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Re: Premiership Shares
Posted by: Graham_U
Date: 06/12/2017 10:39
Big assumption on funding distribution Gray, as that not true today why would it be in the future.
As for reductions, being a "voting" share owner clearly gives you a say/vote, but not sure that guarantees your inclusion, we've been voting shareholders outside it for most of the last decade. It will depend on the small print, but I thought most structural decision required significant majority vote but not unanimous. If true then if that majority voted for a reduction to 10, without the second tier, we could be outside. Even if that was the case I doubt that could before the end of the season without calling in the lawyers.
As for reductions, being a "voting" share owner clearly gives you a say/vote, but not sure that guarantees your inclusion, we've been voting shareholders outside it for most of the last decade. It will depend on the small print, but I thought most structural decision required significant majority vote but not unanimous. If true then if that majority voted for a reduction to 10, without the second tier, we could be outside. Even if that was the case I doubt that could before the end of the season without calling in the lawyers.
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