Letter from Hibs regarding new share issue.

No downside to this for minor shareholders but the largest shareholders don't lose anything in percentage terms of their ownership
Also not received the letter

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Originally Posted by Chuck Rhoades

Wonder what the HSL view is given their substantial holding? The refreshed relationship between the Club and HSL may now look like convenient timing? Also the fact this lands quietly after a run of positive news. Cynical I know :D

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IG said the loans would be cleared in the summer at the AGM.

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Originally Posted by El Gubbz

I think Bydand are converting a loan into shares via share issue while additional shares are also being created and issued to the other parties in exchange for cash.

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So is there more than £3m being issued? Or is the £3m made up of £x of Bydand loan conversion and the remainder new investment from The other groups?

If the original post is correct it looks as if the Gordon family are writing off a £3million loan but instead of taking all the new shares are distributing them so that the main shareholders percentage remains the same.No new money but another debt disappears.

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Originally Posted by matty_f

So is there more than £3m being issued? Or is the £3m made up of £x of Bydand loan conversion and the remainder new investment from The other groups?

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The update is intentionally vague but Bydand getting c. 37m shares and there’s £3m of loans getting converted. Assuming Bydand aren’t sticking any additional cash in and the other c. 20m shares that are being created and issued to the other parties in exchange for cash at the same value it would suggest an extra £1.6m cash ploughed in plus the Loan being converted ie. Hibs balance sheet £4.6m healthier

Fag packet at best though

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Originally Posted by El Gubbz

The update is intentionally vague but Bydand getting c. 37m shares and there’s £3m of loans getting converted. Assuming Bydand aren’t sticking any additional cash in and the other c. 20m shares that are being created and issued to the other parties in exchange for cash at the same value it would suggest an extra £1.6m cash ploughed in plus the Loan being converted ie. Hibs balance sheet £4.6m healthier

Fag packet at best though

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Thanks. Definitely good news though!

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Originally Posted by Chuck Rhoades

Wonder what the HSL view is given their substantial holding? The refreshed relationship between the Club and HSL may now look like convenient timing? Also the fact this lands quietly after a run of positive news. Cynical I know :D

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Uh oh, we don't need another falling out...

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Originally Posted by jacomo

Uh oh, we don't need another falling out...

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There’s nothing at all to indicate a falling out. There’s nothing untoward with this and I suspect HSL are contributing so it’s a good news story for all involved.

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Originally Posted by matty_f

There’s nothing at all to indicate a falling out. There’s nothing untoward with this and I suspect HSL are contributing so it’s a good news story for all involved.

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HSL are contributing to the club, and seem to have a good relationship now with the Gordon family. All good.

This, though, seems like a debt for equity swap so the club don't have to pay back a loan from our owners (Jambos, take note). Shares go to BK and Leslie Robb too to keep their stake as is.

I don't know what HSL's stake currently is, tbf.

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Originally Posted by jacomo

HSL are contributing to the club, and seem to have a good relationship now with the Gordon family. All good.

This, though, seems like a debt for equity swap so the club don't have to pay back a loan from our owners (Jambos, take note). Shares go to BK and Leslie Robb too to keep their stake as is.

I don't know what HSL's stake currently is, tbf.

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I believe they’re all putting money in. Is not just the debt for equity.

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Originally Posted by matty_f

I believe they’re all putting money in. Is not just the debt for equity.

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I'm reading it as only the Black Knights, HSL and Robb are putting fresh cash in whereas the Gordons are swapping their loan for shares.

Still good news though.

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Originally Posted by jacomo

HSL are contributing to the club, and seem to have a good relationship now with the Gordon family. All good.

This, though, seems like a debt for equity swap so the club don't have to pay back a loan from our owners (Jambos, take note). Shares go to BK and Leslie Robb too to keep their stake as is.

I don't know what HSL's stake currently is, tbf.

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Somewhere around 7.5%

Any other shareholder still not received a letter about this?

I came home yesterday to a Hibs branded envelope and assumed it was that but it was my physical ST card

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Originally Posted by overdrive

Any other shareholder still not received a letter about this?

I came home yesterday to a Hibs branded envelope and assumed it was that but it was my physical ST card

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I’ve not had the letter either

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Originally Posted by overdrive

Any other shareholder still not received a letter about this?

I came home yesterday to a Hibs branded envelope and assumed it was that but it was my physical ST card

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I’ve not had the letter, not received my ST and not even got a badge to show for it. Having said that, it seems to me there is time yet and I imagine they’ll arrive before the weekend. Hibs office staff must have a lot of stamps and envelopes to lick. They can’t all go out at once I imagine.

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Originally Posted by overdrive

Any other shareholder still not received a letter about this?

I came home yesterday to a Hibs branded envelope and assumed it was that but it was my physical ST card

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Same, i would imagine they'll go out in batches. Sure i was 3 0r 4 days after the last AGM letters went out before getting mine.

My letter has just come through the letter box - already opened by someone. Definitely the postman that’s delivered it as well rather than a neighbour who has been delivered it by accident and opened it.

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Originally Posted by overdrive

My letter has just come through the letter box - already opened by someone. Definitely the postman that’s delivered it as well rather than a neighbour who has been delivered it by accident and opened it.

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The curse of the jambo postman. It's always a risk.

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Originally Posted by overdrive

My letter has just come through the letter box - already opened by someone. Definitely the postman that’s delivered it as well rather than a neighbour who has been delivered it by accident and opened it.

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A bit concerning that. Needs reported to the PO.

Got my letter this morning. Day after my ST.

Post has been but nothing today

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Originally Posted by matty_f

I’ve not had the letter either

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Got mine today, twice [emoji16]

Sent from my SM-A750FN using Tapatalk

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Originally Posted by overdrive

Any other shareholder still not received a letter about this?

I came home yesterday to a Hibs branded envelope and assumed it was that but it was my physical ST card

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Same here.

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Originally Posted by NAE NOOKIE

Bloody cheek having a go at my over use of zeros. Especially from someone who used 3 full stops at the end of a sentence when one would do :greengrin

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:greengrin


I concentrated on Maffs, not writin and speling

Got mine when I came home from my daughters tonight in 3 separate envelopes 🤷*♂️ ?

I got two letters today


Sent from my iPhone using Tapatalk Pro

Still waiting...