It has been pointed out by a B class shareholder that, as per the Companies Act 2006, the club has not provided sufficient notice (at least 14 days) for this Thursday’s AGM Jan 12th.
However, Section 307 of the above mentioned act states there is the option (5) for it to be shortened if the members agree.
Our understanding is that agreement in this scenario is required from A class shareholders only, which we have.
However, whilst a shortened timescale is permissible, on the basis of this objection the club feels it is best to postpone Thursday’s meeting until we get this clarified.
The AGM will now take place on the revised date of Wed Jan 25th, all B Class shareholders will receive a revised notice of meeting.