The Fishy - Grimsby Town FC

Question of the Week

Who will go down?







 

EGM Called For GTFC Share Issue Bid!

By: Bill Osborne
Date: 17/03/2003

GRIMSBYTown Football Club are to call an extraordinary meeting of shareholders for Thursday, April 10, at 10.30am at the Inn On The Park where the directors will be seeking the authority to issue more shares.

The club has a share capital of 630,000 £1 shares but only 236,900 have been issued because attempts to release the shares have been blocked by the shareholders. A 75% majority is needed for the bid to go through.

The club want to sell the remaining 363,000 unissued shares to raise cash.

The Grimsby Telegraph states that the release of the 363,000 'dormant' shares would inject cash into the business as well as increasing its borrowing capacity and there is some optimism that this time it could go through.




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
Thread TitlePostsLatest Post
No Docks Stadium22The Caterham Mariner29/03 12:19
Youth players out on loan23dapperz fun pub29/03 11:38
"Beat the Clock"  Barrow26WOZOFGRIMSBY29/03 11:34
Prediction Thread Barrow A41WOZOFGRIMSBY29/03 11:33
David Artell Interview Dn35 Podcast22GrimPol29/03 10:36
Dn35 podcast drinking game7Yarborough Vaults29/03 07:44
TV Games/Upcoming Fixtures4SiteBot29/03 03:30
Just Back 170diehardmariner28/03 20:03
New Training Ground.!!57Sigone28/03 19:38
Bradford KO time?4JK4728/03 13:13