mazatec wrote:This may mean a major change in the running and ownership of our club, once a certain percentage of the total number of share in circulation is reached it must be made public, consequently this why this news is placed in the public domain.
This is a relative small amount in financial terms . but this could the start, of ownership transfer.and existing shareholders may be rubbing there hands or more than likely crying in there beer.
I think that just applies to PLC's and I think the holding needed to launch a takeover is 29.9%
MFC is a private company. I dont think anyone is allowed to purchase shares without the approval of the board so this £150,000 share sale must have been sanctioned and is not a hostile bid.