MATCH REPORT | A PROMOTION PARTY AT TANNADICE
4th May 2024
Dundee United today held an Extraordinary General Meeting of the company, at which three resolutions were considered.
These were to:-
1)Increase the maximum number of Directors from 7 to 10.
2)Increase the authorised share capital of the company.
3)Authorise the Directors to issue shares up to the amount of the new authorised share capital at any time in the next five years.
All of the resolutions were passed, with no votes cast against. The Club will now proceed with a Rights Issue whereby existing shareholders will have the opportunity to purchase one new share for every share held currently. Any new shares which are not taken up by existing shareholders can then be placed at the board's discretion.
Chairman Eddie Thompson said, "I am delighted that the meeting voted in favour of the resolutions, which form an integral part of our three year strategy. I am pleased to confirm that I will be taking up my proportion of the Rights Issue, thereby investing further in the club. I hope that others will take the opportunity to do the same."
These were to:-
1)Increase the maximum number of Directors from 7 to 10.
2)Increase the authorised share capital of the company.
3)Authorise the Directors to issue shares up to the amount of the new authorised share capital at any time in the next five years.
All of the resolutions were passed, with no votes cast against. The Club will now proceed with a Rights Issue whereby existing shareholders will have the opportunity to purchase one new share for every share held currently. Any new shares which are not taken up by existing shareholders can then be placed at the board's discretion.
Chairman Eddie Thompson said, "I am delighted that the meeting voted in favour of the resolutions, which form an integral part of our three year strategy. I am pleased to confirm that I will be taking up my proportion of the Rights Issue, thereby investing further in the club. I hope that others will take the opportunity to do the same."
