Share Transfers Agreed/Cooling off period

[s.a.m]

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If he is acting on behalf of the UBIG Board, he may also have been authorised to do so by the UKIO administrator.

All for a "registration fee" of course.

What's that?

[Jack Hackett]

I have no doubt whatsoever this is all just more wind and piss from whatever 'source' was instructed to give the media a positive story before the final. Terms used like 'due diligence' and 'before the start of next season' just make me crease up

Are the 'share' certificates still 'in the post' btw?

[Jack Hackett]

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What's that?

Otherwise known as a 'Backhander' or 'Kickback'....at least where vlad is concerned

[CropleyWasGod]

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What's that?

Sorry, I was being facetious. There has often been talk of HMFC paying Vlad registration fees for some of the Lith and other foreign-based players.

However, if he is fulfilling the role that we are talking about (and, as I say, I would be very surprised if he is), he would be entitled to be paid for it.

[s.a.m]

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Sorry, I was being facetious. There has often been talk of HMFC paying Vlad registration fees for some of the Lith and other foreign-based players.

[Bishop Hibee]

The 'share' word seems to have disappeared from the Yam vocabulary. The money fans paid out was apparently to keep the club going with nothing expected in return. More fiction than the local library.

[Seveno]

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I presume so. If Lith law is the same as UK law in that respect, they need to have at least 1 director at any one time.

So that's a 'Dinnae ken' then ?

[Devonhibs]

Clearly aimed/timed to increase season ticket renewals. Keep the yams thinking there's light at the end of the tunnel with this crock!

[Wee Scottie Dug]

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I presume so. If Lith law is the same as UK law in that respect, they need to have at least 1 director at any one time.

Here is the original news bulletin fom 4/3 ........ Doesn't look like they were in too much of a rush to get things in motion . . .

"The entire board of directors of Ukio Banko Investicine Grupe, a Lithuanian company that owns Scotland’s Heart of Midlothian soccer club, resigned last week, Baltic News Service reported.
Vladimir Romanov, who was majority owner of lender Ukio Bankas (UKB1L) AB, which Lithuania’s central bank declared insolvent last month, resigned as chairman of the board of UBIG on Feb. 27, the newswire said, citing the company registry in Vilnius.
Hearts’ Director Sergejus Fedotovas also resigned from the board of UBIG, as did Rita Matuziene, BNS reported.
A new board will be elected at the next meeting of shareholders of UBIG, the date for which hasn’t been fixed, according to Matuziene, who said she remains in her post as chief executive officer at UBIG, according to BNS.
To contact the reporter on this story: Bryan Bradley in Vilnius at [email protected]
To contact the editor responsible for this story: Balazs Penz at [email protected]"

Of course big companies like UBIG maybe don't need a board of directors to keep such a huge profit making business going

[CropleyWasGod]

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Here is the original news bulletin fom 4/3 ........ Doesn't look like they were in too much of a rush to get things in motion . . .

"The entire board of directors of Ukio Banko Investicine Grupe, a Lithuanian company that owns Scotland’s Heart of Midlothian soccer club, resigned last week, Baltic News Service reported.
Vladimir Romanov, who was majority owner of lender Ukio Bankas (UKB1L) AB, which Lithuania’s central bank declared insolvent last month, resigned as chairman of the board of UBIG on Feb. 27, the newswire said, citing the company registry in Vilnius.
Hearts’ Director Sergejus Fedotovas also resigned from the board of UBIG, as did Rita Matuziene, BNS reported.
A new board will be elected at the next meeting of shareholders of UBIG, the date for which hasn’t been fixed, according to Matuziene, who said she remains in her post as chief executive officer at UBIG, according to BNS.
To contact the reporter on this story: Bryan Bradley in Vilnius at [email protected]
To contact the editor responsible for this story: Balazs Penz at [email protected]"

Of course big companies like UBIG maybe don't need a board of directors to keep such a huge profit making business going

I am guessing that either (a) Lith and UK law are different or that (b) the resignations aren't ratified until the shareholders' meeting. The latter is common in UK law... directors can be "co-opted" in between shareholders' meetings but they aren't actually "elected" until then.

