Originally posted by BP33
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On 21st May 2019 a shareholders General meeting was held where is was agreed after a vote that the authorised share capital was increased from £2 million to £4 million. It was stated at this meeting that the authorised share capital would not increase for five years.
On 31st May 2019 FPS carried out a debt for equity share transaction swapping £550,000 of debt for shares and the £550,000 of debt was cancelled.
There have been no debt for equity share transactions since FPS acquired a 75% shareholding a couple of years ago but that might change if the authorised share capital is increased from £4 million to £8 million.
All these debt for equity share transactions has the effect of devaluing the shareholdings of every other Dundee Football Club Limited shareholder.

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