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Transfer Rumours Some big announcement apparently

Discussion in 'Swansea City' started by swan_and_only, Apr 9, 2016.

  1. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Yep , thats about it .The sellers (shareholders ) may put in some protection for those left behind but my understanding their not going to as the yanks want 71% ownership which in turn means they have full ownership rights .
     
    #181
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  2. trundles left foot

    trundles left foot Well-Known Member

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    Will they be In a position to force the sale of the trusts percentage?
     
    #182
  3. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    In terms of the investors, are you sure they are only Yanks?
    i believe they want 75.1% of the Voting Rights. At that level, they can "force through" Special Resolutions

    A special resolution is a resolution of the company’s shareholders which requires at least 75% of the votes cast by shareholders in favour of it in order to pass. Where no special resolution is required, an ordinary resolution may be passed by shareholders with a simple majority – more than 50% – of the votes cast.

    This link may be helpful

    http://www.shareholderrights.co.uk/RightsOfAShareHolder/75.html
     
    #183
  4. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    I don't believe so - but the New People would be in de facto control
     
    #184
  5. DragonPhilljack

    DragonPhilljack Well-Known Member

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    The only time you can set a special resolution aside (By Court order), even though a party have such a 75.1% share holding, is if the vote is for corrupt purposes.......<ok>
     
    #185

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