The Board have proposed an increase in the authorised share capital of the company in order to enable further equity investment in the Club.
Presently there is a limit of £10,000,000 on the value of shares that can be issued and this could be exceeded in the next 12 months. The attached written resolution for consideration by the shareholders of the Club proposes to increase this limit to £25,000,000 to more than adequately cover the needs of the Club in the foreseeable future.
If you are a shareholder of Scunthorpe United Football Club Limited, please consider the written resolution, and if in agreement please sign and date a copy and return to Leanne Mayo at the club (leanne.mayo@scunthorpe-united.co.uk) within 28 days.