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East Stander

Hmm Shepherd buying shares again

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Just noticed Shepherd Offshore bought 410,000 shares (an extra 0.31% holding of the club) yesterday.

 

Considering they received shares instead of cash for the last dividend, I wonder what at the moment gives them confidence in buying more shares?

 

Of course they will earn even more in dividends as a result of this but any thoughts?

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Guest alex

Wasn't he rumoured to be trying to buy up the shares so he could take the club off the Stock Market?

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I think that's his plan and the longer Souness stays the lower the share price gets...

Edited by Bizza

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He's bought another 234,527 shares on Tuesday too. Now holds 27.47% of the club and has spent about £283,000 in the last 2 days on buying up shares.

 

There has to be something in the offing as I cannot see any reason to invest in the club at the present can you?

 

I'd be very surprised if he could afford to buy out all the remaining shares if he gets to the 30% figure and has to make an offer to all shareholders.

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He's bought another 234,527 shares on Tuesday too. Now holds 27.47% of the club and has spent about £283,000 in the last 2 days on buying up shares.

 

There has to be something in the offing as I cannot see any reason to invest in the club at the present can you?

 

I'd be very surprised if he could afford to buy out all the remaining shares if he gets to the 30% figure and has to make an offer to all shareholders.

81175[/snapback]

 

The contents of the release to the stock exchange:

 

RNS Number:0544X

Newcastle United PLC

17 January 2006

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY OR CONNECTED PERSONS

 

This form is intended for use by an issuer to make a RIS notification required

by DR 3.1.4R(1).

 

(1)  An issuer making a notification in respect of a transaction relating to the

     shares or debentures of the issuer should complete boxes 1 to 16, 23 and

     24.

(2)  An issuer making a notification in respect of a derivative relating to the

     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and

     24.

(3)  An issuer making a notification in respect of options granted to a director

     /person discharging managerial responsibilities should complete boxes 1 to

     3 and 17 to 24.

(4)  An issuer making a notification in respect of a financial instrument

     relating to the shares of the issuer (other than a debenture) should

     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

Please complete all relevant boxes in block capital letters.

 

1. Name of the issuer

Newcastle United PLC

 

2. State whether the notification relates to (i) a transaction notified in

accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4®(1)(B) a disclosure made in accordance with section 324 (as

extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

BOTH

 

3. Name of person discharging managerial responsibilities/director

W.F. Shepherd

B.S. Shepherd

 

4. State whether notification relates to a person connected with a person

discharging managerial responsibilities/director named in 3 and identify the

connected person

Shepherd Offshore Ltd

 

5. Indicate whether the notification is in respect of a holding of the person

referred to in 3 or 4 above or in respect of a non-beneficial interest

W.F. Shepherd

B.S. Shepherd

 

6. Description of shares (including class), debentures or derivatives or

financial instruments relating to shares

5P ORDINARY SHARES

 

7. Name of registered shareholders(s) and, if more than one, the number of

shares held by each of them

 

8 State the nature of the transaction

PURCHASE

 

9. Number of shares, debentures or financial instruments relating to shares

acquired

234,527

 

10. Percentage of issued class acquired (treasury shares of that class should

not be taken into account when calculating percentage)

0.18%

 

11. Number of shares, debentures or financial instruments relating to shares

disposed

 

12. Percentage of issued class disposed (treasury shares of that class should

not be taken into account when calculating percentage)

 

13. Price per share or value of transaction

44.9P

 

14. Date and place of transaction

17 January 2006

 

15. Total holding following notification and total percentage holding following

notification (any treasury shares should not be taken into account when

calculating percentage)

36,560,754 27.47%

 

16. Date issuer informed of transaction

17 January 2006

 

If a person discharging managerial responsibilities has been granted options by

the issuer complete the following boxes

 

17 Date of grant

 

18. Period during which or date on which it can be exercised

 

19. Total amount paid (if any) for grant of the option

 

20. Description of shares or debentures involved (class and number)

 

21. Exercise price (if fixed at time of grant) or indication that price is to be

fixed at the time of exercise

 

22. Total number of shares or debentures over which options held following

notification

 

23. Any additional information

BASED ON 133,107,121 SHARES IN ISSUE

 

24. Name of contact and telephone number for queries

Ken Slater, Financial Controller 0191 201 8679

 

Name and signature of duly authorised officer of issuer responsible for making

notification

Ken Slater, Financial Controller

 

Date of notification

17 January 2006

 

 

 

 

                      This information is provided by RNS

            The company news service from the London Stock Exchange

 

END

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He bought another 700,000 shares today, up to 28% now...

