HFC AGM - Resolution PASSED

[blackpoolhibs]

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when should we expect the final result from the agm?

hfc 1 hsl 0.😁

[Ronniekirk]

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Anyone know if representatives from black knights will be there?

Would they even be allowed there tonight as they’re not currently shareholders?

if they are They will be a Long Way From Hime

[Hibby Kay-Yay]

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hfc 1 hsl 0.😁

VAR - Penalty to The Rangers

[bod]

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It would be good if this thread could be used to focus on the outcome of the AGM tonight rather than having to read the initials HSL anymore than I already have.

Correct.those bothered about which way HSL vote should’ve joined it themselves & spoke their mind at they’re agm

[Pretty Boy]

Interesting to note future investment would be in the form of capital calls and not loans. Kensell was asked if that would be open to existing shareholders and seemed a bit evasive. He was pushed and said pre emption would apply but there could be a vote at the AGM to disapply and that would require 75% approval from shareholders.

Given Foley and the Gordons will after tonight own more than 75% of the club between them I think you can read between the lines and say the days of your ordinary fan being able to buy shares are gone for the foreseeable.

[bingo70]

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Interesting to note future investment would be in the form of capital calls and not loans. Kensell was asked if that would be open to existing shareholders and seemed a bit evasive. He was pushed and said pre emption would apply but there could be a vote at the AGM to disaplly and that would require 75% approval from shareholders.

Given Foley and the Gordons will after tonight own more than 75% of the club between them I think you can read between the lines and say the days of your ordinary fan being able to buy shares are gone for the foreseeable.

What is a capital call? If it’s not a loan, is it the same as a donation?

[Sergio sledge]

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Interesting to note future investment would be in the form of capital calls and not loans. Kensell was asked if that would be open to existing shareholders and seemed a bit evasive. He was pushed and said pre emption would apply but there could be a vote at the AGM to disapply and that would require 75% approval from shareholders.

Given Foley and the Gordons will after tonight own more than 75% of the club between them I think you can read between the lines and say the days of your ordinary fan being able to buy shares are gone for the foreseeable.

I suppose the question from me would be what difference it would make to Bydand or BKFG if they disapplied the pre-emption rights in the future. Shareholders could only buy according to their current percentage holding, so percentages wouldn’t change with new rights issues. Given that BKFG are only allowed up to 30%, then any future share issues would need to involve Bydand buying more to prevent that happening. So if HSL wanted to get involved then all that would do would give the club more money and not affect their shareholding percentage.

[Danderhall Hibs]

Had it confirmed there are no pies at the meeting tonight.

[Is It On....]

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Good girl

Is that you Brendan 🤔

[Lago]

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It would be good if this thread could be used to focus on the outcome of the AGM tonight rather than having to read the initials HSL anymore than I already have.

Yip had enough of HSL to last remainder of my life, just want to focus on hibs improvement plans should all be well with final vote.

[Pagan Hibernia]

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Had it confirmed there are no pies at the meeting tonight.

What?? Petrie!!!

[Hibernian Verse]

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Yip had enough of HSL to last remainder of my life, just won't to focus on hibs improvement plans should all be well.

***

[greenginger]

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Interesting to note future investment would be in the form of capital calls and not loans. Kensell was asked if that would be open to existing shareholders and seemed a bit evasive. He was pushed and said pre emption would apply but there could be a vote at the AGM to disapply and that would require 75% approval from shareholders.

Given Foley and the Gordons will after tonight own more than 75% of the club between them I think you can read between the lines and say the days of your ordinary fan being able to buy shares are gone for the foreseeable.

Has anything been said about fans giving their shares to their children/ friends .

[Lago]

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Good girl

Naughty

[Pretty Boy]

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Had it confirmed there are no pies at the meeting tonight.

Foley out.

[Pretty Boy]

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Has anything been said about fans giving their shares to their children/ friends .

Not that I heard. It's a good question though.

[big gogs]

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if they are They will be a Long Way From Hime

No no no,see what you have started.

[Stuart93]

When will we know the results of the vote

[Hibeesdaft16]

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What is a capital call? If it’s not a loan, is it the same as a donation?

Good question. People seem more interested in pies and ripping into the Hibernian supporters group than caring about it though.

[Danderhall Hibs]

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Good question. People seem more interested in pies and ripping into the Hibernian supporters group than caring about it though.

https://en.m.wikipedia.org/wiki/Capital_call#:~:text=A%20capital%20call%20(also%20 known,been%20committed%20to%20the%20fund.

[Danderhall Hibs]

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Longbangers twitter is excellent, if you want less of the pie chat!

Incidentally the same place I had it confirmed there were no pies.

[Hibby Kay-Yay]

A capital call is a request made by a company or investment fund to its investors for additional capital. This typically occurs when the company or fund needs additional funds to meet its operational or investment obligations. Investors who have committed capital to the company or fund are required to contribute their allocated portion of the requested capital within a specified timeframe, as outlined in the investment agreement. Capital calls are common in private equity, venture capital, real estate, and other investment funds where capital may be needed periodically to fund new investments or meet ongoing operational expenses.

[Centre Hawf]

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What is a capital call? If it’s not a loan, is it the same as a donation?

Seem a very complicated way to raise funds through investments. Will not pretend to know the ins and outs of it.

[Lago]

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A capital call is a request made by a company or investment fund to its investors for additional capital. This typically occurs when the company or fund needs additional funds to meet its operational or investment obligations. Investors who have committed capital to the company or fund are required to contribute their allocated portion of the requested capital within a specified timeframe, as outlined in the investment agreement. Capital calls are common in private equity, venture capital, real estate, and other investment funds where capital may be needed periodically to fund new investments or meet ongoing operational expenses.

Thanks

[Danderhall Hibs]

Seemed to be going well - good flow and pace. Then they opened up to football questions and now nothing seems to be worth updating us on.

[Keepthefaith]

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@longbangers in Twitter putting out lots of tweets

I don't have twitter but searched and saw there were some good questions posed. is anyone able to copy and paste the questions / answers here? would appreciate it!

[Danderhall Hibs]

Results coming shortly…

[Allant1981]

Investment approved

[BoomtownHibees]

Passed

[Danderhall Hibs]

Results being announced, all the resolutions have been passed, final totals being calculated.

Malcolm - absolutely delighted, significant, takes the club forward and thanks everyone for contributing.

From @longbangers