Shareholders' letter

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aggi
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Re: Shareholders' letter

Post by aggi » Wed Nov 03, 2021 2:15 pm

martin_p wrote:
Wed Nov 03, 2021 2:11 pm
Does anyone know is the witness can be just anyone? Can I get the missus to sign mine for example? (although telling her I have £850 coming may be a mistake!)
Generally it shouldn't be someone with a personal or commercial (in the context of what is being signed) relationship with you.

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Re: Shareholders' letter

Post by ClaretTony » Wed Nov 03, 2021 2:19 pm

martin_p wrote:
Wed Nov 03, 2021 2:11 pm
Does anyone know is the witness can be just anyone? Can I get the missus to sign mine for example? (although telling her I have £850 coming may be a mistake!)
There is no indication as to who it can or can’t be but I’m unclear what they are witnessing other than the shareholder’s name (not signature).

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Re: Shareholders' letter

Post by Juan Tanamera » Wed Nov 03, 2021 3:42 pm

jos wrote:
Wed Nov 03, 2021 1:47 pm
Hi Juan, The above was just an example , if you google ‘Barclays Burnley swift code’ you’ll get BARCGB210CB

Pick your own branch and use that.
Thanks for your help jos, I bank with Barclay's at Rawtenstall so I'll search for that. 👍

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Re: Shareholders' letter

Post by Burnley Ace » Wed Nov 03, 2021 3:55 pm

If you have online banking the Swift code for your brand will be in your account details

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Re: Shareholders' letter

Post by jos » Wed Nov 03, 2021 4:40 pm

ClaretTony wrote:
Wed Nov 03, 2021 1:57 pm
Update on that - just been online with Barclays and it says the swift code starts BUKB and not BARC.
Goes to show that google isn’t always right then. - best check with your own bank.

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Re: Shareholders' letter

Post by aggi » Wed Nov 03, 2021 4:43 pm

I'd certainly check with the bank/online banking/bank app. I know my account is based in Wales somewhere for some reason, even though I opened it in Burnley.

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Re: Shareholders' letter

Post by LlandennyClaret » Wed Nov 03, 2021 8:51 pm

If you download a bank statement you will find your SWIFT/BIC and IBAN information at the top.

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Re: Shareholders' letter

Post by ClaretTony » Wed Nov 03, 2021 9:02 pm

LlandennyClaret wrote:
Wed Nov 03, 2021 8:51 pm
If you download a bank statement you will find your SWIFT/BIC and IBAN information at the top.
The swift code is on mine but it’s just the UK code for Barclays, not for a branch.

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Re: Shareholders' letter

Post by LlandennyClaret » Wed Nov 03, 2021 9:14 pm

That’s correct Tony . The IBAN includes the sort and account information.

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Re: Shareholders' letter

Post by martin_p » Thu Nov 04, 2021 9:55 am

ClaretTony wrote:
Wed Nov 03, 2021 2:19 pm
There is no indication as to who it can or can’t be but I’m unclear what they are witnessing other than the shareholder’s name (not signature).
I emailed the club on this point yesterday and have had a response confirming that anyone over ‘the legal age’ (which I’m assuming to be 18) can sign as witness.

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Re: Shareholders' letter

Post by Foulthrow » Sat Nov 13, 2021 4:43 pm

Do you send in a copy of your passport or your actual passport?

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Re: Shareholders' letter

Post by Juan Tanamera » Sat Nov 13, 2021 4:54 pm

Foulthrow wrote:
Sat Nov 13, 2021 4:43 pm
Do you send in a copy of your passport or your actual passport?
A copy will do of your passport or driving licence.

