We have had a few questions about the scheme to buy shares in GTFC and so we have put together a list of FAQ.
How many shares are available?
Within the articles of the club there is no upper limit to the number of shares that can be sold. This is not a new share issue, shares have always been available. What we have found is that many fans did not know they could buy them and if they did they didn’t know how to go about it. The purpose of this campaign is to increase the awareness of both.
How many shares exist?
Before this campaign approx £2.3m have been issued. Of these 43% are owned by J Fenty, 22% by Mike Parker and 14% by Mariners Trust. The remaining 21% are owned by over 1200 separate shareholders.
What type of shares are there?
All shares issued in the club are Ordinary Shares and there have been four different denominations issued over the years, £1, £25, £50 and £100. The vast majority are £100 and these are the only type now available. If you buy £100 worth you will be buying 1 x £100 share, if you spend £200 you will be getting 2x £100 shares etc etc.
Do I have voting rights if I buy shares?
Yes as a shareholder you can attend any shareholder meetings that are called. Generally speaking that is just the Annual General Meeting each year which is held on the last Thursday of November. It is possible that there could be other meetings if any extraordinary business arises. Most votes are show of hands but in the event of a poll vote being needed your vote would be counted on the basis of value held.
Will the club buy back my shares when the situation improves?
No, the club do not buy shares, individuals do. It is possible that you might find someone willing to buy your shares but unlikely. We would not recommend buying shares in the club as an investment. The main purpose to buy them is so that you will own a small piece of the club you love and at the same time you will be helping to protect the club’s future.
Can I purchase shares as a gift?
Yes you can, including to under 18’s. You will just need to provide both your details and the person you are gifting.
Will my certificate arrive framed?
If your share purchase is for £200 or more we have arranged for free framing until the end of July.
For share purchases of £100 you will receive a commemorative certificate and optional framing is available for £25
How do I buy shares?
They can be purchased from the club website here: https://www.extra-gtfc.co.uk/acatalog/-Net-a-Share–Share-Certificate-1227.html#SID=487
Or we have a form on our website which you can complete and e-mail to us at firstname.lastname@example.org, alternatively download the form and send it to us at Mariners Trust, Blundell Park, Cleethorpes DN35 7PY. Here is the link: GTFC shares Application Form
How can I pay for shares?
You can pay in several ways:
1) By cheque made payable to Grimsby Town FC PLC
2)By Debit or Credit Card – Insert details on the form
3)By Bank Transfer to Grimsby Town FC PLC, Sort Code 08-92-99 Account 23626960. If you do this just send us the completed form and make a note that you have paid this way.
4) For those who cannot stretch to paying £100 at once we have introduced a standing order scheme that will allow four equal payments over consecutive months. You can fill in and sign the form and send to us at Blundell Park, Cleethorpes, DN35 7PY or set up the standing order yourself on internet banking and let us know that is what you have done. Once all 4 payments have been received we will proceed with the share purchase for you.
What if I already have Shares? No problem, you will get a separate certificate for your new purchase and these will be added to your existing holding on the share register held by the club.
Any other Questions?
If you have any other questions please e-mail us at email@example.com