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Shareholders meeting at the De Vere, Fri 23/01/09


derry

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asked on other thread............

 

do you have to own shares in southampton FC to attend? I bought shares in Barclays and Lloyds yesterday.....does that count?

 

Barclays sort of own SFC and I now own a little slice or Barc.....surely on this basis I qualify for a top table seat?

 

p.s PM me if you want me to say a few motivational words during evening of 23/02

 

all the above is genuine

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asked on other thread............

 

do you have to own shares in southampton FC to attend? I bought shares in Barclays and Lloyds yesterday.....does that count?

 

Barclays sort of own SFC and I now own a little slice or Barc.....surely on this basis I qualify for a top table seat?

 

p.s PM me if you want me to say a few motivational words during evening of 23/02

 

all the above is genuine

 

Shareholders.

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But isnt this what the Saints Trust should be doing, they own shares and also have or had shares proxied to them.

 

Yes Jan you are right, what are the Trust doing? how come they are not doing a thing at the most important time in Saints history !

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Yes Jan you are right, what are the Trust doing? how come they are not doing a thing at the most important time in Saints history !

Have you asked them? For all you (and I, as I certainly haven't a clue) know, they might be organising something right now.

 

Just out of interest, who arranged this meeting? I appreciate that time is short, but a day's notice isn't feasible for most people, including me.

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Sorry if I am a bit confused, or sound a bit underwhelmed, but what good can this actually do? Surely if Judas Wilde (and all the other apologists) keep siding with L*we then there is nothing anyone can do to remove him, short of hiring a hitman.

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Have you asked them? For all you (and I, as I certainly haven't a clue) know, they might be organising something right now.

 

Just out of interest, who arranged this meeting? I appreciate that time is short, but a day's notice isn't feasible for most people, including me.

 

Yes Steve I have asked the question, awaiting an answer from Jason !!

Dont know who arranged this, yes a days notice is not feasible, I cannot attend.

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Yes Steve I have asked the question, awaiting an answer from Jason !!

Good luck with that one ;)

 

Dont know who arranged this, yes a days notice is not feasible, I cannot attend.

I should probably add that I think something like this that brings shareholders together - as realistically they're the ones who will be able to effect change infinitely quicker than "ordinary" fans - is a good thing, so long as it's organised and structured correctly.

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A rushed meeting does not, imo, seem the right course of action, outside of the main shareholders what percentage is left ?, I appreciate the percentage may be owned by thousands but exactly what is it ? is it adequate enough if put with LC & MC's to make any kind of impression ? why the hurry anyway, we were in the cart before the AGM so why was that opportunity wasted to organise a meeting thereafter ? all for getting together for positive action but who wnts to listen to the likes of Trant spout further bolllocks about investment because, lets be clear, its all about the money

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It wouldn't surprise me if someone has some thoughts on this kind of front:

 

http://www.shareholderrights.co.uk/disputes_nf.htm

 

Here's an extract:

 

If a dispute arises between shareholders, after considering the small print of the Company’s Articles of Association, probably the next most important legal principle for any shareholder to understand is Section 459 of the Companies Act 1985. The most relevant part of the provision states as follows:-

 

“A member of a company may apply to the court… for an order under this Part on the ground that the company’s affairs are being or have been conducted in a manner which is unfairly prejudicial to the interests of its members generally or of some part of its members…” [emphasis added; a “member” is simply a shareholder]

 

The section is, in itself, worded in a very legalistic manner and many lawyers find it difficult to understand, so what chance does the layman have?

 

What the section seeks to do is protect minority shareholders (those with a 50% shareholding or less) in circumstances where the majority shareholders seek to act in a way which is “unfairly prejudicial” to their interests. So the provision protects minority shareholders from “unfairly prejudicial” conduct, but what is that?

 

It would be impossible to accurately reduce to only a few words the many legal authorities on precisely what conduct is classed as “unfairly prejudicial”, but in very general terms it means that minority shareholders have a right to complain to the court if the majority shareholder(s) run the Company in a manner that damages their position and the worth of their shareholding, often done deliberately and often by misapplying or misusing Company assets. But the complaint cannot be vague or trivial (e.g. “they’re managing the business badly”) and must stand up to some objective analysis. Examples of “unfairly prejudicial” conduct might be using company assets or money for the personal benefit of a shareholder or the majority shareholder(s) paying themselves far more than people in their position could objectively justify.

 

Hell of a hard to prove, mind.

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Have you asked them? For all you (and I, as I certainly haven't a clue) know, they might be organising something right now.

 

Just out of interest, who arranged this meeting? I appreciate that time is short, but a day's notice isn't feasible for most people, including me.

 

 

Steve, with respect, should The Trust not be asking us? This seems to me to be the problem with the Trust - they are like rabbits in headlights, seemingly frozen by every disaster that comes along.

Why haven't they organised anything?

Why haven't they issued a statement?

 

If fans on forums can get their act together why can't they?

 

The longer the silence goes on the more I am sensing they are either incapable or do not want to question the current goings on.

