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1Luton61314
2Cheltenham6412
3Accrington Stanley6212
4Wycombe6411
5Colchester6311
6Lincoln City6211
7Newport County6410
8Grimsby6210
9Cambridge Utd6110
10Port Vale629
11Swindon629
12Stevenage6-39
13Notts County608
14Coventry608
15Carlisle6-18
16Yeovil6-17
17Exeter6-37
18Forest Green6-67
19Crewe6-36
20Crawley Town6-35
21Mansfield6-55
22Morecambe6-55
23Barnet6-43
24Chesterfield6-53

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Shareholders Say No To new Share Issue

By: Bill Osborne
Date: 26/11/2001

THE Extraordinary General Meeting of shareholders Grimsby Town Football Club was held today at Blundell Park to vote on the board's proposal to increase the share equity of the club.

The board had listed two options relating to increasing the share issue to be voted on.

    1. To sell shares to anyone on the open market.

    2. The second option to offer current shareholders additional shares based on their present holdings.

Both options required 75% of the shareholders to vote in favour to be carried out and only 59% voted in favour therefore both options were defeated.

Mr Bill Carr former chairman of GTFC called for a poll on each option before voting took place.

As the proposals were defeated, the chairman Mr Peter Furneaux offered to meet those who voted against the proposal to meet him to see if a way forward could be found on the share issue.



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