Broker temporarily suspends trading in Everton shares

Is this good or bad?

I don't really know. I bought a single share about 14 years ago through this company and the price was £1,250. Shares in EFC are generally only bought and sold via matching sellers and buyers which this firm facilitates. In theory, if the current price is £3,500 then I suppose it's a decent profit but I'd sooner retain.

I think once a majority shareholder exceeds a certain percentage, they can force the minority shareholders to sell to them and the proposed share issue may put this into play?

Maybe Paul the Esk can explain further?

Maybe Usmonov is finally coming on board?

Good luck trying to get those 5% shares off Bill.

If Moshiri buys 90% of the shares, then he can buy the other 10% and there is nothing anyone can do about it.

If he can find them, Paul.

I guess the purchase might be assumed, but I hope, at that share price, they can trace a few nice people who've inherited shares, and who've shoved them at the back of a drawer or something.

A good day to bury bad news? Merely asking coz I haven't a clue.

Paul @ 3, Usmanov? What position does he play in, midfield would be handy! :-)

Merry Xmas mate and to all ToffeeWebbers. Which I also extend to Lyndon and Michael, and thanks them for providing the platform which we all enjoy throughout the season.

We all don't always agree, but as long as there are no verbal fisticuffs, that's good because at the end of the day we all share a mutual love of Everton Football Club.

35,000 shares @ £3,500 = £122.5M... not a lot in real terms. It will be interesting when the dust settles just how many shares there will be and at what price they are rated.

My guess is that there will be 100,000 shares at, at well, whatever price he thinks he can get away with, say £4,000 per share.

The new value of the Club will be then £400M... which makes a loan for Bramley-Moore Dock, covered by the new value of the Club... in theory.

According to Paul the Esk's blog relating to the publication of Everton's latest set of accounts:

The club announced their intention to issue new shares to Farhad Moshiri through Blue Heaven Holdings Limited. The shares will represent up to £250 million reflecting his previous loans and his recent commitment to a further £50 million injection in November. As a result (including the November injection) at least £100 million will have been provided and up to £150 million of existing shareholder loans will be converted into shares. At a price of £3,000 a share Moshiri's shareholding in the club will increase to above 90% assuming he takes up the full placement offered. Moshiri continues to support the continued holdings of smaller shareholders and I am informed that intention will not change.

I would think that there is a legal technicality with the possibility of the 90% threshold being broken by Moshiri, therefore the Shareholder's Association is seeking clarification – that's my best guess at any rate.

The link to the shareholders website does not work for me but try this - https://www.efcsa.org/. - not that it tells you much.

Like Andy @2 I own one solitary share bought about 4 years ago for £2,000 incl. commission to Blankstones. Also like Andy I don't want to sell even for £4,000. I never expected it to show a profit anyway!

Members of the Shareholders Association may know more about the likely change in value following the new share issue. I would have thought it more likely to decrease slightly, at least until Bramley-Moore Dock receives planning approval.

Nice clip and punchline, Patrick. I'll be visiting Paul's place soon. Looks like positioning for a move not the move itself.

I may be wrong, but I think the rule that makes it compulsory for someone that reaches 90% ownership of a company to bid for the remaining shares only applies to publicly-quoted companies, which is not our case.

David, I think we've had someone tell us that before when this came up, so I think you are right.

Also, I think in meetings with the Shareholders Association, Farhad may have promised them that he would not threaten the position of the small shareholders (or given them some reassurance at least).

Just when I was thinking of investing a few million quid. Ah well.

David, 13, that's correct. There is no legal obligation to bid or sell, the company is privately held and the shareholders can do what they want with regards to ownership.