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Re: Shareholders' letter

Post by gawthorpe_view » Sat Nov 13, 2021 4:54 pm

Foulthrow wrote:
Sat Nov 13, 2021 4:43 pm
Do you send in a copy of your passport or your actual passport?
I sent a scanned copy of the page with my photo and name on.
That said, I've heard nothing back to say it's acceptable or otherwise.
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Re: Shareholders' letter

Post by Juan Tanamera » Sat Nov 13, 2021 4:59 pm

gawthorpe_view wrote:
Sat Nov 13, 2021 4:54 pm
I sent a scanned copy of the page with my photo and name on.
That said, I've heard nothing back to say it's acceptable or otherwise.
A copy is acceptable GV, rather than risk mine being lost in the post I took it personally to main reception and the young lady said it was fine.
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Re: Shareholders' letter

Post by Foulthrow » Sat Nov 13, 2021 5:34 pm

Thanks both.
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Re: Shareholders' letter

Post by ClaretTony » Sat Nov 13, 2021 5:44 pm

Juan Tanamera wrote:
Sat Nov 13, 2021 4:59 pm
A copy is acceptable GV, rather than risk mine being lost in the post I took it personally to main reception and the young lady said it was fine.
I'm going to ensure mine has to be signed for
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Re: Shareholders' letter

Post by HeatonMoorClaret » Tue Nov 23, 2021 5:13 pm

Anybody had any acknowledge from the Club confirming receipt the sale application and share certificate now the closing date has passed? I sent mine recorded ( I live out of town) but it was never signed for but was assured when i went into the Club reception that they weren't signing for any mail.

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Re: Shareholders' letter

Post by longhair » Tue Nov 23, 2021 6:09 pm

Mine was signed for on receipt

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Re: Shareholders' letter

Post by Ric_C » Tue Nov 23, 2021 7:44 pm

I sent mine off about 10 days ago. Not had any confirmation on anything yet, no emails from the club.

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Re: Shareholders' letter

Post by whentheballmoves » Sat Nov 27, 2021 9:59 am

Yeah, I haven't had any acknowledgement from the club. Given what's involved, that seems quite poor form from them.

Mine was signed for on the 9th.

Does anyone have any idea on when we should hear from the club / receive our payment and / or credit "note"? :?:

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Re: Shareholders' letter

Post by RammyClaret61 » Sat Nov 27, 2021 10:06 am

whentheballmoves wrote:
Sat Nov 27, 2021 9:59 am
Yeah, I haven't had any acknowledgement from the club. Given what's involved, that seems quite poor form from them.

Mine was signed for on the 9th.

Does anyone have any idea on when we should hear from the club / receive our payment and / or credit "note"? :?:
I’ve heard nothing since I sent the email detailing my choice.

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Re: Shareholders' letter

Post by ClaretTony » Sat Nov 27, 2021 1:04 pm

whentheballmoves wrote:
Sat Nov 27, 2021 9:59 am
Yeah, I haven't had any acknowledgement from the club. Given what's involved, that seems quite poor form from them.

Mine was signed for on the 9th.

Does anyone have any idea on when we should hear from the club / receive our payment and / or credit "note"? :?:
Didn’t the correspondence say 21 days for payment which would be 14th December.

I think they are all going to be dealt in one batch so I think they are all piled up waiting for that.

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Re: Shareholders' letter

Post by ClaretTony » Sat Nov 27, 2021 1:05 pm

RammyClaret61 wrote:
Sat Nov 27, 2021 10:06 am
I’ve heard nothing since I sent the email detailing my choice.
You had to complete the forms by last Tuesday.

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Re: Shareholders' letter

Post by whentheballmoves » Sat Nov 27, 2021 4:32 pm

ClaretTony wrote:
Sat Nov 27, 2021 1:04 pm
Didn’t the correspondence say 21 days for payment which would be 14th December.

I think they are all going to be dealt in one batch so I think they are all piled up waiting for that.
Quite possible, Tony: thanks for the reminder. Should be a nice pre Xmas present!? :-)

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Re: Shareholders' letter

Post by IanMcL » Sat Nov 27, 2021 7:42 pm

ClaretTony wrote:
Sat Nov 13, 2021 5:44 pm
I'm going to ensure mine has to be signed for
Just take a once. You will never see the original again! So risky nowadays.

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Re: Shareholders' letter

Post by RammyClaret61 » Sat Nov 27, 2021 11:44 pm

ClaretTony wrote:
Sat Nov 27, 2021 1:05 pm
You had to complete the forms by last Tuesday.
Oh well, looks like I might still be a shareholder then.

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Re: Shareholders' letter

Post by ClaretTony » Sat Nov 27, 2021 11:48 pm

RammyClaret61 wrote:
Sat Nov 27, 2021 11:44 pm
Oh well, looks like I might still be a shareholder then.
If you replied to the initial letter, you should have received the forms. If not, I'd be contacting them.

