The Real Battle Begins?

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@goosy The shares on offer are Ordinary Shares, these are the …

Comment on The Real Battle Begins? by SouthernExile.

@goosy

The shares on offer are Ordinary Shares, these are the only class of shares, they all have the same voting rights….. see dialogue with campsiejoe above.

SouthernExile Also Commented

The Real Battle Begins?
@campsiejoe

I think we are both right.

The company being floated is RIFC and has a single class of shares with equal voting rights.

TRFC is a wholly owned subsidiary, so the issue of voting rights is rather moot.

There is the danger, as others have pointed out, that RIFC might decide to get out of the football business at some point in the future and start, say, making widgets…..not exactly what the fan/investor had anticipated when he parted with his money.


The Real Battle Begins?
@campsiejoe (and many others)

Re the prospectus:

There seems to be only one class of shares – Ordinary Shares – which all have the same voting rights:

“No holder of Ordinary Shares has voting rights that differ from any other holder of Ordinary Shares and no Shareholder is deemed to have direct or indirect control of the Company.”

Where has the “non-voting” notion come from?


The Real Battle Begins?
@campsiejoe (and many others)

There seems to be only one class of shares – Ordinary Shares – which all have the same voting rights.

“No holder of Ordinary Shares has voting rights that differ from any other holder of Ordinary Shares and no Shareholder is deemed to have direct or indirect control of the Company.”

Where has the “non-voting” notion come from?


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