The Fishy.co.uk Grimsby Town FC

RSS



League Two Form Guide

  PGDPts
1Portsmouth61116
2Blackpool6613
3Colchester6812
4Plymouth6712
5Newport County6-212
6Luton6511
7Wycombe6311
8Exeter6310
9Grimsby6210
10Accrington Stanley6110
11Cambridge Utd639
12Carlisle619
13Mansfield608
14Cheltenham6-68
15Crewe617
16Notts County6-27
17Barnet6-36
18Morecambe6-36
19Hartlepool6-35
20Yeovil6-44
21Doncaster6-44
22Leyton Orient6-94
23Crawley Town6-43
24Stevenage6-92

Full Form Table
Prem|Champ|L1|NL|VN|VS
SPL|SC|S1|S2

Latest Results (all divisions)



Question of the Week

Will you attend any Checkatrade Trophy games next season?

All of them
All home games
The odd game
Knock out games
Final only
Total boycott


 

Rights Issue Goes to AGM

By: Rob Sedgwick
Date: 23/07/2000

Rights Issue Goes to AGM

News From 22nd May 2000

Brian Huxford

Grimsby Town FC's board have decided to go ahead with plans to raise £500K from shareholders to contribute towards the cost of the new ground. The board have decided to take the two for one rights issue to July 26th's AGM.

The results of a survey of shareholders has given the board enough encouragement to press ahead with the proposal.

The club had sent out a questionnaire to major shareholders asking if they would be prepared to support the rights issue. Last Friday's deadline for their response has now passed.

Vice-Chairman Bryan Huxford (pictured) said:

"Although there were a lot of people who did not reply, those that did gave us enough encouragement to go ahead."

Most of the former board have sent back their forms saying that they would be prepared to support the rights issue provided it is underwritten by the current board - i.e. any shares not taken up should be bought by the current board.

However, this appears too open-ended for the present directors to agree to.

A suggestion made by former director John Fenty that only a 51 per cent majority is needed to get the rights issue through has been dismissed by Mr Huxford.

While it is true that a basic rights issue does need only a simple majority, the proposed issue is different.as it would take the number of shares past the authorised issue level of 600,000. There are currently 236,900 issued shares and, providing two for each one held takes up the issued shares, the number would rise up to 710,000.
To issue more shares than the authorised ceiling of 600,000, there has to be approval of 75 percent of the shareholding at the AGM.


Add To Facebook


This site is by the fans, for the fans, and we will consider articles on any subject relating to the Mariners whether it be related to current news, a nostalgic look back in the past, a story about a player, a game or games in the past, something about Blundell Park or football in general. Click here to submit your article!


Related Stories

Forum Latest
TitlePostsLatest Post
£170,000000 penalty shoot out24Civvy at last30/05 12:00
Change/add-a-letter/remove-one Word Game thread...27,489Biccys30/05 11:57
Word Association Game40,331topuphere66630/05 11:55
Ryan Bennett at BP13bawarmy30/05 11:54
Siriki Dembele signs for Grimsby Town75Nelly GTFC30/05 11:54
The Two Dannys5Grantham_Mariner30/05 11:53
Ariana Grande concert84Skrill30/05 11:47
Blackpool vs Exeter (League 2 play-off final)14Nelly GTFC30/05 10:50
Are you a small business owner?7MARINERSMAN2230/05 10:36
What's your taste in music then?109cmackenzie430/05 09:03

News  | Features  | Submit Article  |   | 
© 2017 TheFishy.co.uk