CaleyD

It's also important to highlight specifically that should someone gain a controlling stake, then the Supporters Trust voting right is essentially worthless. As it stands they could work with other shareholders on important issues to ensure correct decisions are made. e.g. such a relationship would be required to vote a fan representative on to the board. In a scenario where someone has a controlling stake, such a thing would be entirely at their whim. Even if every other shareholder was to give the Supporters Trust a proxy, they would still be powerless in almost every voting scenario.* It's now or never for the Supporters Trust and fans if they want to protect the current position and have a chance of improving it in future. *The exception being votes thay require more than a simple majority, such as special resolutions, changes to the companies articles and such like, where they could work with others to block undesirable changes.

When it comes to the counting of shares the Supporters Trust voting right means nothing more than the 108 shares that the right is attached to. It is ONLY when those shares are used to vote that they carry the 10% powers assigned to them. This is why it is challenging for the Supporters Trust to do things like call an EGM, nominate someone to the board etc, as these are all moves that require a specific minimum shareholding in the first instance. I'm only presenting a possible scenario under which the statement from the club could be correct in its "majority" claim, and not making any assertion on the likelihood.

A 50% +1 shareholding is required for it to be "majority". The Supporters Trust situation does not change that because they have a "Voting Right" and not a "Shares Right". This only becomes effective when votes are being cast. There are approx 4,000,000 issued shares at present and the board can take that up to 6,000,000 (assuming the resolution was renewed appropriately at an AGM in the last couple of years). If the new investor were to purchase those shares, that would give them a 33% holding. If they were to be given control of the shares sitting with the Football Trust (about 730,000, currently controlled by Muirfield Mills), then they would only need to acquire about 270,000 further shares to get to 50%. Not an insurmountable task. As for dealing with existing directors' loans. That could be taken care of by offering them shares/equity in the parent company, foregoing any claim to money from the battery farm etc.

Devastating news and my thoughts are with his family at this time. It's a hard one to process and as much as the fecker could make life tough for those running the forum at times, it was impossible to dislike him. As with others, I have so many memories and so many stories. Although I'm not sure all of them are for sharing If I had a stamp, I'd lick it in his honour at the match tonight. Rest well you loveable, difficult, old barsteward.

I've kept relatively silent (publicly) on this whole thing, but I sent the following email to the Supporters Trust earlier. Ultimately it is a decision for each individual to make on whether to buy season tickets and merchandise, but they should be FULLY informed on what that means and the risks involved. Unless the supporters' trust has had sight of and verified that a deal is in place (and if they do, tell us), then it's irresponsible for them to be encouraging people to make a purchase. They wouldn't support a boycott for fear of the legal implications, but seem happy enough to put a call out to buy and have fans risk their money?

A week left on this raffle....with all proceeds going to Highland Hospice and Inverness Ice Centre. https://raffall.com/334535/enter-raffle-to-win-ictfc-scottish-cup-flag-hosted-by-donald-johnstone Thank you to everyone who's purchased/donated already.

No ta. The days of banging my head on the wall are behind me...lol

If it just references the cup final, they were done for the final. If it says "winners" then they were done after the final. Some were embroidered, and some were small vinyl lettering.

Thank you.

I am raffling the ICTFC Scottish Cup Pitch Flag from our 2015 Cup Win. I'm taking part in Strictly Inverness 2023 and the proceeds will go towards my fundraising to aid Highland Hospice and Inverness Ice Centre. Tickets can be purchased online from https://raffall.com/334535/enter-raffle-to-win-ictfc-scottish-cup-flag-hosted-by-donald-johnstone The draw will close on 22nd April or when all tickets have been sold....whichever is sooner. Me and my dance partner are also holding a bingo night on 11th March at Cafe V8 - £10 per person. Tickets from - https://www.eventbrite.co.uk/e/prize-bingo-cafe-v8-strictly-inverness-2023-tickets-567034785307

This is not intended as an opinion on what the trust should or should not do. I post this purely for information and because Peter has stated that he stands willing to be corrected. This snippet is from the clubs articles of association. As at the last return, there are 4,902,379 ordinary shares issued. Supporters Trust have 13,658 shares, of which 108 have enhanced rights....leaving 13,550 "ordinary" rights. The enhanced shares are, in todays terms, equal to 490,237 shares....and we then add the 13,550....total 503,787 As per the company articles 900,003 of the ordinary shares carry no voting right, so issued shares with voting powers total 4,002,376 and this gives the trust a voting right of approx 12.6% in real terms This is the second largest single entity voting right which exists within the club right now and far surpasses the total voting right of all current directors combined. The largest shareholding/voting right sits with the ICT Trust (a different entity to the supporters trust). The company articles state no need for club directors to stand down and/or be reelected by rotation. They have the power to appoint new directors and are, at present, entirely self appointed with no elected members on the board. A shareholder resolution can be raised by giving sufficient notice ahead of any general meeting for the election of a board member. The Supporters Trust could do that now if they so desired. The current board do not hold anything like sufficient shares between them to stop that resolution and would need support from others to do so...if they so wished.

For sale on Facebook Marketplace. Nick Ross & Tarmo Kink Scottish Cup Final shirts. https://www.facebook.com/marketplace/item/484063712724522/ https://www.facebook.com/marketplace/item/3071766226387124/

Getting a company car. If I don't get the asking price (or very near) then I'll keep it and put it on retention until I have my own car again at some point in future.

Flag is up for sale at £1000....ovno. Email me on [email protected] if interested. Also, if anyone interested in car number plate CA13Y TH, selling it for £1500....ovno.

And that those with good intentions don't add to the problem by stripping the shelves even faster