London Bulls have released a letter which confirms the position about the Trust's voting rights in the proposed Hereford FC.
To: London Bulls
Chris Williams, the HUST chairman met with a group of us on the 14th of January, and is concerned that a piece of information given to supporters that evening is inaccurate. He stated that the voting rights from our entire allocation would available from day one, irrespective of the amount actually purchased. He has subsequently discovered that he and the HUST board were labouring under a misapprehension and this is not the case, so to clarify.
50% of shares in Hereford FC will be ring-fenced, and available for purchase only by HUST. However, HUST voting rights will only be for the amount of shares owned at that particular point in time.
Please be assured that this was simply a misunderstanding, but the HUST board feel it vitally important to remain open and honest in all of their actions and communications, and that as soon as the error was discovered, it was made public.
Many thanks.
Mitchell Stansbury - London Bulls HUST liaison. .
Chris Williams, the HUST chairman met with a group of us on the 14th of January, and is concerned that a piece of information given to supporters that evening is inaccurate. He stated that the voting rights from our entire allocation would available from day one, irrespective of the amount actually purchased. He has subsequently discovered that he and the HUST board were labouring under a misapprehension and this is not the case, so to clarify.
50% of shares in Hereford FC will be ring-fenced, and available for purchase only by HUST. However, HUST voting rights will only be for the amount of shares owned at that particular point in time.
Please be assured that this was simply a misunderstanding, but the HUST board feel it vitally important to remain open and honest in all of their actions and communications, and that as soon as the error was discovered, it was made public.
Many thanks.
Mitchell Stansbury - London Bulls HUST liaison. .