Shareholder Results

[NLVMalc]

see also: http://northlondonvaliants.co.uk/News.html

 

Press Release - Wednesday 16th March 2011

 

77% of Port Vale shareholders have no confidence in the current board

 

An independent shareholder consultation has established that 77% of shareholder respondents delivered a no confidence vote to the

current board to make the right decisions about future investment in the club. To support this, nearly 85% of shareholder respondents

were also willing to offer their shareholding to call an EGM, demonstrating their overwhelming wish for their voices to be heard.

 

The response to a Port Vale Shareholders Consultation sent out on Monday 28th February is:

1. Do you have confidence in the current board to make the right decisions about future investment in Port Vale FC ?

Yes 16.81% No 77% Abstain 6.19%

 

2. Would you be prepared to use your share holding to call a EGM?

Yes 84.81% No 11.57% Abstain 3.62%

 

3. Would you support the change of the 24.9% rule at an EGM?

Yes 80.24% No 15.93% Abstain 3.83%

 

4. Would you support Mo Chaudry’s bid for 51% of the club?

Yes 73% No 19.58% Abstain 7.42%

 

Undertaken by North London Valiants, the consultation paper received 339 responses (40.5% of shareholders).

North London Valiants is an independent group of supporters, season ticket holders, sponsors and shareholders of Port Vale FC.

 

Malcolm Hirst, campaign spokesperson said “The objective of the paper is to further debate and facilitate more

informed consideration of the shareholders views and allow these to be presented to the board of Port Vale Football club,

shareholders, and broader supporter base.”

Ends

 

 

“Dr Steven Bradbury is a Senior Research Associate at Loughborough University and has undertaken large scale survey research for a

range of national and international bodies, including the Premier League, the Football League, and Sport England and has also recently

undertaken research work for UEFA. He is also the former Chair of Valiants Against Racism. Dr Bradbury has commented that the 40%

response rate to the NLV shareholders survey is much higher than the 15-20% response rate generated on average from postal surveys

of this kind. He also commented that the 40% response rate is especially impressive given the short time scale in which the survey was

undertaken. He concluded that it is unlikely that any club led postal consultation would yeild higher response rates and to that extent the

NLV shareholders survey is likely to produce findings which are statistically reliable, valid and representative of the views of shareholders. ”

[NLVMalc]

A Further statement will be made on Thursday as to actions to be taken as a result of the findings

[NicoInSheppey]

I may have missed somewhere but are the percentages you mention the percentage of shareholders or the percentage of respondants?

 

I really hope it's the former.

[the_tench]

powder keg situation for the directors now !! well done nlv's for verifying what we already knew,surely the end is nigh now.

[shaunio]

Well done NLV in obtaining these results which now should be clear to everyone, that the majority of shareholders want change at Vale Park.

[Spunk Trumpet]

I may have missed somewhere but are the percentages you mention the percentage of shareholders or the percentage of respondants?

 

I really hope it's the former.

 

The percentages are from 40.5% of shareholders who responded.

[Bede]

Brilliant stuff, Malc.

 

I'd love to see the club discredit this, given the comments added and endorsement by Steve Bradbury.

 

Advantage shareholders.

 

Top work NLV. Respect to you all.

[NicoInSheppey]

Sorry guys, if it's of respondents then lets not get too excited cause that's where the board will push back.

[Spunk Trumpet]

powder keg situation for the directors now !! well done nlv's for verifying what we already knew,surely the end is nigh now.

 

Well done NLV in obtaining these results which now should be clear to everyone, that the majority of shareholders want change at Vale Park.

 

60% of shareholders have not participated in this survey.

 

Lets not jump to conclusions.

[the_tench]

60% of shareholders have not participated in this survey.

 

Lets not jump to conclusions.

 

the same 60% are likely to show the same degree of apathy in a real vote i would assume. ===

[Spunk Trumpet]

Brilliant stuff, Malc.

 

I'd love to see the club discredit this, given the comments added and endorsement by Steve Bradbury.

 

Advantage shareholders.

 

Top work NLV. Respect to you all.

 

Youre getting way too carried away Bede.

 

NLV have put a tremendous amount of effort in and they must be thanked but lets not forget we have 60% of shareholders not responding in this survey.

That number is way too much and for that reason the board CAN discredit it and will.

[Jase Sherratt]

Brilliant stuff NLV!!

 

How can the board squirm out of this one now?! Surely the end is nigh.

 

Come on Mo!!!===

[Spunk Trumpet]

the same 60% are likely to show the same degree of apathy in a real vote i would assume. ===

 

Assumptions though.

[Spunk Trumpet]

339 respondants.. 40.5%of shareholders.

 

That makes the current mark at around 850 shareholders contacted, thats 500 that havent replied and then theres the 150 or so that couldnt be contacted.

 

Roughly 650 shareholders yet to reply in this survey.

These are facts.

This means nothing. Yet.

[South West Valiant]

I'd imagine the margin for error is low enough for the results to still be the same even if everyone had voted. Even so, the board will probably try to discredit it and say the majority of people who wanted Mo would have voted, therefore those who didn't vote don't want him.