81191[/snapback]

 

Wonder if this little venture is in any way responsible for why we have no transfer funds available?

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He bought another 700,000 shares today, up to 28% now...

81191[/snapback]

 

Wonder if this little venture is in any way responsible for why we have no transfer funds available?

81192[/snapback]

 

I know what you are thinking Craig. He cannot use the club's money to buy shares for himself BUT by not burdening the club with any more debt for player purchases it would help to make it more attractive for a buyout. Or if he does take it private then he'll want the least amount of loans outstanding as possible.

 

We can only speculate (unfortunately) until he reaches the 30% figure and has to divulge his plans :rolleyes:

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He bought another 700,000 shares today, up to 28% now...

81191[/snapback]

 

Evidence:

 

RNS Number:0916X

Newcastle United PLC

18 January 2006

 

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY OR CONNECTED PERSONS

 

This form is intended for use by an issuer to make a RIS notification required

by DR 3.1.4R(1).

 

(1)  An issuer making a notification in respect of a transaction relating to the

     shares or debentures of the issuer should complete boxes 1 to 16, 23 and

     24.

(2)  An issuer making a notification in respect of a derivative relating to the

     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and

     24.

(3)  An issuer making a notification in respect of options granted to a director

     /person discharging managerial responsibilities should complete boxes 1 to

     3 and 17 to 24.

(4)  An issuer making a notification in respect of a financial instrument

     relating to the shares of the issuer (other than a debenture) should

     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

Please complete all relevant boxes in block capital letters.

 

1. Name of the issuer

Newcastle United PLC

 

2. State whether the notification relates to (i) a transaction notified in

accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4®(1)(B ) a disclosure made in accordance with section 324 (as

extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

BOTH

 

3. Name of person discharging managerial responsibilities/director

W.F. Shepherd

B.S. Shepherd

 

4. State whether notification relates to a person connected with a person

discharging managerial responsibilities/director named in 3 and identify the

connected person

Shepherd Offshore Ltd

 

5. Indicate whether the notification is in respect of a holding of the person

referred to in 3 or 4 above or in respect of a non-beneficial interest

W.F. Shepherd

B.S. Shepherd

 

6. Description of shares (including class), debentures or derivatives or

financial instruments relating to shares

5P ORDINARY SHARES

 

7. Name of registered shareholders(s) and, if more than one, the number of

shares held by each of them

 

8 State the nature of the transaction

PURCHASE

 

9. Number of shares, debentures or financial instruments relating to shares

acquired

717,751

 

10. Percentage of issued class acquired (treasury shares of that class should

not be taken into account when calculating percentage)

0.54%

 

11. Number of shares, debentures or financial instruments relating to shares

disposed

 

12. Percentage of issued class disposed (treasury shares of that class should

not be taken into account when calculating percentage)

 

13. Price per share or value of transaction

44.0P

 

14. Date and place of transaction

18 January 2006

 

15. Total holding following notification and total percentage holding following

notification (any treasury shares should not be taken into account when

calculating percentage)

37,278,505 28.01%

 

16. Date issuer informed of transaction

18 January 2006

 

If a person discharging managerial responsibilities has been granted options by

the issuer complete the following boxes

 

17 Date of grant

 

18. Period during which or date on which it can be exercised

 

19. Total amount paid (if any) for grant of the option

 

20. Description of shares or debentures involved (class and number)

 

21. Exercise price (if fixed at time of grant) or indication that price is to be

fixed at the time of exercise

 

22. Total number of shares or debentures over which options held following

notification

 

23. Any additional information

BASED ON 133,107,121 SHARES IN ISSUE

 

24. Name of contact and telephone number for queries

Ken Slater, Financial Controller 0191 201 8679

 

Name and signature of duly authorised officer of issuer responsible for making

notification

Ken Slater, Financial Controller

 

Date of notification

18 January 2006

 

 

 

                      This information is provided by RNS

            The company news service from the London Stock Exchange

 

END

 

Something

fish.gif
y is going on... :rolleyes:

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Something
fish.gif
y is going on...  :rolleyes:

81197[/snapback]

 

Fat Fred has constantly increased his shares in the past, so there is nothing new. I cannot see any direct link between the purchase of shares and the lack of making transfer funds available.

