We have written via email to all Trust members today to seek approval for the purchase of additional shares in the Football Club.
As of this moment in time, we have £1,808 set aside to purchase shares – £1253 has come from monthly donations to the Trust, with a further £555 coming from the Lyerr gig / Podcast night in the Ratcliffe Bar. Given both contributions were exclusively for the purchase of shares, member approval is not required.
However, we are asking members for permission to spend a further £9,942 from Trust funds on shares to allow us to take the share purchase to a total of 5,000 shares in the Club. This will take our total share ownership to 135,634 shares.
As this is a purchase over £3,000, we are duty bound to ask members for their support with this. Should members reject this proposal, we will use the £1,808 to purchase 769 additional shares in the Club. The Trust is currently the biggest shareholder in the Football Club with approximately 14% of the total shares.
In accordance with the Trust constitution, voting is open to all non-junior members and the vote will close at 7pm on Sunday evening.
Please check your inboxes (and spam folder) to take part in the vote. If you have any questions regarding this or you do not receive the email, please email us at info@daletrust.co.uk.