OUFC4eva wrote: ↑
Sun Feb 25, 2018 9:57 pm
Letter to shareholders dated 21st February 2018 from Darryl Eales on behalf of OUFC :
‘I am pleased to write to you today to provide information on a number of changes that are taking place
which I believe will strengthen the future prospects of the club.
After just over three years, I am stepping down from my role as chairman in favour of Sumrith
Thanakarnjanasuth, who I am sure you will all come to know as “Tiger”.
Tiger is a passionate football fan as well as experienced businessman and we have quickly
developed a good relationship over the past couple of months.
Under his stewardship, I believe the club can build on the progress over the past 3 seasons
and move into another exciting chapter in its history.
Tiger is making a significant investment into the club. Significantly, as part of the investment, we will be
strengthening the capital base of the club and reducing the level of shareholder debt that has accrued over many years.
I believe this is something that a large majority of shareholders will welcome.
To make this possible there is a shareholder written resolution, enclosed, for you to approve the issuance
of new ordinary shares in Oxford United Football Club Limited. The resolution will be passed if approved by more than 50%
of the shareholders and will be passed as soon as sufficient responses have been received. If passed, the shares will
be issued to Oxford Investment Holding Pte Limited in return for a fresh investment of funds, a company controlled
by Tiger and to Ensco 1070 Limited, a company I control (in return for capitalisation of certain accrued shareholder debt).
Responses should be sent to the club secretary, Mick Brown at the club address by the date stated in the
notes to the written resolution.
In closing I want to thank you for your support.It has been a privilege to serve as chairman of this great club.
We have made good progress during this time, both on and off the pitch and the foundations of the club
are much stronger. We can look to the future with confidence and optimism.
Thank you, once again, for making me feel so at home as part of the Oxford United family and I look forward
to continuing to help Tiger and the club, albeit in a slightly different role, as the club moves forward.
Company number 00470509
Private company limited by shares - written resolution of Oxford United Football Club Limited.
Circulation date 21 February 2018
In accordance with chapter 2 of part 13 Companies Act 2006 (the Act)
the following resolution is proposed as an ordinary resolution of the company.
THAT, the directors of the company be generally and unconditionally authorised for the powers of section 551 of the Act
to exercise all or any of the powers of the company to allot new ordinary shares of £1 each in the company (shares)
up to an aggregate nominal value of £2,411,860 (in addition to the 138,067 existing ordinary shares of £1 each) to
such persons at such times and generally on such terms and conditions as the directors may determine (subject always
to the articles of association of the company), provided that this authority shall, unless previously renewed , varied,
or revoked by the company in general meeting , expire on the day before the fifth anniversary of the date on which
this resolution is passed save that the directors of the company may, before the expiry of such period, make an offer
or agreement which would or might require the directors of the company may allot the shares in pursuance of such offer
or agreement as if the authority conferred by this resolution had not expired.
Please read the notes at the end of this document before signifying your agreement to any of the resolutions.
The person named below, being a person eligible to vote on the above resolutions on the circulation date
Irrevocably agrees to the resolution indicated above.
If you wish to vote in favour of the resolution please put an X in the FOR box next to that resolution.
If you wish to vote against a resolution please put an X in the AGAINST box next to that resolution.