New Shares Issue

[macima]

SUFC are issuing new shares in the club. I've just got a letter, brouchure and subscription from from Ron Martin about it. Forms have to be submitted by 5pm 19th Feb.

Some details:

296,666 Ordinary shares of 25 pence each at £6 per share. i.e each share will cost you £6.

Half is payable up front, the remainder by 31st March 2008.

Supporters taking up the offer will be able to reserve their season tickets in advance for the new stadium and will be able reserve their season ticket seat for life.

Minimum 20 Shares = £120 - Half payable upfront (£60) (earlier typo fixed).

This offer is open to season ticket holders, members (existing ordinary shareholders) and those persons registered on the Club's supporters mailing list at 29th Jan 2008 and who have purchased at least one match day sales ticket in each of the 2006/7 and 2007/8 seasons.

Shares can be registered in either your name or your childrens' names.

Regarding the new ground, the Inquiry Inspector finished his report and passed it on to the Secretary of State on 21st Dec 2007. The decision can be expected on or before 6th March 2008.

Mark Mac

 

[Smiffy]

Hmmm, whats the purchase price and is there a minimum amount you have to take on?

 

[davewebbsbrain]

SUFC are issuing new shares in the club. I've just got a letter, brouchure and subscription from from Ron Martin about it. Forms have to be submitted by 19th Feb.

Some details:

296,666 Ordinary shares of 25 pence each at £6 per share.

Half is payable up front, the remainder by 31st March 2008.


Mark Mac

So are they 25p each or £6 each???

 

[Interpol Shrimper]

How do you express interest in buying some?
Who will they have sent the letters out to?

 

[macima]

How do you express interest in buying some?
Who will they have sent the letters out to?

Well this letter was sent to my 6 year old son - so a bit of a balls up there. But he's a season ticket holder. I'm also a seaso and existing share holder, however I've not received this letter addressed to me yet.

Mark Mac

 

[Interpol Shrimper]

Well this letter was sent to my 6 year old son - so a bit of a balls up there.

Sounds like SUFC, bless em :p

 

[macima]

So are they 25p each or £6 each???

6 quid - I've edited the original post.

Mark Mac

 

[palexander]

Yea, I got this today too.

Quite impressive letter and brochure - like where Ron says that if we have any questions then we should just ask him! How nice :-)

Think I may get some shares!

 

[Southminster_Shrimper]

So are they 25p each or £6 each???

25p is the nominal share value....not the price of the share. Most are around that sort of figure for their nominal value.

So £6 will be the cost per share.

 

[class]

Hmmm, interesting timing this....

 

[Firestorm]

Hmmm ....296,666 shares at 25 quid will raise USD 7,416.650

Just about the same amount announced last week as the "gift" promised to the council for development.....

 

[Yer Blues]

whats the best email address to use to request some literature?

 

[MilkeySUFC]

Hmmm ....296,666 shares at 25 quid will raise USD 7,416.650

Just about the same amount announced last week as the "gift" promised to the council for development.....

25 Quid?!?!? They're 6 quid. Raising just over 1.7M quid.

 

[fatshrimp]

Hmmm ....296,666 shares at 25 quid will raise USD 7,416.650

Just about the same amount announced last week as the "gift" promised to the council for development.....

US$?

£1.8mln surely ?

 

[Firestorm]

25 Quid?!?!? They're 6 quid. Raising just over 1.7M quid.

Doh.......... 25p - 6 quid

simple mistake to make when the conspiracy theory mist decends

:thump:

 

[heybridgeshrimper]

stereoscene, I have contacted the club for you regarding this and the best email address is info@southend-united.

You are on the mailing list if you have bought over two tickets in the last two years, season ticket holder ect etc so you will recieve the pack shortly if you are

 

[BLUEBLOOD]

Well this letter was sent to my 6 year old son - so a bit of a balls up there. But he's a season ticket holder. I'm also a seaso and existing share holder, however I've not received this letter addressed to me yet.

Mark Mac

Hmm ... my son is the one in our household that receives the clubs mailouts too, Xmas card and Blues News etc..

 

[Mad Cyril]

This could be just what I need to diversify my pension portfolio.

At the moment I am heavily exposed to Great Wakering Rovers and the Chelmsford Chieftans
.

 

[The General]

There was loads of these feckers about this morning and i was wondering what they were as i didn't get one too!

 

[fredheim_holm]

So to sum up, they're asking for £6 for a 25p share, ie, asking for 24 times the value of the share? Pushing it a tad I must say.