East Stander 0 Posted January 17, 2006 Share Posted January 17, 2006 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? Link to comment Share on other sites More sharing options...
Guest alex Posted January 17, 2006 Share Posted January 17, 2006 Wasn't he rumoured to be trying to buy up the shares so he could take the club off the Stock Market? Link to comment Share on other sites More sharing options...
Bizza 105 Posted January 17, 2006 Share Posted January 17, 2006 (edited) I think that's his plan and the longer Souness stays the lower the share price gets... Edited January 17, 2006 by Bizza Link to comment Share on other sites More sharing options...
East Stander 0 Posted January 18, 2006 Author Share Posted January 18, 2006 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. Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 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:0544XNewcastle 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)( 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 Link to comment Share on other sites More sharing options...
Isegrim 8870 Posted January 18, 2006 Share Posted January 18, 2006 He bought another 700,000 shares today, up to 28% now... Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 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? Link to comment Share on other sites More sharing options...
East Stander 0 Posted January 18, 2006 Author Share Posted January 18, 2006 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 Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 He bought another 700,000 shares today, up to 28% now... 81191[/snapback] Evidence: RNS Number:0916XNewcastle 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 y is going on... Link to comment Share on other sites More sharing options...
Isegrim 8870 Posted January 18, 2006 Share Posted January 18, 2006 Something y is going on... 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... Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 Something y is going on... 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.. Link to comment Share on other sites More sharing options...
sweetleftpeg 0 Posted January 18, 2006 Share Posted January 18, 2006 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. Link to comment Share on other sites More sharing options...
East Stander 0 Posted January 18, 2006 Author Share Posted January 18, 2006 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. Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 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... Link to comment Share on other sites More sharing options...
geordieshandy 0 Posted January 18, 2006 Share Posted January 18, 2006 Maybe Fred just got some Stock Market vouchers for christmas and he's been waiting till now to spend them. Link to comment Share on other sites More sharing options...
Jimbo 133 Posted January 18, 2006 Share Posted January 18, 2006 At what percentage of shares can the club be taken off the stockmarket ? Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 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... Link to comment Share on other sites More sharing options...
Baggio 0 Posted January 18, 2006 Share Posted January 18, 2006 At what percentage of shares can the club be taken off the stockmarket ? 81285[/snapback] 90% I think. Link to comment Share on other sites More sharing options...
Jimbo 133 Posted January 18, 2006 Share Posted January 18, 2006 Personally I think the equation Souness = poor performance = cheap shares = easy proffit might be use. Link to comment Share on other sites More sharing options...
Rob W 0 Posted January 18, 2006 Share Posted January 18, 2006 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 Link to comment Share on other sites More sharing options...
Rob W 0 Posted January 18, 2006 Share Posted January 18, 2006 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 Link to comment Share on other sites More sharing options...
Craig 6300 Posted January 18, 2006 Share Posted January 18, 2006 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.... Link to comment Share on other sites More sharing options...
Isegrim 8870 Posted January 18, 2006 Share Posted January 18, 2006 (edited) 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 January 18, 2006 by Isegrim Link to comment Share on other sites More sharing options...
Rob W 0 Posted January 20, 2006 Share Posted January 20, 2006 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 Link to comment Share on other sites More sharing options...
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