Thanks to Exile on BBS who has kept an eye on the Hong Kong Registry where the overall holding company of Barnsley FC called Barnsley Investment Company publically publishes any changes. The results of the recent £3.2 million share issue and who bought parts of the dismantled "Investor Group" have now been published.
Neerav Parekh has bought the 9% holding of the New York Hedge Fund manager Zach Schrieber to take Parekh's ownership share from 21.25% to 30.25%
Matthew Edmonds, husband of Julie Quay, has bought the 2.75% holding of the New York Hedge Fund manager Lee Pollock to take JAQ's husband's share from 3.25% to 6%
No other shares changed hands.
The resultant ownership structure is now---
Chien Lee 31.25%
Neerav Parekh 30.25%
Crynes 20%
Conway/ Hung 7.5%
Matthew Edmonds/ JAQ 6%
Joshua Samuelson 5%
The share issue of £3.2 million was taken up by all these investors in proportion to the percentage they owned eg Chien Lee bought all his entitlement of 31.25% additional shares (which he can later sell) costing him just over a million pounds.
The "Investor group" no longer exists. Julie Quay speaks on behalf of the 6% her husband owns. She is, of course part of the majority group on the Board of Parekh, Crynes, Edmondson and Samuelson totalling 61.25% with the Lee/ Conway/ Hung side still there with 38.75%.
The money gained from the sale of £3.2 million additional sales
of shares runs out in January.
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