New Directors in the holding company
Anindya Novyan Bakrie David Paul Finlayson Horst Joachim Franz Geicke Rudi Setia Laksmana
Thanks for both of these posts.
New Directors in the holding company
Anindya Novyan Bakrie David Paul Finlayson Horst Joachim Franz Geicke Rudi Setia Laksmana
Sounds like spin to me.
Yes, and will the boardroom table be made of sustainably sourced teak?
At the risk of over-egging my enthusiasm I expect the board will reveal all in an announcement at a time of their choosing.
Whose registered address has changed?The registered address has changed as well. Now listed at the training ground.
You can get sustainably sourced teak?
So this is what the eyes alluded to?There's no spin.
Firstly, the "take over" of the Holding Company has now happened, with the shares being re-allocated as per Mark Gelder's post, showing Tiger now only having 13%, compared to the initial 60% he held when first arriving. Secondly, Anindya, Horst, and a proxy of Erick's are now Directors of the Holding Company, whereas previously it was only Tiger. Both of these actions show a clear change in the balance of power and decision making ability.
Lastly, a company has been formed and registered at Companies House, Oxford Park Developments Limited, as the vehicle to build the stadium. It's Directors are the same investors as the Holding Company (minus Tiger) but including OUFC's Finance Director, Tim Davies, and it's address is the club's training ground. It states it's activity as the construction of commercial properties. I really don't know what could be clearer?
Hence my initial post, over a week ago, with the when somebody suggested it had all gone quiet and nothing was happening. These changes happened two weeks ago at the Holding Company and the Development Company was formed prior to that.
I was distracted by the new company, Oxford Park Development.Whose registered address has changed?
OUFC is still at Grenoble Road.
Oxford Investment Holding PTE is still registered in Singapore.
There's no spin.
Firstly, the "take over" of the Holding Company has now happened, with the shares being re-allocated as per Mark Gelder's post, showing Tiger now only having 13%, compared to the initial 60% he held when first arriving. Secondly, Anindya, Horst, and a proxy of Erick's are now Directors of the Holding Company, whereas previously it was only Tiger. Both of these actions show a clear change in the balance of power and decision making ability.
Lastly, a company has been formed and registered at Companies House, Oxford Park Developments Limited, as the vehicle to build the stadium. It's Directors are the same investors as the Holding Company (minus Tiger) but including OUFC's Finance Director, Tim Davies, and it's address is the club's training ground. It states it's activity as the construction of commercial properties. I really don't know what could be clearer?
Hence my initial post, over a week ago, with the when somebody suggested it had all gone quiet and nothing was happening. These changes happened two weeks ago at the Holding Company and the Development Company was formed prior to that.
New Directors in the holding company
Anindya Novyan Bakrie David Paul Finlayson Horst Joachim Franz Geicke Rudi Setia Laksmana
Shuffling of the shareholdings. No new shares issued:
WAS Sumrit Thanakarnjanasuth 3,428,110 21.96%Knightsbridge Asia Ltd 4,562,138 29.22%Empire Asia Group Company Limited 1,697,955 10.88%PT. Brown Sports Management Asia 2,669,680 17.10%PT. EMT Aset Investama 3,252,531 20.84%15,610,414 100.00%NOW Sumrit Thanakarnjanasuth 2,104,315 13.48%Knightsbridge Asia Ltd 5,325,099 34.11%Empire Asia Group Company Limited 1,239,238 7.94%PT. Brown Sports Management Asia 3,325,168 21.30%PT. EMT Aset Investama 3,616,594 23.17%15,610,414 100.00%
You can but locally sourced oak, ash etc. is much more sustainable and better for the environment.You can get sustainably sourced teak?
If it's not made from recycled shipping containers then I'm not goingYou can but locally sourced oak, ash etc. is much more sustainable and better for the environment.
cheers for locating and sharing the above info @MarkG - interesting update
the 100% of 15,610,414 shares listed doesn't mention minority shareholders of/ in OUFC? ..... would they be additional to the figures given in terms of shares held by board members?.... I assume that is the case
aha .... understand nowThose shares will be in Oxford United rather than the Holding Co I'd have thought.
That lease will come from the councils if agreed. Various parties have to agree to cancellation their current leases first.IIRC OUFC will get a secured (somehow) 200-year lease from the property company, so the ownership of the property (or I suppose the company) should not affect OUFC once it's all done.
As already mentioned, the shareholders of OUFC are 0.4% minority shareholders, and 99.6% held by Oxford Investment Holdings PTE. What we have been looking at is who the shareholders are in OIH.cheers for locating and sharing the above info @MarkG - interesting update
the 100% of 15,610,414 shares listed doesn't mention minority shareholders of/ in OUFC? ..... would they be additional to the figures given in terms of shares held by board members?.... I assume that is the case
Thanks for clarifying @MarkG , appreciatedAs already mentioned, the shareholders of OUFC are 0.4% minority shareholders, and 99.6% held by Oxford Investment Holdings PTE. What we have been looking at is who the shareholders are in OIH.
For sake of history, minority shareholders used to own about 13 % of the ordinary shares in OUFC, but when Tiger took over, rather than buying Ensco (Eales's shares), they issued about nine times as many new shares, so that Ensco would be a <10% holder, and diluting the minority holdings down to 0.4%. These Ensco shares have subsequently been transferred to OIH.
I thought it was the council (landowner) will grant a 200 year lease to Prop Co. Next step is the lease/licence between OUFC and PropCo. Scotchers is convinced we will have a peppercorn rent and benefit from stadium revenues, though quite how generous the benefit is remains to be seen. If the same people control OUFC and PropCo, then they can agree what they like, but we've all seen what happens when there are different owners of club and ground.IIRC OUFC will get a secured (somehow) 200-year lease from the property company, so the ownership of the property (or I suppose the company) should not affect OUFC once it's all done.