EGM for new shares

Club shareholders will hold an EGM to enable the club to issue up to £2million of new shares.

“At the AGM in December we gave ourselves permission to allot another £500,000 worth of shares,” David Beeby told the Scunthorpe Telegraph.

“The majority of those have now been issued and therefore we’d like to issue some more. The EGM is the only way to do that.

“What we’ll put before shareholders is a resolution to enable us to issue up to £2million more. They will have the chance to vote on that.

“If it passes we will be able to allot approximately another 460,000 shares which is new money coming into the club and is fantastic.”

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Written by Matt Blanchard

Part of the team since 2007, before becoming editor in 2013. Undertaken the role of match summariser during Scunthorpe United live match commentaries for BBC Radio Humberside. Seasonal contributor to football titles FourFourTwo and When Saturday Comes and a finalist at the Football Blogging Awards in 2014.

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