 

I somewhat doubt that there are any revolutionary plans in Fat Fred's pipeline, just that he probably wants to increase his annual dividends...

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Something
fish.gif
y is going on...  :rolleyes:

81197[/snapback]

 

Fat Fred has constantly increased his shares in the past, so there is nothing new. I cannot see any direct link between the purchase of shares and the lack of making transfer funds available.

 

I somewhat doubt that there are any revolutionary plans in Fat Fred's pipeline, just that he probably wants to increase his annual dividends...

81198[/snapback]

 

I don't think there actually is a link, but I was playing devil's advocate for a minute...

 

I don't recall him buying 700,000 shares a day for three days running in the past, but I could be wrong..

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I can't really name names but someone we work with on a regualr basis is pally with the Shepherds. Apparently the plan is to get rid of little Douggie. I don't know if buying these shares helps that plan but the word is that Fat Fred and the rest of the board want the Halls out.

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I can't really name names but someone we work with on a regualr basis is pally with the Shepherds. Apparently the plan is to get rid of little Douggie. I don't know if buying these shares helps that plan but the word is that Fat Fred and the rest of the board want the Halls out.

81205[/snapback]

 

Hope that is true but considering the board only consists of 3 in the Hall camp (Junior, his sister and junior's pal from Gibraltar) and the 2 Shepherds, then the Halls have the voting advantage unless, of course, Revill is now on fatso's side.

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I can't really name names but someone we work with on a regualr basis is pally with the Shepherds. Apparently the plan is to get rid of little Douggie. I don't know if buying these shares helps that plan but the word is that Fat Fred and the rest of the board want the Halls out.

81205[/snapback]

 

It is interesting to note that these shares are being 'bought' by Shepherd Offshore rather than anything Deadly Doug can put his name too...

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At what percentage of shares can the club be taken off the stockmarket ?

81285[/snapback]

 

Not sure of the ruling on that, but I think if he gets to 30%, he is obliged to make an offer...

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Personally I think the equation Souness = poor performance = cheap shares = easy proffit might be use.

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At what percentage of shares can the club be taken off the stockmarket ?

81285[/snapback]

 

90% I think.

81325[/snapback]

 

 

He HAS to make a statement (not an offer) at 30%

 

He then can delist the shares from the LSE at around 70 -75%

 

He has to have around 95% to FORCE you to sell out

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Revill is not a serious shareholder

 

There have been rumours for a while that the Halls (other than Dougie) want out if the price is right

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I'm good friends with the brother of an IFA who just happened to be an investment banker in his past employment. Put this to him:

 

Perhaps you can shed some light on this one. It's been noticed that in the last 3 days, the Newcastle United chairman has bought around 700,000 shares in the club on each day which has raised his holding in the club to just over 28%.

 

Speculation is rife that, like the Glazers did with that club up north who no-one likes, he's trying to buy enough shares so that the club comes off the stock exchange and back into private ownership.

 

What's the rules and regs of this? Someone is suggesting that if he gets to 30%, he has to make a formal bid for the ownership of the club. Is that true?

 

And at what percentage will the club be actually taken off the SE?

 

I have shares in the club which I know are meaningless anyway, I'm just curious if they are literally not going to be worth the paper they're written on in a short space of time...

 

And got this in reply

 

I hadn't seen this was going on. It's very interesting timing for buying more shares in NUFC. Should he go over a holding of 29.99% then he is required to make an offer for the rest of the company unless he is given a waiver by the Takeover panel.

 

Should he actually bid, then you would receive an amount of money per share which is unlikely to be below the current market price but also probably not much more either. If you refused to accept the offer, he'd need to get over 50% to get the bid unconditional and then I think it's 75% and then 90% to force other holders to sell out.

 

I don't know but my hunch is he won't go over 29.99%.

 

Read into that what you will....

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Read into that what you will....

81387[/snapback]

 

I read into it what I said above, more shares, more dividends, more pies ... I don't think Fat Fred has any other revolutionary plans...

Edited by Isegrim

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Buying shares at 41p each for a divi of 2p isn't very clever- he's buying:-

 

1. to support the price - you have to remember the shares are counted as Assets on Shepherd Offshore's balance sheet - if they go down the tubes then the Shepherds main company is hurt

 

2. to put himself in pole position if someone DOES bid for the whole thing - or tries to buy out the Halls

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