onevalefan.co.uk Present Past Specials About Forum
Jump to content
onevalefan.co.uk forum

Advert


Advert


Egm

Lady_Vale

By Lady_Vale
in Port Vale present

Recommended Posts

NLVMalc Newbie

NLVMalc

Posted
Posted
2VB.

 

Without giving too much away, I thought the minimum was that a ltd co must have at least 1 director?

 

Does a general meeting allow for that to be different?

 

A company without directors would be subject to being wound up. However, it is my understanding this is a last option and Companies House would allow time for the situation to be resolved before taking action.

Link to comment
Share on other sites

Advert

NLVMalc Newbie

NLVMalc

Posted
Posted
Do you have to be a shareholder to attend EGM or can interested fans go as well.

 

You need to a shareholder, or to act as a proxy for a shareholder, so if you know someone who owns shares but cannot attend ask them.

 

NLV will be writing out to shareholders as soon as the General Meeting is called, you may be able to attend as a proxy via us. More on this later on in the month.

Link to comment
Share on other sites
NLVMalc Newbie

NLVMalc

Posted
Posted
How many does Vice Presidents Suite hold though I thought it was 300 max?

 

I believe it's only 250 - rumour has it the club will call the meeting during half-term and at 3pm in the afternoon. This might reduce numbers a little. However, I hope the club choose a venue capable of holding 300-400 people. The Moat House would be an ideal venue not too far from Vale Park

Link to comment
Share on other sites
Caroline Oakes Apprentice

Caroline Oakes

Posted
Posted
I believe it's only 250 - rumour has it the club will call the meeting during half-term and at 3pm in the afternoon. This might reduce numbers a little. However, I hope the club choose a venue capable of holding 300-400 people. The Moat House would be an ideal venue not too far from Vale Park

 

Can anything be done regarding the date and time? Can it be challenged in any way?

Link to comment
Share on other sites
NLVMalc Newbie

NLVMalc

Posted
Posted
Can anything be done regarding the date and time? Can it be challenged in any way?

 

Sadly not. I did enquire about it. However, we can still get the proxy votes of any who can't make it and be a conduit for others to attend.

 

It could end up backfiring on the board ===

Link to comment
Share on other sites
Warren Veteran

Warren

Posted
Posted
Special Resolutions require 75% pass. This includes changing the 24.9% barrier, bringing down the share ownership qualification to be a director from £50K to £10K.

 

To vote the board off only needs 50% +1.

 

If we fail in the vote to reduce the share qualification, and succeed in removing the board this would leave the club without any directors.

 

The board will try to say that this is illegal. However, it is legal, although serious.

 

Companies House would give leeway for this to be resolved. New shares could be issued without being blocked and therefore new directors would be able to be voted on.

 

Job done!

 

My understanding is that two directors are required for a company of the nature of Port Vale. I can imagine that some administrative time will be given but the club would not be in a position to make decisions at board level during that time unless the resigning directors / discharged directors stay on until the situation is regularized.

Link to comment
Share on other sites
NLVMalc Newbie

NLVMalc

Posted
Posted
My understanding is that two directors are required for a company of the nature of Port Vale. I can imagine that some administrative time will be given but the club would not be in a position to make decisions at board level during that time unless the resigning directors / discharged directors stay on until the situation is regularized.

 

It could be very interesting times - directors voted off by Vale fans. Would they and their support group risk sending the club into oblivion in a desperate attempt to hold on to power?

 

I remember having a conversation with someone who quoted Bill Bratt as saying if people bought shares the board would never go to a poll vote?

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Reporting Posts and other information

    Rules - This forum is moderated but the admin team don't read everything. Don't assume we'll spot rule breaking and alert us by reporting content. Logged in users can hover over the post and click the orange button. Guests can contact us here. If you don't get on with another user you can "ignore" them. Click this link, type in their username and click save. Please check with the admin team if you wish to sell/auction any items. We're happy to support good causes but check first.

    Use - This forum may not be suitable for all as it may contain words or phrases not considered appropriate for some. You are personally responsible and potentially liable for the contents of your posting and could face legal action should it contain content of a defamatory or other illegal nature. Every message posted leaves a traceable IP number. Please do not reveal any personal information about yourself or anyone else (for example: phone number, address or email address). This forum is not in any way affiliated with Port Vale FC. OVF reserve the right to edit, delete, move or close any thread for any reason. If you spot an offensive post please report it to the admin team (instructions are above).

    Adverts - This site occasionally a) has adverts and sponsored features about gambling b) accepts sponsored posts from third parties. If you require help and advice on gambling read these links: Information on protecting young people | Addiction help from gambleaware.co.uk

  • Friends of OVF

Advert



×
×
  • Create New...