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Re: Shareholders' letter

Post by Claret Till I Die » Mon Dec 06, 2021 7:34 am

Did anyone ever get any acknowledgement from the club, other than via the royal mail website to say that their letter had been signed for ?

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Re: Shareholders' letter

Post by RammyClaret61 » Mon Dec 06, 2021 8:41 am

ClaretTony wrote:
Sat Nov 27, 2021 11:48 pm
If you replied to the initial letter, you should have received the forms. If not, I'd be contacting them.
I contacted them, they sent me their FAQs, saying it should answer any query’s I have.

I’ve contacted them again tell them it didn’t. I’ve asked my questions again. Hopeless.

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Re: Shareholders' letter

Post by ClaretTony » Mon Dec 06, 2021 10:22 am

RammyClaret61 wrote:
Mon Dec 06, 2021 8:41 am
I contacted them, they sent me their FAQs, saying it should answer any query’s I have.

I’ve contacted them again tell them it didn’t. I’ve asked my questions again. Hopeless.
I had some queries and never received any response but the forms for transfer had to go in which I ensured they did.

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Re: Shareholders' letter

Post by gawthorpe_view » Mon Dec 06, 2021 5:18 pm

I've just received an email acknowledgement of receipt of my shares, it also says to expect payment in mid to late January.
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Re: Shareholders' letter

Post by Burnley Ace » Mon Dec 06, 2021 5:22 pm

gawthorpe_view wrote:
Mon Dec 06, 2021 5:18 pm
I've just received an email acknowledgement of receipt of my shares, it also says to expect payment in mid to late January.
Which is a bit of a worry if we are a few points adrift of “safety”!!

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Re: Shareholders' letter

Post by ClaretTony » Mon Dec 06, 2021 5:29 pm

gawthorpe_view wrote:
Mon Dec 06, 2021 5:18 pm
I've just received an email acknowledgement of receipt of my shares, it also says to expect payment in mid to late January.
Just received the same email

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Re: Shareholders' letter

Post by lakedistrictclaret » Mon Dec 06, 2021 5:51 pm

ClaretTony wrote:
Mon Dec 06, 2021 5:29 pm
Just received the same email
And me.

They've put back payment by a month.

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Re: Shareholders' letter

Post by ClaretTony » Mon Dec 06, 2021 5:56 pm

lakedistrictclaret wrote:
Mon Dec 06, 2021 5:51 pm
And me.

They've put back payment by a month.
Didn’t the original say three weeks after cut off date? That would have been Tuesday next week.

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Re: Shareholders' letter

Post by lakedistrictclaret » Mon Dec 06, 2021 5:59 pm

ClaretTony wrote:
Mon Dec 06, 2021 5:56 pm
Didn’t the original say three weeks after cut off date? That would have been Tuesday next week.
That's correct.

People relying on their money to pay for Christmas will be disappointed.

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Re: Shareholders' letter

Post by strayclaret » Mon Dec 06, 2021 6:04 pm

Could be good timing for me. Got a holiday in Cyprus to pay for at the end of January.
At least we got an acknowledgment :D :D

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Re: Shareholders' letter

Post by arise_sir_charge » Mon Dec 06, 2021 6:20 pm

Burnley Ace wrote:
Mon Dec 06, 2021 5:22 pm
Which is a bit of a worry if we are a few points adrift of “safety”!!
Why’s that then?

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Re: Shareholders' letter

Post by Burnley Ace » Mon Dec 06, 2021 6:46 pm

arise_sir_charge wrote:
Mon Dec 06, 2021 6:20 pm
Why’s that then?
If we are destined for relegation they may regret such a generous offer!!

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Re: Shareholders' letter

Post by gawthorpe_view » Mon Dec 06, 2021 7:12 pm

Burnley Ace wrote:
Mon Dec 06, 2021 6:46 pm
If we are destined for relegation they may regret such a generous offer!!
Generous or not, I think they were obliged to offer us the same as the directors received.
Questionable timing though.

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Re: Shareholders' letter

Post by Juan Tanamera » Mon Dec 06, 2021 8:06 pm

Would it be right to assume the club would know how many shares would potentially be sold back and set their stall out accordingly?
I'm not sure where they originally said payment would be next Tuesday as someone further up suggested, but I can only wonder why it's been put back a month.