Edited by Fitzhugh Fella
spelling and grammar
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The organiser is called Mike Fenner, a ST holder, email at mikefenner@saveoursaints (presumably .co.uk or .com) It's the address in the Echo.

 

A shareholders association to collect all anti Lowe shareholdings is a good idea. I think more than 50% is owned by non Lowe axis shareholders.

Edited by derry
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The organiser is called Mike Fenner, a ST holder, email at mikefenner@saveoursaints (presumably .co.uk or .com) It's the address in the Echo.

 

A shareholders association to collect all anti Lowe shareholdings is a good idea. I think more than 50% is owned by non Lowe axis ahareholders.

 

I know a Mike Fenner....wonder if its the same one? Anyone know anything about him?

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Hi Bill, Happy new year, you only seem to post on the non football threads, aren't you interested any more.

 

Hi Dave, and to you.

 

Yes, I'm interested but the five games I attended this year depressed the sh*t out of me, and I can't see things getting better until the whole ownership and coaching thing is brought to a head. The alternative is death by a thousand cuts/false economies, which is the way we're heading.

 

I don't see enough games to offer any kind of informed opinion on the footy side but I can wade in on this stuff.

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Hi Dave, and to you.

 

Yes, I'm interested but the five games I attended this year depressed the sh*t out of me, and I can't see things getting better until the whole ownership and coaching thing is brought to a head. The alternative is death by a thousand cuts/false economies, which is the way we're heading.

 

I don't see enough games to offer any kind of informed opinion on the footy side but I can wade in on this stuff.

 

See where you are coming from. It started so well in August and really looked promising, then they stopped playing.

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Steve, with respect, should The Trust not be asking us? This seems to me to be the problem with the Trust - they are like rabbits in headlights, seemingly frozen by every disaster that comes along.

Why haven't they organised anything?

Why haven't they issued a statement?

 

If fans on forums can get their act together why can't they?

 

The longer the silence goes on the more I am sensing they are either incapable or do not want to question the current goings on.

 

Thank goodness for sensible posters. My thoughts to a tee. Well said Duncan. The bold bit has always concerned me I must say.

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Cany anyone confirm what percentage Lowe got at the recent AGM someone has told me that it was in the region of 90+% which would have meant that the either large shareholders ie Leon didnt vote or have I been misinformed with this figure.

 

The figure is correct.

 

For some reason best known to them, the main anti-Lowe shareholders decided to strop out before the vote.

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Cany anyone confirm what percentage Lowe got at the recent AGM someone has told me that it was in the region of 90+% which would have meant that the either large shareholders ie Leon didnt vote or have I been misinformed with this figure.

 

I gather many did indeed abstain. I am sure someone will break it down but as I understand it the figure of 90% reflected those who actually voted.

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So he got 94.5% of the vote to be re-elected which is unbelievable, I know we all voted bfore we left the meeting but then we are ony minor shareholders.

 

But the other major shareholders like Crouch didnt vote.... Lowe spun the result to make it sound like he had overwhelming support and the rest is history.

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A load of people were told that the date in the echo was wrong and it was tonight. I went down to the de vere and there was nothing tonight so assuming its 2moro. Can anyone confirm any god damn details about this meeting, ffs!

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This is something that the Trust should have done weeks ago. Any member of the Trust should be asking just what their contributions are for.

The most inert group of so called supporters I have seen, they appear inept at representing their membrers and appear to be too cozy with the current Board of Directors.

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This is something that the Trust should have done weeks ago. Any member of the Trust should be asking just what their contributions are for.

The most inert group of so called supporters I have seen, they appear inept at representing their membrers and appear to be too cozy with the current Board of Directors.

 

Snowballs2 you are spot on, I asked a commitee member of the Trust this morning what the hell are they doing about this situation I am still waiting for an answer !!

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Sorry if I am a bit confused, or sound a bit underwhelmed, but what good can this actually do? Surely if Judas Wilde (and all the other apologists) keep siding with L*we then there is nothing anyone can do to remove him, short of hiring a hitman.

 

I've been peddling this line for ages and ages, glad to see someone else jesting about it! I really can't see any other effective method! haha. Sometimes the simple approach is often the best...wish Saints understood that. Not using simpletons, just using tried and tested methods. Whilst I don't deplore unconventional methods, I do deplore stupid methods and massive, glaringly foolish risks. Revolutionary...say no more!

 

[i'd like to make it clear to TSW, that whilst I cannot stand the sight of Lowe or Wilde, my comments are tongue in cheek and I don't really condone hiring a hitman to murder the fore-mentioned men...there's loads in Southampton that would do it for free!!]

Edited by Gordon Mockles
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Can someone clarify.

 

Are we talking about shareholders of the SLH? Because I haven't been informed of any meeting.

 

(edit. I didn't think the Saints Trust had shareholders, unless they mean by being a member of The Saints Trust one is a proxied shareholder in SLH.. More confusing)

Edited by eelpie
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