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Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan


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Ashley isn't the sole owner of SD so him suddenly coming into a large amount of spare cash wouldn't affect them in terms of a share buy back AFAIK unless MASH holdings is a SD subsidiary.

 

He could use the cash to buy back shares privately as any other investor or arrange a loan to SD for the amount to buy back the shares but that'd have to be approved by the board.  Although he retains a controlling stake Ashley and SD are separate entities legally, companies do buy backs with cash on hand.

 

Don't know, like, i'm far from an accountant so that might just be nonsense.

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Guest Howaythetoon

Could it have something to do with aspects of NUFC's stores/merchandise which SD has control/ownership of?

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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.

 

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Maybe Ashley suddenly became wealthier (say £300m wealthier) and is now using that money to buy back SD shares.  :whistle:

 

This. Takes SD closer to being MA's private company and will be to the gain of remaining shareholders if it turns out the company is under valued. Less of those pesky independent investors to deal with. IMO, just speculating.

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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.

 

Damn you Matt with your cold business logic :lol:

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