AGM to be held on 3rd September with shareholders asked to vote on a written resolution
The club has today sent invitations to shareholders to attend our AGM. It will be held at the Kassam Stadium on Wednesday 3rd September 2014 at 11:00am.
Included with this invitation is detail of a proposal (called a “written resolution”) to allow the club to issue new “non-voting preference shares”. If approved, this will allow us to accept new funds for use in the running of the club, but in such a way that existing shareholders will not lose their voting rights and whilst also strengthening our balance sheet.
We propose to be allowed, if it is ever appropriate, to be able to make available up to one million of these new shares in the club at £1 each to such persons as the directors may determine. Shareholders have 28 days to vote on this written resolution and may exercise their votes in the manner detailed in the notes to the written resolution.