Members of the Trust, and other supporters, will be aware that the Board of Woking Football Club is in negotiation with a new investor, and that it has stated that it is confident that this investment will secure the long-term future of the Club. In order to progress this matter, the Board of the Football Club has called a General Meeting to approve the transfer of all Ordinary shares held by Peter Jordan, the majority shareholder and a Director of Woking Football Club Limited.
The General Meeting was originally planned to take place on 25 May, but has now been postponed to an undecided, later date, “pending ongoing, detailed and positive discussions”. As the shareholder with the second largest number of shares, the Cards Trust is anxious to ensure that the views of its members are reflected in the vote for the resolution at the General Meeting. However, the original date for the Football Club’s General Meeting meant that the Cards Trust Board was not given sufficient notice to call for a Special General Meeting of the Trust, as our constitution effectively requires at least 16 days’ notice to be given.