Do Imps Plan New Investment?

28th April 2008

Could there be new investment into Lincoln City FC? Current rumours around Lincoln is that within the next few months, Lincoln City FC are expected to announce new investment into the club. Only time will only tell whether this rumour proves correct or not; lets hope it is.

The rumour has been fuelled by the announcement of an Extraordinary General Meeting (EGM) on May 29th to vote on the ability of the club to issue shares to current and prospective shareholders alike. In order to pave the way for any new investment, there has to be a vote to remove a previous vote that blocked the issuing of new shares without first offering the same amount to all current shareholders. Obviously, this would be a costly and time consuming operation, hence the need for this EGM, which has been triggered by the recent sale of Ray Trew's shares to current Imps' director Chris Travers. In order to pass the new motion, it requires a 75% agreement.

The EGM is open to all shareholders and will take place in the Trust suite at 7.30pm on Thursday May 29th 2008.

Click to view cheap merchandise for Lincoln City football club.