Their shareholding is 75%. It dropped to 74.9% when the Dee4life Trust purchased 239,260 shares in Dundee Football Club Limited in September 2020.
From memory FPS wanted to buy all the DFCSS A shares which contain the entrenched rights for a pittance to allow FPS to reach the ‘magic’ 75% + shareholding total.
FPS’s excuse for offering such a derisory sum of money for all the A shares held by DFCSS (known as the Dee4life Trust) is that the value of the Ordinary and A shares in the Dee4life Trust annual accounts had been written down to £1.
This information will now probably blow my cover on Dundee Mad.
I insisted as a Co-opted director of the Dee4life Trust and not just an official volunteer that the true value of the ordinary shares and A shares be listed in the Dee4life Trust annual accounts for the year ending 31st May 2020 with the shares being valued at 1.35p each.
This is the same price per share as FPS use for their ‘Debt for Equity’ share transactions.
I enclose the Dee4life Trust annual accounts for the year ending 31st May 2020 which are freely available to read in the Downloads and Minutes section of the Dee4life Trust website.
https://www.dee4life.com/files/16104...s31May2020.pdf
I suggest that posters pay particular attention to Item 5 - Fixed Assets Investments.
The value of the Dundee Football Club Limited ordinary and A shares held by the Dee4life Trust are valued at £550,785 which is somewhat more than the £8,000 that I seem to remember FPS originally offered for the A shares. The A shares alone are worth £208,916.46 before the entrenched rights are taken into consideration.
I enclose the minutes of the Dee4life Trust AGM which was held on Saturday 12th January 2020 and explains why FPS wanted to purchase the shares held by the Dee4life Trust for a pittance.
https://www.dee4life.com/files/15525...te31.01.19.pdf
If the A shares had been sold the entrenched rights would be lost for ever and there would be nothing to stop us FPS having us ground sharing at Tannadice or changing the colour of strip.