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Re: Shareholders' letter

Post by sportak-mustgo » Mon Dec 06, 2021 10:26 pm

The wording in Appendix-1 of the Offer Letter was:

2.2 Settlement
Payment of the cash due on acceptance of the Offer, and provision of the Club credit via registered account, will be despatched within 21 days of the later of (i) the First Closing Date, and (ii) the date upon which the relevant acceptance, complete and valid in all respects, and share certificate(s) are received by the Company Secretary. All documents and remittances sent by or to accepting shareholders will be sent at their risk.

Is the revised timing technically in breach of the offer....?

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Re: Shareholders' letter

Post by ClaretTony » Mon Dec 06, 2021 10:53 pm

gawthorpe_view wrote:
Mon Dec 06, 2021 7:12 pm
Generous or not, I think they were obliged to offer us the same as the directors received.
Questionable timing though.
I don't believe it is the same offer and the directors didn't get half in club credit
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Re: Shareholders' letter

Post by Quickenthetempo » Mon Dec 06, 2021 11:26 pm

They probably want you spending money in the club shop after the Xmas rush.

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Re: Shareholders' letter

Post by dsr » Mon Dec 06, 2021 11:41 pm

ClaretTony wrote:
Mon Dec 06, 2021 10:53 pm
I don't believe it is the same offer and the directors didn't get half in club credit
I don't think they were legally obliged to make that offer anyway (unless a minority shareholder sued them for some form of legal issue re. disadvantaging the minority shreholders) and so perhaps the offer of equivalent value is enough to satisfy the law. It may be that if they get to 90% of the shares with this offer, they can compulsorily purchase all the rest, and that probably would have to be for cash. If so, the people who held on would be financially better off. Unless they decide not to purchase them at all, in which case they would be financially worse off.

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Re: Shareholders' letter

Post by dsr » Tue Dec 07, 2021 12:24 am

sportak-mustgo wrote:
Mon Dec 06, 2021 10:26 pm
The wording in Appendix-1 of the Offer Letter was:

2.2 Settlement
Payment of the cash due on acceptance of the Offer, and provision of the Club credit via registered account, will be despatched within 21 days of the later of (i) the First Closing Date, and (ii) the date upon which the relevant acceptance, complete and valid in all respects, and share certificate(s) are received by the Company Secretary. All documents and remittances sent by or to accepting shareholders will be sent at their risk.

Is the revised timing technically in breach of the offer....?
If it is in breach, I think your redress would be limited to either cancelling your agreement to sell and deciding to keep the shares, or to getting a tiny bit of interest. Which I would calculate at about 10p a month, tops.
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Re: Shareholders' letter

Post by aggi » Tue Dec 07, 2021 8:57 am

dsr wrote:
Tue Dec 07, 2021 12:24 am
If it is in breach, I think your redress would be limited to either cancelling your agreement to sell and deciding to keep the shares, or to getting a tiny bit of interest. Which I would calculate at about 10p a month, tops.
The interest would probably be at BoE base rate + 8% so it would be a bit more than that, something like £6 a month, but still not much.
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Re: Shareholders' letter

Post by 1968claret » Fri Dec 31, 2021 4:59 pm

Could I just check if anybody else is still waiting for the email confirming that payment will be made?
I haven’t had any such email yet? Our case involved transfer of ownership from the original shareholder so I expected some delay but just wondered if anyone else in the same position?

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Re: Shareholders' letter

Post by ClaretTony » Fri Dec 31, 2021 5:05 pm

1968claret wrote:
Fri Dec 31, 2021 4:59 pm
Could I just check if anybody else is still waiting for the email confirming that payment will be made?
I haven’t had any such email yet? Our case involved transfer of ownership from the original shareholder so I expected some delay but just wondered if anyone else in the same position?
One of ours did with a lost certificate thrown in but still received acknowledgement. I'd email them to ask for an update.

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Re: Shareholders' letter

Post by OakworthClaret » Fri Dec 31, 2021 5:50 pm

Nothing heard here either. I dropped my signed document, share certificate etc at club reception in good time prior to the cut off date.
I’ve just sent an email asking for an update.

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