| Future dividends and the Trust 10:23 - Dec 8 with 5708 views | exiledclaseboy |
Following on from some comments in another thread about the Trust and how it takes decisions, a hypothetical question. If the Board decided to pay itself further dividends in the future, how should the Trust vote? And further to that, should the Trust's board take the decision on our behalf or should there be a vote of members to decide how the Supporter Director should vote? |  |
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| Future dividends and the Trust on 10:33 - Dec 9 with 537 views | Uxbridge |
| Future dividends and the Trust on 10:23 - Dec 9 by johnlangy |
From what I remember of the share buying option should someone seek to sell their shares is that the first option goes to the rest of the current shareholders. They each have an option to buy as many of the shares on offer to maintain their percentage ownership in relation to the other shareholders.
Easy numbers 'cos it's too early for me to think. Someone decides to sell their 10%. The rest of the shareholders own 90% and are eligible to buy a proportion of that 10% in relation to how much of the remaining 90% they own. For the Trust that's 2 ninths which relates to 2.222%.
Some shareholders may decide they don't want to, or can't afford to, buy their allowance in which case the remaining shareholders can buy those outstanding shares again in proportion to the shares they currently hold.
Money used to be the problem for the Trust. Could they afford to buy. With share divis they now have £400,000 plus in the Bank and each divi provides the potential for the Trust to be able to maintain, or even increase, their percentage.
All that means that shareholder dividends aren't always a bad thing.
There may be one or two holes in all that but my head's hurting now. I need a rest. |
I don't know if there's a pro rata arrangement for buyback of existing shares. Possible but first I've heard if true. I know this is the case for new shares though, as it should be.
I agree the Trust getting 200k a time is the silver lining in all this. |  |
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| Future dividends and the Trust on 11:39 - Dec 9 with 512 views | PaulTManuel |
| Future dividends and the Trust on 10:33 - Dec 9 by Uxbridge |
I don't know if there's a pro rata arrangement for buyback of existing shares. Possible but first I've heard if true. I know this is the case for new shares though, as it should be.
I agree the Trust getting 200k a time is the silver lining in all this. |
I think that error was resolved above. Your seconders would be trust members, not board members.
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