The Celtic Trust - Fan Ownership/Representation

Well that’s one Tory away now anyway lol. “work commitments”

 

Just when you think he canny get any worse.

 

Sneaky board trying to avoid awkward questions by creating unreasonable deadlines…

 

Right up ye Bankier !!!! (And Lawwell)

 

Rapid increase last few days of shares.

What's the reasoning behind this? A lot more folk paying in to the trust, or has someone's been proxy/gifting shares?


Also, what is the number they need to start making bigger impacts again? I dare say we are still unfortunately a million miles from that level

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Rapid increase last few days of shares.

What's the reasoning behind this? A lot more folk paying in to the trust, or has someone's been proxy/gifting shares?


Also, what is the number they need to start making bigger impacts again? I dare say we are still unfortunately a million miles from that level

Sent from my MAR-LX1A using Tapatalk

 

Today's update means they're not far off being in the top 10 of owners; although still well below 1% and neglible in terms of influence on their own.

The aim has always been to work in tandem with legacy shareholders (who own around 19%) to have a greater voice for supporters.

If the Board push ahead with the Higgins appointment then it might be another catalyst for a push in both aspects.

 

They may have 1 more if I can get my head out of my backside.

 

Its taking time but seem to be slowly getting there..


https://www.heraldscotland.com/sport/23912224.celtic-trust-confirms-purchase-10-000-shares/

 

Does subscribing to them generate YOU shares? Or a you simply funding them?

 

So, they do buy shares..

But, shareholders can 'proxy' their shares to them, so they have a bigger voting block..

 

I wouldn't get too excited.

The Celtic Trust now hold 170,000 ordinary shares... even setting aside the convertable preferred (CPO) shares, it's just another 54,440,000 ordinary shares @£1.20 each (current market value... or approx £64,380,000... and provided they can find a seller willing to part with them at that current price - and that price only goes up the closer it gets to reaching the magic number of 50.1% needed... and can raise that to provide enough of a voting-eligible majority shareholding block to take control.

Oh, and yeah. combining DD & the current board's holdings, those holdings combined literally only need one of about half a dozen shareholders that currently possess over approx 1.2% of the overall ordinary shares to block any such move.