Pons Alias Posted January 8, 2018 Share Posted January 8, 2018 Bottom of this page: https://beta.companieshouse.gov.uk/officers/cNei33fFz49_qFock3vFyKvACWo/appointments Link to post Share on other sites More sharing options...
The Bard of Byker Posted January 8, 2018 Share Posted January 8, 2018 Chill! The company dissolved was PCP CAPITAL PARTNERS LIMITED. PCP CAPITAL PARTNERS LLP are still active. Link to post Share on other sites More sharing options...
Shearergol Posted January 8, 2018 Share Posted January 8, 2018 Chill! The company dissolved was PCP CAPITAL PARTNERS LIMITED. PCP CAPITAL PARTNERS LLP are still active. It's on. Celebrate. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 8, 2018 Share Posted January 8, 2018 I think it might have been reported if the company had dissolved like Link to post Share on other sites More sharing options...
Robster Posted January 8, 2018 Share Posted January 8, 2018 If Ashley's final act of vengeance is to send us all insane then I think it's working. Link to post Share on other sites More sharing options...
Guest Posted January 8, 2018 Share Posted January 8, 2018 Ashley this morning: There's something I wanted to talk to you about actually, Rafa. It's not good news PCP supernova-ed, there's nothing left of it apparently, happened about 4 million years ago. Link to post Share on other sites More sharing options...
Toonjam88 Posted January 8, 2018 Share Posted January 8, 2018 Anyone with good business knowledge and share knowledge look at this https://beta.companieshouse.gov.uk/company/06035106/filing-history specifically the resolution on the 4th Jan. I think its about that buy back for the shares and looking at it it's not a small amount they are allowed to buy 79,385,385 shares at a minimum price of 10p. That's not a small amount. It also says its 14.99% of ordinary shares in the company. Link to post Share on other sites More sharing options...
NUFC_Chris Posted January 8, 2018 Share Posted January 8, 2018 If Ashley's final act of vengeance is to send us all insane then I think it's working. http://www.banktoptavern.co.uk/wp-content/uploads/2015/04/wibble.jpg Link to post Share on other sites More sharing options...
Chris_R Posted January 8, 2018 Share Posted January 8, 2018 Anyone with good business knowledge and share knowledge look at this https://beta.companieshouse.gov.uk/company/06035106/filing-history specifically the resolution on the 4th Jan. I think its about that buy back for the shares and looking at it it's not a small amount they are allowed to buy 79,385,385 shares at a minimum price of 10p. That's not a small amount. It also says its 14.99% of ordinary shares in the company. £3.50 each today, so 80 million shares = £280m. Anyone else heard numbers in the region of £300m bandied about anywhere recently?? Link to post Share on other sites More sharing options...
1964 Posted January 8, 2018 Share Posted January 8, 2018 So what does this tell us? Link to post Share on other sites More sharing options...
ianovthetoon Posted January 8, 2018 Share Posted January 8, 2018 What’s Ashley’s current shareholding in Sports Direct? Link to post Share on other sites More sharing options...
Cristov Posted January 8, 2018 Share Posted January 8, 2018 What’s Ashley’s current shareholding in Sports Direct? approx 61% Link to post Share on other sites More sharing options...
Toonjam88 Posted January 8, 2018 Share Posted January 8, 2018 So what does this tell us? Who the fuck knows ;D :crazy2: Link to post Share on other sites More sharing options...
Kasper Posted January 8, 2018 Share Posted January 8, 2018 So what does this tell us? Double bump. Bump. Those are resolutions passed at the AGM and are similar to those passed in previous years. They expire each year and must be renewed. The disapplication of preemption rights gives the company flexibility to raise new cash through issue of new shares quickly without going through a full public placement- for example if the opportunity arises to buy another business but such a deal must be done within a short timeframe. The AGM notice states no such transaction is currently envisaged in the opinion of the Board (which includes MA). SD have a rolling share buyback programme, which again must be authorised by shareholders annually. So it all means very little. Link to post Share on other sites More sharing options...
jonny1403 Posted January 8, 2018 Share Posted January 8, 2018 I work in corporate law - the above probably means nothing. As has been mentioned these resolutions are done on an annual basis (usually just tacked on to the end of the company's AGM) and are done purely for flexibility should the need to buy/sell shares arise in the future. There's an annoying pre-emption procedure built into the Companies Act that these resolutions are designed to bypass. If you check through SD's filing history you'll note similar resolutions were passed on 26 Sep 2016 and 26 Sep 2015. It's probably a similar story with Cantervale Limited - companies can be established at Companies House for £40 a pop and many of our clients do so at various intervals just to reserve a name for a deal that might or might not happen in 18/24 months - sometimes the company is never used at all and lies dormant for years. Link to post Share on other sites More sharing options...
Toonjam88 Posted January 8, 2018 Share Posted January 8, 2018 :'( Link to post Share on other sites More sharing options...
number9shirt Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... Link to post Share on other sites More sharing options...
Kaizero Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... ...prostitution! Link to post Share on other sites More sharing options...
HaydnNUFC Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... Alan Barnes. Link to post Share on other sites More sharing options...
Shays Given Tim Flowers Posted January 8, 2018 Share Posted January 8, 2018 Don't think its too much of a leap of faith to infer that there is still clear water on the purchase price. Certainly would explain why it has been difficult for PCP to make any funds available for this window. PCP investing in the window would in theory increase the chances of NUFC staying up which in turn would increase the value of the club and as such increase the purchase price MA wants for the club. The uncertainty surrounding the league status makes it a tricky negotiation for both sides Link to post Share on other sites More sharing options...
Kasper Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... My understanding is that they buy shares back all the time. Link to post Share on other sites More sharing options...
1964 Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... But as has been said they need to do this buy back thing annually. The interesting comparison would be against last year's buy back position Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 8, 2018 Share Posted January 8, 2018 Just been to my local Sports Direct and they’re advertising for new staff. So I asked the lady at the tills if they were advertising for new staff because they have had a recent cash windfall through an injection of £300m. The lady didn’t say anything, just winked at me. ITS ON!!!!!! Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted January 8, 2018 Share Posted January 8, 2018 Just been to my local Sports Direct and they’re advertising for new staff. So I asked the lady at the tills if they were advertising for new staff because they have had a recent cash windfall through an injection of £300m. The lady didn’t say anything, just winked at me. ITS ON!!!!!! Enough about your sex life with Gladys from SD, what does it mean for the takeover? Link to post Share on other sites More sharing options...
Carlito Posted January 8, 2018 Share Posted January 8, 2018 If mike is buying back shares in sd then there is only one way he got the money.... ...prostitution! https://www.youtube.com/watch?v=wFsfTdAdN9s Link to post Share on other sites More sharing options...
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