - fal5taff, Jan 27, 11:11:38
- They are existing but unalloted shares I believe? (NCFC) - Jim, Jan 27, 10:33:44
  - Shares representing a majority stake are worth more than those for a minority stake (NCFC) - mr carra, Jan 27, 11:07:14
  - Mick that hack reckons they’re worth £1 (n/m) (NCFC) - Duck, Jan 27, 11:07:01
    - Well that can't be right, can it? (n/m) (NCFC) - jamesward, Jan 27, 11:09:20
      - I think they're called £1 shares, but that's not their value (n/m) (NCFC) - jamesward, Jan 27, 11:09:50
        
        Yep nominal value £1, market value = what someone will pay (n/m) (NCFC) - KevinBond, Jan 27, 11:17:08
        
        Nominal value is £1 (NCFC) - SimonOTBC, Jan 27, 11:16:08
        
        The minimum you could issue them at, anyway (NCFC) - mr carra, Jan 27, 11:19:33
        
        obvs (NCFC) - SimonOTBC, Jan 27, 11:26:43
  - Big assumption that MA will buy the full allocation. His previous investment was very (NCFC) - The Gaffer, Jan 27, 10:47:00
    - But would this be a trigger event to convert … (NCFC) - loz, Jan 27, 10:55:55
    - I would be amazed if its not to him or to parties asscoiated with him (n/m) (NCFC) - Jim, Jan 27, 10:54:23
      - I tend to agree but not sure what he's seen in the club to make him go 'all in'. (n/m) (NCFC) - The Gaffer, Jan 27, 11:04:04
        
        Wagner wants to buy a player (n/m) (NCFC) - KevinBond, Jan 27, 11:18:29
  - If they’re existing, but I allocated, who, sort of, owns them? (n/m) (NCFC) - Augustus Pablo, Jan 27, 10:46:44
    - Un-allocated (n/m) (NCFC) - Augustus Pablo, Jan 27, 10:46:58
      - Perhaps i've got that wrong. Sorry. I thought there were some issued shares that had not (NCFC) - Jim, Jan 27, 11:03:26
        
        Would it not be a trigger event so … (NCFC) - loz, Jan 27, 11:28:53
        
        I thought they were cancelled in the changes made in autumn last year? (n/m) (NCFC) - SimonOTBC, Jan 27, 11:04:01
  - Once he is at 30% isn’t he compelled to offer … (NCFC) - loz, Jan 27, 10:39:10
    - Maybe. Don't know. (n/m) (NCFC) - Jim, Jan 27, 10:45:22
      - I think it would trigger it but perhaps not if the shares are not all alloted to one party (NCFC) - Jim, Jan 27, 10:54:56
        
        It's triggered by a shareholder going over 30% (n/m) (NCFC) - SimonOTBC, Jan 27, 10:58:34
        
        Not in private companies I don't think (n/m) (NCFC) - jamesward, Jan 27, 10:59:47
        
        Unless it is (n/m) (NCFC) - jamesward, Jan 27, 11:00:46
        
        This is a public company (NCFC) - SimonOTBC, Jan 27, 11:01:47
        
        Ah, OK, the Takeover Code does apply then (n/m) (NCFC) - jamesward, Jan 27, 11:05:39
        
        According to this (NCFC) - jamesward, Jan 27, 11:06:14
- *and raise money for the club (n/m) (NCFC) - fal5taff, Jan 27, 10:30:49

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