Two blocks of shares issued by Dundee Football Club Limited

[Dodbroon]

I enclose the Dundee Football Club Limited Filing History from the Companies House website which shows that two large blocks of shares were issued on 9th February 2024. https://find-and-update.company-info...filing-history
The first block was 14,222,222 at 1.35p each which equates £192,000 issued to Gordon Strachan in respect of his consultancy agreement with Dundee Football Club Limited dated 30th January 2023.
The second block was 3,805,716 shares in exchange for a payment due to Football Partners Scotland LLP of £51,377.17.
I have my own thoughts why Dundee Football Club Limited would be due Football Partners Scotland (FPS) this sum of money and I would be interested to read other posters thoughts on both the issue of the blocks of shares and why FPS were due this sum of money which has never happened before during the Dundee Football Club Limited financial year.

The first surely is just Strachan being paid in shares rather than cash and the second turning a debt into equity. Don't see why any problems there.

One thing that I wonder about is why is the share price as low as 1.35p? How many shares are in existence, Islay, it must be an astronomical number. Why not 100 old shares turned into 1 new share with a share price of £1.35? Or do we have a huge number of fans owning only 100 or even 1000 shares worth only a pittance but a nightmare to administer?

[islaydarkblue]

The first surely is just Strachan being paid in shares rather than cash and the second turning a debt into equity. Don't see why any problems there.

One thing that I wonder about is why is the share price as low as 1.35p? How many shares are in existence, Islay, it must be an astronomical number. Why not 100 old shares turned into 1 new share with a share price of £1.35? Or do we have a huge number of fans owning only 100 or even 1000 shares worth only a pittance but a nightmare to administer?

I suggest that you look at the enclosed Filing History where you will read the full list of shareholders at 13th February 2023. It was submitted to Companies House on 29th March 2023