[Seveno]

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I am guessing that either (a) Lith and UK law are different or that (b) the resignations aren't ratified until the shareholders' meeting. The latter is common in UK law... directors can be "co-opted" in between shareholders' meetings but they aren't actually "elected" until then.

What makes you think that UBIG are doing anything according to Lithuanian, UK or Trumpton law ?

A classic case of repentance when death is nigh, perhaps ?

[CropleyWasGod]

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What makes you think that UBIG are doing anything according to Lithuanian, UK or Trumpton law ?

A classic case of repentance when death is nigh, perhaps ?

More a case of "let's head for the hills, boys, and don't forget to take the safe..."

[Wee Scottie Dug]

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What makes you think that UBIG are doing anything according to Lithuanian, UK or Trumpton law ?

A classic case of repentance when death is nigh, perhaps ?

IMHO UBIG is just a front for all the shady dealings that the mad one does, it seems to have shareholders but no sign of a share price listed anywhere ! It's web page is so amateur it makes me laugh, and it appears to have started life as the mad ones private investment group. I had hoped to see this in administration by now but it appears that no external pressures are being applied to this rudderless company! Tick tock tick tock ......

[JCHibby]

So Vlad is in talks to sell his share holding back to the supporters, so this should work as follows:

Vlad : I want x million
Clowns : we will give you Y million
Vlad: Deal, PS you have three weeks to pay 28 million back, oh aye and HMRC might be in touch. Cheers

[Sergey]

Off topic - but did Vlad attend today's Cup Final?

They were rumoured to be belting out the old Vladimir Romanov ditty.

[hibee_girl]

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Off topic - but did Vlad attend today's Cup Final?

They were rumoured to be belting out the old Vladimir Romanov ditty.

He was there

[green glory]

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He was there

Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.

Just concerned for his welfare after all he's doing for us.

[hibsbollah]

What is the league cup prize money they failed to win today?

[nonshinyfinish]

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Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.

Just concerned for his welfare after all he's doing for us.

He was only there because City Cabs told him there'd be 25,000 glum chumps looking for a ride back to Queen St.

[Willis1875]

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Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.

Just concerned for his welfare after all he's doing for us.

Looking a bit portly!!

[nonshinyfinish]

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Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.

Just concerned for his welfare after all he's doing for us.

He was only there because City Cabs told him there'd be 25,000 glum chumps looking for a ride to Queen St at ten to five.

[macca70]

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Off topic - but did Vlad attend today's Cup Final?

They were rumoured to be belting out the old Vladimir Romanov ditty.

Yeah, BBC zoomed in on him sitting in the Stand.

[Peevemor]

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Yeah, BBC zoomed in on him sitting in the Stand.

The commentator spoke about how "colourful" a character he is and how hearts have won 2 Scottish cups since his arrival. However, no mention of losses roughly equal to their turnover in the same period!

[HONG KONG PHOOEY]

Now if we finish in the top six they are Donald ducked. Beat Inverness at home and we should be there

[Jack Hackett]

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Looking a bit portly!!

Looks like he's been nicking all the cakes as well as the cash

[Bostonhibby]

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Looking a bit portly!!

Probably a body double, they used to do it all the time in Stalin's day. The real Vlad was over to sort out Fatty Foulkes for getting him into this mess in the first place. By the time the game finished they were already half way over the North sea in his Bathysphere.

[Greentinted]

Now there's a rogues gallery. One dodgy bad start dipping another one's pockets...nae broon envelopes droppin' through the Provost's mail box this year eh no?

[SmashinGlass]

I thought vlad was totally broke just weeks ago, down to the cash he had in his pocket. Either he had a load of cash in his pocket or he was speaking out his erse. I know which one I believe...

[robinp]

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Looking a bit portly!!

Appears to be dating Steven Fry in drag going by that photo.

[#FromTheCapital]

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Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.

Just concerned for his welfare after all he's doing for us.

Looking a bit rough in this picture taken before the game today.

Would've hated to see a pic of him after the game