Club statement

[HuddersfieldDee]

It seems to me the statement says or implies:
1. A shares are not required for tax relief, but 75pc shareholding is.
2. FPS were going for a share issue to achieve that.
3. DFCSS said why not do this instead.
4. FPS agreed that was a simpler route.
5. Negotiations dragged on.
6. Merger has never been discussed or contemplated.
7. DFCSS are responsible for merger scare stories.
How much of that is true?

[islaydarkblue]

It seems to me the statement says or implies:
1. A shares are not required for tax relief, but 75pc shareholding is.
2. FPS were going for a share issue to achieve that.
3. DFCSS said why not do this instead.
4. FPS agreed that was a simpler route.
5. Negotiations dragged on.
6. Merger has never been discussed or contemplated.
7. DFCSS are responsible for merger scare stories.
How much of that is true?

There is nothing to stop FPS purchasing 7.7% of the ordinary shares held by DFCSS which would allow them to acquire a 75% shareholding in Dundee Football Club Limited which would allow them to alter the Articles of Association.
There is no need for FPS to purchase the A shares from DFCSS unless they have a hidden agenda.