Shareholders look for compromise

30 May 2002

Representatives of Shareholders for Albion (S4A) ? the influential group whose members together hold the third largest block of shares in the Club - have been continuing their meetings with Board members in order to try and find ways to settle the current dispute and avoid the necessity of an EGM.

After meeting with Jeremy Peace and Joe Brandrick last week, they met yesterday with Acting Chairman Clive Stapleton, Chief Executive John Wile and Director Barry Hurst. A full meeting of the Albion Board will take place today as the Directors continue to prepare the Club for its first Premiership season.

With the EGM having been formally requested last week, the Club have just over two weeks left to notify shareholders of the date on which it will be held, which must be within four weeks of the announcement. However, the meeting can be cancelled at any time if the parties can reach a satisfactory agreement as to the way forward.

Meanwhile, shares in West Bromwich Albion have moved sharply upwards over the last week, having gained nearly ten pounds since the end of the season as a few purchases of the shares have pushed the price upwards. Albion's shares are normally very thinly traded, with only a few hundred available on the market, but the combination of promotion and Boardroom dispute appears to have rekindled some interest...

Previous Stories:

  27 May 2002:  Hopes for settlement?

  27 May 2002:  Chairman wanted!

  27 May 2002:  Peace addresses WBA supporters

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