Originally Posted by
islaydarkblue
According to The Dundee United Football Company Limited 2014 annual accounts 255 new shares were issued at a cost of £33 each.
The value of the shares in the latest set of accounts which is 30th June 2017 the current value of a share is now £28.57. Formula for calculation of the share price is adding the amount in the Called up share capital account plus the Share Premium account divided by the number of shares issued.
The latest list of shareholders as at 10th May 2017 shows Stephen Thompson owning 51,130 shares which at £28.57 equates to a value of £1,460,784.10 put I suspect that the consortium would have to pay a premium on the £28.57 share price to persuade Stephen Thompson to sell his shareholding to them.
Eventually someone will “spill the beans” on the price paid for MMJ’s shares.
One thing is certain despite what the Chairman says this money which could have been given to the club has gone to MMJ.