Yes, they’re in the terms of the prefs

First option is cash repayment, second is conversion. Always at the holders option.

Personal view is they are written in such a way that conversion is a last resort only. I expect they’d only be converted if MA already owned 100%

Posted By: SimonOTBC on February 13th 2023 at 21:02:36

Message Thread

There we go then.. (NCFC) - Trent_Canary, Feb 13, 18:22:02
- Just 19 of us shareholders there tonight for what I timed as (NCFC) - Old Splat, Feb 13, 20:30:49
  - Any timescale on when we hear more ? (n/m) (NCFC) - loz, Feb 13, 20:40:28
    - No details given and no questions allowed (NCFC) - Old Splat, Feb 13, 20:54:28
      - Is it a conversion event? (NCFC) - SimonOTBC, Feb 13, 20:56:19
        
        Basically the club are releasing as little info as possible (NCFC) - Old Splat, Feb 13, 21:02:16
        
        I’ll have a look later (NCFC) - SimonOTBC, Feb 13, 21:04:27
        
        Just had a look - I don’t think this is a “trigger event” (n/m) (NCFC) - SimonOTBC, Feb 13, 21:10:02
        
        Wonder if we find out at this junction which other shares were acquired … (NCFC) - loz, Feb 13, 21:11:23
        
        *I promise to refrain from posting rumours regarding anyone's private life (n/m) (NCFC) - Old Splat, Feb 13, 21:04:18
        
        Were trigger events disclosed ? (n/m) (NCFC) - loz, Feb 13, 20:59:56
        
        Yes, they’re in the terms of the prefs (NCFC) - SimonOTBC, Feb 13, 21:02:36
    - I’m sure the answer is no (n/m) (NCFC) - SimonOTBC, Feb 13, 20:53:09
      - Yes but we weren’t in the room tbf (n/m) (NCFC) - loz, Feb 13, 20:54:15
        
        We would know if already if anything else was said (n/m) (NCFC) - SimonOTBC, Feb 13, 20:56:52
- Seismic stuff (n/m) (NCFC) - SCC 28, Feb 13, 18:43:49
  - Indeed historic night for the club … (NCFC) - loz, Feb 13, 18:50:55
    - Delia will be 40% owner now rather than 53%. (n/m) (NCFC) - Tony Martin, Feb 13, 19:12:11
      - Takeover code applies if attanassio over 30% I think (n/m) (NCFC) - loz, Feb 13, 19:29:49
        
        I believe you're wrong and it doesn't apply to little old Norwich (NCFC) - JD3, Feb 13, 20:16:59
        
        It’s applicable to public companies (NCFC) - SimonOTBC, Feb 13, 20:23:33
        
        I don't think you're right. AFAIK our shares aren't traded on a regulated market..... (NCFC) - JD3, Feb 13, 20:54:40
        
        NCFC would fall in the other companies bit (NCFC) - SimonOTBC, Feb 13, 21:41:26
        
        Yea that’s my take (n/m) (NCFC) - loz, Feb 13, 20:49:16
        
        Is he taking over then? (n/m) (NCFC) - SCC 28, Feb 13, 19:34:11
        
        If you go over a 30% stake holding post 2002 you are obliged .. (NCFC) - loz, Feb 13, 20:00:19
    - Emotional stuff tbf (n/m) (NCFC) - SCC 28, Feb 13, 18:52:31
- Clear as mud 😂 no wonder they encouraged people not to turn up tbf (n/m) (NCFC) - loz, Feb 13, 18:25:17
  - The only interesting thing I was hoping for was subscription price! (n/m) (NCFC) - SimonOTBC, Feb 13, 18:36:41
    - Presumably an announcement will be forthcoming from the club over the coming week (NCFC) - SimonOTBC, Feb 13, 18:39:52

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.