East Stander 0 Posted May 25, 2007 Share Posted May 25, 2007 In case this was lost in the other thread: 25 May 2007 NEWCASTLE UNITED PLC: STATEMENT RE ST JAMES HOLDINGS LIMITED ("SJHL") Further to the announcement by Newcastle United PLC ("Newcastle United" or "the Company") on 23 May 2007 regarding the mandatory cash offer of 100 pence per ordinary share for the Company from SJHL (the "Offer"), the Board of Newcastle United wishes to provide an update on the situation. The Board of Newcastle United has met to discuss the SJHL offer and has requested an early meeting with Mike Ashley and his team and look forward to discussing the Offer and his plans for Newcastle United in more detail. It is hoped that this meeting will take place next week. A further announcement will be made in due course. Link to comment Share on other sites More sharing options...
newcastlebroon 0 Posted May 25, 2007 Share Posted May 25, 2007 In case this was lost in the other thread: 25 May 2007 NEWCASTLE UNITED PLC: STATEMENT RE ST JAMES HOLDINGS LIMITED ("SJHL") Further to the announcement by Newcastle United PLC ("Newcastle United" or "the Company") on 23 May 2007 regarding the mandatory cash offer of 100 pence per ordinary share for the Company from SJHL (the "Offer"), the Board of Newcastle United wishes to provide an update on the situation. The Board of Newcastle United has met to discuss the SJHL offer and has requested an early meeting with Mike Ashley and his team and look forward to discussing the Offer and his plans for Newcastle United in more detail. It is hoped that this meeting will take place next week. A further announcement will be made in due course. champion Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 25, 2007 Share Posted May 25, 2007 Superb !!! Link to comment Share on other sites More sharing options...
Geordie Boyo 24 Posted May 25, 2007 Share Posted May 25, 2007 tbh. Link to comment Share on other sites More sharing options...
East Stander 0 Posted May 25, 2007 Author Share Posted May 25, 2007 (edited) FWIW my guess on this is that the board know/have been told that Ashley has been promised already more than 50% of the shares. As an aside, 390,000 shares were sold right at the end of trading today. Edited May 25, 2007 by East Stander Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 25, 2007 Share Posted May 25, 2007 http://news.bbc.co.uk/sport1/hi/football/t...ted/6693039.stm Newcastle's board has requested a meeting next week with the club's potential new owner Mike Ashley. United's board want to discuss in more detail Ashley's offer and plans for the club following his acquisition of Sir John Hall's 41.6% stake. On Wednesday, Hall told BBC Radio Newcastle: "We've had quite a few people come to us, but many of them weren't right. "I feel Ashley and his team are right. He'll take us to a new dimension." Hall added: "I'm certain he'll be good for the club or I wouldn't have sold to him." Ashley purchased the Hall family's stake for £55m with the ultimate aim of clinching a complete £133.1m buy-out of chairman Freddy Shepherd and the remaining shareholders. Shepherd, who has a 29.8% stake in the club, is thought to be shocked by recent events, but Hall has backed Ashley - who made his fortune through sportswear firm Sports World. "He knows the passion of the fans, he knows how much it means on Tyneside," Hall said. "I've talked to him enough to be assured they've got the passion for the club as we all have. "You can't run a club without being attached to it. You can't run a club without feeling for it because it is about people, it's about the passion of the people. "He knows the supporters are passionate." Shepherd and the Newcastle board are due to meet shortly to consider Ashley's offer of 100p per share. WHAT HAPPENS NEXT? Ashley needs a 50% share to take control of the club, including who sits on the board That means Shepherd could lose control of the club even if he does not sell his 29% stake Ashley needs Shepherd's shares in order to reach the 75% required to delist the club from the Stock Exchange If Ashley manages to buy more than 50% of shares, he will have day-to-day control of the club and if he gets to 75%, he will be able to delist the club from the Stock Exchange. Hall will remain involved at St James' Park as life president but admitted the time was right for him to step aside. He said: "I think I've done the best thing but one can never tell. I'm 74 now and for some time I've felt the family need to take a new direction. "It's been known we've wanted to sell our shares and move on to other things. "We probably ran out of ideas a bit. You've got to make changes every now and again. "There's no room for old men. I've got a lot of experience but it's a young man's game." Link to comment Share on other sites More sharing options...
2bias 3 Posted May 25, 2007 Share Posted May 25, 2007 gun be a good change, third richest club in league Link to comment Share on other sites More sharing options...
newcastlebroon 0 Posted May 25, 2007 Share Posted May 25, 2007 FWIW my guess on this is that the board know/have been told that Ashley has been promised already more than 50% of the shares. As an aside, 390,000 shares were sold right at the end of trading today. source? Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 25, 2007 Share Posted May 25, 2007 FWIW my guess on this is that the board know/have been told that Ashley has been promised already more than 50% of the shares. As an aside, 390,000 shares were sold right at the end of trading today. source? http://www.londonstockexchange.com/en-gb/p...XSEQ10657279NCU Link to comment Share on other sites More sharing options...
East Stander 0 Posted May 25, 2007 Author Share Posted May 25, 2007 FWIW my guess on this is that the board know/have been told that Ashley has been promised already more than 50% of the shares. As an aside, 390,000 shares were sold right at the end of trading today. source? This is Money website: link: http://investing.thisismoney.co.uk/cgi-bin...ername=&ac= Link to comment Share on other sites More sharing options...
