And first option is redemption for £10m cash

Second if cash not taken, is converting into 10% of shares.

That doesn’t mean NCFC is valued at £100m, just sets a value at which conversion makes sense over redemption.

The other situation it would make sense is if attansio already owned 100%

Posted By: SimonOTBC on January 28th 2023 at 18:22:04

Message Thread

Presume this share transaction will be a trigger event … (NCFC) - loz, Jan 28, 15:02:20
- Who is valuing the club at £100m (n/m) (NCFC) - inutero, Jan 28, 17:00:17
  - Gwyneth Paltrow (NCFC) - Under soil heating, Jan 28, 18:05:14
    - "Aw whats in the box?" (n/m) (NCFC) - inutero, Jan 28, 18:09:43
      - Spoiler (NCFC) - eadie2001, Jan 28, 21:21:53
      - Me. (n/m) (NCFC) - Atta nassio here, Jan 28, 18:19:24
  - Loz (n/m) (NCFC) - SimonOTBC, Jan 28, 17:35:19
    - True I think I recall the c preference shares … (NCFC) - loz, Jan 28, 17:43:12
      - £10m muted for foulgers shares at 18% (NCFC) - inutero, Jan 28, 18:13:14
      - What do they convert into? (n/m) (NCFC) - SimonOTBC, Jan 28, 17:45:14
        
        I’ve had a few beers but seem to remember 10% of ordinary shares ? (n/m) (NCFC) - loz, Jan 28, 17:51:28
        
        From a quick look, I don’t think it’s a trigger event (n/m) (NCFC) - SimonOTBC, Jan 28, 18:07:49
        
        And first option is redemption for £10m cash (NCFC) - SimonOTBC, Jan 28, 18:22:04

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