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Fans to fail at EGM hijack

Wednesday, 14 June 06, 01:12 PM · Comments (0)

An Extraordinary General Meeting (EGM) is held to enable shareholders to approve special transactions such as large acquisitions, mergers and disposals which can't wait until the Annual General Meeting (AGM).

When a company calls an EGM it's because it's important and when they announce the details of the EGM they have to clearly state the purpose. On occasion the company may also use the opportunity to discuss other points but when a company clearly states that no other points are to be discussed that's exactly what it means and to change the way things are done at Aston Villa plc we've only got two options.

Now, I'm all for answers but how many times do we have to be told that they're not allowed to tell us? This EGM is called to dispose of land and raise some much needed funds, hopefully to get rid of O'Leary as well as reduce debt; in my book all is good, however I suppose everything is worth trying even if I think it's wasted time and probably money.

There are only two people that could add something to the agenda. One is Doug Ellis and the other is Jack Petchey.

We know what the response will be from the office of the chairman and I'm afraid unless Petchey is all of a sudden going to get interested in day to day matters or is amazingly out of the loop then he'll not request anything either; although we can always hope.

Let's get the sale approved, which it will be and hopefully move on to a new chapter.

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Topics: Aston Villa
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