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QPR1st is now a shareholder in Loftus Road
plc,
thanks to its Share-Bank scheme
As the first to make use of the scheme, QPR 1st chair David Price
said, "I am very proud that my 1,800-odd shares have been
used to get QPR 1st Share-Bank started. QPR 1st is now a registered
shareholder. The shares held by ordinary QPR fans and small shareholders
amounts to a significant percentage of the Loftus Road company
so, if we all club together, we fans can make a voice as loud
as any other at the club."
QPR1st's Share-Bank scheme is designed to give the Trust itself
a significant shareholding in the club. Using this, though there
are no guarantees that this will happen, QPR 1st will continue
to press the club for proper fan representation to ensure that
the club's financial practices remain sound.
Although at the moment there is no public trade in Loftus Road
plc shares, they retain their voting powers.
Thousands of small shareholders have lost money on QPR shares
prior to the club's fall into administration.
Subsequently, from the last EGM in May 2001, until the announcement
of the EGM that was held in October 2002, there was no communication
whatsoever from the Company to its shareholders.
What we propose
We at QPR1st have set up a scheme, which allows shareholders to
donate some or all of their shares to the Trust. All it takes
is for you to complete a form, included in the share
bank brochure ,which we will provide to you, and post it with
your share certificate to us at QPR 1st. We will forward the transaction
to Lloyds TSB in Worthing who will process it.
To donate your shares, view and download the Share-Bank documentation
and transfer forms here.
Feedback from some shareholders indicated that whilst they supported
the idea of the scheme, they would like to be able to get their
shares back in the event that they resume public trading in the
future. A pledge has therefore been added to the ShareBank rules
so that any shareholder signing their shares over to QPR 1st can
get them back from the Trust on request.
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