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Couple of questions

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80sglory
September 19, 2011, 11:05pm
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1) What was Parkers shareholding BEFORE he increased it to just under 54% ? Over 50% or not ?

2) Does Parker increasing his shareholding give him added voting rights ? If so when are they used ? At the AGM ?

If anyone knows the answers I'd be grateful....
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bax
September 19, 2011, 11:10pm
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The answer to 1) is less than 50%. It was the exact same as Fenty, but had to be less than 50 as there are other shareholders. Don't know about 2).
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Meza
September 19, 2011, 11:13pm

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Can Mike Parker choose his own board members does this depend on if they were bought out?

Didn't it say in the GET that JF will remain in the boardroom but taking a back seat if so surely this would cause a conflict of interest being an ex Chairman?


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80sglory
September 19, 2011, 11:47pm
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Thanks bax

Meza, good questions !
All I know is the boardroom is "one member one vote" but I'd love to know those answers too !
How do you get the clingers on out of the boardroom if they don't want to go ?
I also don't understand how Fenty's offer to Parker to be chairman necessarily changes anything IF the board are "with Fenty" ?
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petethemariner
September 19, 2011, 11:58pm
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IMO there is no chance Parker would work with Elsom and Chapman as board members - pls  correct me if i am wrong, but wasn't it them exerting their  voting 'rights', despite their alleged miniscule financial investments in the club compared to Parkers, and  also their rumoured  'ties' to JF, that made him cut and run from the board earlier this year?
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tarka
September 20, 2011, 12:01am
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Members of the Board who are up for re-election will put themselves forward at the next AGM on a show of hands.  I assume that if Mike Parker disapproves of any vote he can ask for a vote where shares are taken into account.
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80sglory
September 20, 2011, 12:05am
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How many shares do you need to put your hand up/vote at the AGM ?
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tarka
September 20, 2011, 12:06am
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I don't think there is a minimum.
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petethemariner
September 20, 2011, 12:10am
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I could be wrong Tarka, because i freely admit i do not know the corporate way that Boards work, particularly GTFC's,
but my own take, rightly or wrongly from MP's departure  from the board was a grievance with the 1 man 1 vote of the board, irrespective of shareholdings and the  inference that Elsom and Chapman were there purely to support JF in such an arrangement.
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STB
September 20, 2011, 12:10am

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Was Mike Parker, the Parker off Thunderbirds?


Former lover of all things GTFC . . .
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