Official club statement - Page 7

windmill · 30-09-2010, 18:42

Quote:

Originally Posted by Tealeaf

It is now over two weeks that a statement was placed on the club website that it was their intention to call an AGM in October. Given that under company law, 21 days notification has to be made prior to that AGM and given that many signed up to the share package a year ago, has anyone yet received formal word of an AGM?

According to the Memorandum and Articles of ASFC Ltd. only the Directors, not the club, can call an AGM and have to give the necessary notice.

The Shareholders can call for an Extraordinary GM if 95% of them are in agreement, also with a period of notice.

Methinks somebody at the club forgot to read the Mem & Arts!

Thin Monkey · 30-09-2010, 18:47

Quote:

Originally Posted by Tealeaf

It is now over two weeks that a statement was placed on the club website that it was their intention to call an AGM in October. Given that under company law, 21 days notification has to be made prior to that AGM and given that many signed up to the share package a year ago, has anyone yet received formal word of an AGM?

It's also over two weeks since Ilyas said, at the public meeting, he'd post his draft constitution for the community trust on this forum in about a week.

Is that an O'Neil week?

cashman · 30-09-2010, 18:47

would that be official?

Tealeaf · 30-09-2010, 19:20

Quote:

Originally Posted by windmill

According to the Memorandum and Articles of ASFC Ltd. only the Directors, not the club, can call an AGM and have to give the necessary notice.

The Shareholders can call for an Extraordinary GM if 95% of them are in agreement, also with a period of notice.

Methinks somebody at the club forgot to read the Mem & Arts!

That's the norm for any articles of association and the repective directors and shareholders roles....I'm just trying to follow up from the posting on the club website a couple of weeks ago.

windmill · 30-09-2010, 20:17

Quote:

Originally Posted by Tealeaf

That's the norm for any articles of association and the repective directors and shareholders roles....I'm just trying to follow up from the posting on the club website a couple of weeks ago.

I appreciate that Tealeaf but part of the club statement read:

"The club has been instructed by its shareholders to call an AGM as early as possible in October and will announce this to all shareholders once the date is set."

So which 95% of shareholders have instructed ASFC Ltd. - not the club?

Stanleymad · 15-10-2010, 12:55

Well Ilyas has spoken to the observer

Plans for a community club ongoing - Accrington Observer

interesting

Doug · 15-10-2010, 13:08

No change then.....;

Long time red · 15-10-2010, 14:38

the Newspaper article states that Mr Khan paid off the majority of the £306K Tax Bill.
Did he?, I thought he made up the short fall, after we:
Put our hands into our pockets( I know wrote out a cheque as did others) or did bucket collections and so on.
How much did he actually put in?
My money was given without stipulations.

lancsdave · 15-10-2010, 14:49

Quote:

Originally Posted by Long time red

the Newspaper article states that Mr Khan paid off the majority of the £306K Tax Bill.
Did he?, I thought he made up the short fall, after we:
Put our hands into our pockets( I know wrote out a cheque as did others) or did bucket collections and so on.
How much did he actually put in?
My money was given without stipulations.

From memory the SOS appeal reached about 95K. Assuming Ilyas & Peter Marsden paid the rest that sounds like the majority to me. Unless of course he only put a fiver in and the rest was made up by the then owners

yonmon · 15-10-2010, 17:47

Quote:

Originally Posted by Stanleymad

Well Ilyas has spoken to the observer

Plans for a community club ongoing - Accrington Observer

interesting

In particular....."There is a deadline though and, while I wish to follow due process, I will not hesitate to protect my interests and the club’s interests by recourse to the clear laws that govern such situations."

and he will !!

Redraine · 15-10-2010, 19:49

Quote:

Originally Posted by yonmon

In particular....."There is a deadline though and, while I wish to follow due process, I will not hesitate to protect my interests and the club’s interests by recourse to the clear laws that govern such situations."

and he will !!

Best thing I've read all week!

DAV007 · 15-10-2010, 20:21

Quote:

Originally Posted by Redraine

Best thing I've read all week!

agree 100%

ukcowboy · 17-10-2010, 02:27

The following really caught my eye:-

"If there is any contention, it is between Eric Whalley and myself," said Khan. "Dave doesn’t have any shares or any stake in the club and he is not an officer of the club.

Well Mr O'Neil, can I just ask what the hell are you still doing there?................I'll expect an answer some time 'next week'........