JawD 99 Posted May 25, 2007 Share Posted May 25, 2007 (edited) To make that a little clearer. Get me calculator out.... Ashley spent £55M on 55,000,000 shares (£1 per share) and this valued the club then at £133M meaning there are 133,000,000 shares in the club. So 392,715 shares (/133M) would be 0.295% Of course, we dont know who bought these shares.... ish Edited May 25, 2007 by JawD Link to comment Share on other sites More sharing options...
TheMoog 0 Posted May 25, 2007 Share Posted May 25, 2007 So near and yet so far... why can't they just get it done and dusted so we can start buying players and rebuilding the club?! Always the same, they have to drag their arse over everything, we could be missing out on bargains because of these stupid delays! Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 25, 2007 Share Posted May 25, 2007 Lets hope there is more trading on monday. Link to comment Share on other sites More sharing options...
Gemmill 47252 Posted May 25, 2007 Share Posted May 25, 2007 Sounds fairly positive. Hopefully this meeting next week is productive and we can move on and get this deal pushed through. Link to comment Share on other sites More sharing options...
Dr Kenneth Noisewater 0 Posted May 25, 2007 Share Posted May 25, 2007 Lets hope there is more trading on monday. Don't think the stock market will be open on a bank holiday. Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 25, 2007 Share Posted May 25, 2007 Lets hope there is more trading on monday. Don't think the stock market will be open on a bank holiday. Good point. Link to comment Share on other sites More sharing options...
Gejon 2 Posted May 25, 2007 Share Posted May 25, 2007 Was thinking you lot take yourselves a bit too seriously when I read the title! Link to comment Share on other sites More sharing options...
Radgina 1 Posted May 25, 2007 Share Posted May 25, 2007 Was thinking you lot take yourselves a bit too seriously when I read the title! I thought that too but in my defence I am pissed Link to comment Share on other sites More sharing options...
newcastlebroon 0 Posted May 25, 2007 Share Posted May 25, 2007 Was thinking you lot take yourselves a bit too seriously when I read the title! I thought that too but in my defence I am pissed mash-tastic Link to comment Share on other sites More sharing options...
Isegrim 10033 Posted May 25, 2007 Share Posted May 25, 2007 Lets hope there is more trading on monday. Don't think the stock market will be open on a bank holiday. Good point. I don't think we will see much action early next week. The written offers will only be sent to the shareholders sometime next week and then more trading in respect the offer from Ashley is likely to be seen. Link to comment Share on other sites More sharing options...
The Fish 11090 Posted May 26, 2007 Share Posted May 26, 2007 Lets hope there is more trading on monday. Don't think the stock market will be open on a bank holiday. Good point. I don't think we will see much action early next week. The written offers will only be sent to the shareholders sometime next week and then more trading in respect the offer from Ashley is likely to be seen. somebody already mentioned this... as a shareholder, will I get a nice letter through the post asking to buy my share? I think I'd quite like to keep a letter like that as a memento Link to comment Share on other sites More sharing options...
East Stander 0 Posted May 26, 2007 Author Share Posted May 26, 2007 Lets hope there is more trading on monday. Don't think the stock market will be open on a bank holiday. Good point. I don't think we will see much action early next week. The written offers will only be sent to the shareholders sometime next week and then more trading in respect the offer from Ashley is likely to be seen. somebody already mentioned this... as a shareholder, will I get a nice letter through the post asking to buy my share? I think I'd quite like to keep a letter like that as a memento You certainly will, towards the end of next week. All shareholders, no matter how many shares they own, will get the offer/letter. Link to comment Share on other sites More sharing options...
Jimbo 175 Posted May 29, 2007 Share Posted May 29, 2007 Pretty minor activity on the stockmarket so far today. http://investing.thisismoney.co.uk/cgi-bin...ername=&ac= Link to comment Share on other sites More sharing options...
East Stander 0 Posted May 29, 2007 Author Share Posted May 29, 2007 Pretty minor activity on the stockmarket so far today. http://investing.thisismoney.co.uk/cgi-bin...ername=&ac= Aye, the documents sent to shareholders today officially informing us of the Hall deal and takeover, confirm that anyone who deals in 1% or more of the shares now have to publicily declare their buying or selling by 3.30pm of the next business day. So if either Ashley or fatty make a transaction now they have to declare it as they already have more than 1% of an interest. So if they were involved with the 390,000 shares dealt on Friday then we'll know at end of business today. Link to comment Share on other sites More sharing options...
JawD 99 Posted May 30, 2007 Share Posted May 30, 2007 Mike Ashley could be trumped by a mystery rival for ownership of Newcastle United. The Sun says Freddy Shepherd has won a big ally in his battle with Ashley. A multi-millionaire friend of Toon chairman Shepherd is said to be considering offering £1.25 per share in a bid to trump Ashley's valuation of £1. Ashley has bought 41.8 per cent of the club from former owner Sir John Hall but needs 75 per cent of the shares for complete control. Firstly, its from tribal footy, so take it with a huge pinch of salt. However, it would be just like FF to pull a stunt like this.... Link to comment Share on other sites More sharing options...
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