Reading FC ltd company announcement

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Royals and Racers
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Reading FC ltd company announcement

by Royals and Racers » 02 Oct 2017 16:08

I today received notification of an announcement to the city.
Return of allotment of shares
capital changed
was 9,550,000.00
now 24,592,980.00

is this anything A new B important ??

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winchester_royal
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Re: Reading FC ltd company announcement

by winchester_royal » 03 Oct 2017 14:16

All it'll be is the club issuing new shares to the current owners, who will pay a certain amount of money for these shares, in order to raise some cash. Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

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Green
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Re: Reading FC ltd company announcement

by Green » 03 Oct 2017 14:30

winchester_royal wrote:Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

Your reading is different to mine. Isn't this more to do with diluting other shareholders?

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winchester_royal
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Re: Reading FC ltd company announcement

by winchester_royal » 03 Oct 2017 14:33

Green wrote:
winchester_royal wrote:Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

Your reading is different to mine. Isn't this more to do with diluting other shareholders?


Well according to the filing they've paid 52.5p per share for over 30m shares, so that's a very expensive way to dilute another person's shareholding.

I'd also be very surprised if there's nothing in the Articles of Association that stops the dilution of a minority shareholding without some kind of agreement in place.

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Snowflake Royal
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Re: Reading FC ltd company announcement

by Snowflake Royal » 06 Oct 2017 16:40

Aren't there only two other shareholders to dilute anyway?


Royals and Racers
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Re: Reading FC ltd company announcement

by Royals and Racers » 12 Dec 2017 12:14

I received notification that on the 8th December RFC made a " confirmation statement with updates"
anyone know what that means ?

handbags_harris
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Re: Reading FC ltd company announcement

by handbags_harris » 12 Dec 2017 13:10

Royals and Racers wrote:I received notification that on the 8th December RFC made a " confirmation statement with updates"
anyone know what that means ?


In short, they've filed their annual accounts.

One87One
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Re: Reading FC ltd company announcement

by One87One » 13 Dec 2017 14:07

Nigel Nowe now removed as a Director.

*cheers*

Royals and Racers
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Re: Reading FC ltd company announcement

by Royals and Racers » 13 Dec 2017 14:56

One87One wrote:Nigel Nowe now removed as a Director.

*cheers*


it refers to
4775000 shares held by Reading football holdings ltd( 4 Tai`s and Bryan Stabler)
44410960 shares held by Renhe sports management ltd(Xiu li and Yongge Dai)


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maffff
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Re: Reading FC ltd company announcement

by maffff » 19 Dec 2017 14:42

Some interesting stuff going on with the "Reading Football Holding Ltd" right now.

Spotted this last night

Image

Which led me to finding the company pressing litigation against us was HEC Finance 03 Ltd

Image

HEC Finance 03 Ltd are a Hong Kong registered company (0874965 - previously Sun Chung Nam Finance Ltd), Directors are Cindy Miao Ling Liao and So Yuet Tong. Can't see anything interesting about them.

Shares in HEC Finance 03 Ltd are held by Satinu Resources Group Ltd and Enerchina Holdings Ltd (again. trail goes dead).

It relates to this charge (0940 2921 0002) - https://beta.companieshouse.gov.uk/comp ... nidyPQjTaU - from 21 June for $5,000,000, which it appears we have defaulted on.

Image

What's interesting is Nigel Howe resigned from being a Director of the Holding company on 29 November. 2 days after the litigation was filed. He's still on the main club.

Court case was 01 December. Can't see the outcome anywhere.

Tom Nomuk (https://twitter.com/tomnomuk formerly at Reading https://www.readingfc.co.uk/news/2014/j ... -in-india/, now at Villa http://www.newsvoir.com/release/aston-v ... -7140.html) is drawing links to Samuelson and Obolensky (not sure if that's fact or 2+2=5) as being behind this company and them having filed litigation - claimed he was in the UK a fortnight or so back to go to court - he said Reading were given time to pay, but have to pay.



Also, the VIBRAC charge is still outstanding on Companies House against the main club. I'm assuming that should be shown as settled? Don't want Samuelson's grubby mitts anywhere near our club.

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