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Trust confirms SGM arrangements for 6 June
Trust confirms SGM arrangements for 6 June

Trust Special General Meeting

As most supporters will be aware, for some time the Trust has been considering new arrangements for the future funding and management of York City, working towards the calling of a Special General Meeting.


 


The Trust has now announced that it is to hold a SGM on Tuesday 6th June (from 7:30pm) at the Tempest Anderson Hall in York.


 


The SGM has been organised to:



  1. Discuss the current financial position and the Trust Boards considerations about alternatives for the financing, management and ownership of the Club; and

  2. Consider and vote on the motion to members in respect of a proposed change to the future financing, management and ownership of the Club.

 


Citys 1,280 Trust Members will be encouraged to exercise their vote, either by attending the meeting or voting by post.


 


The motion being put to members to vote on is: For the Trust Board to complete the arrangements such that, in overview, J M Packaging Limited will hold 75% (plus one share) ownership of York City Football Club Limited for 1 million of cash investment in the Club, and the Trust will hold 25% (less one share) ownership plus certain special additional shareholder rights.  Further details about the proposal are set out in a letter that will arrive with Trust members within the next couple of days. 


The letter also includes information about the history of the past few years, the current position, and the Trusts considerations about the future financing, management and ownership of the Club.


 

 
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