West Bromwich Albion chairman Jeremy Pearce is trying to increase his stake in the club from 60 to 65 per cent. He has written to all shareholders making an offer for up to 500 ordinary shares. The tender offer is at a price of not less than £1,200 and not more than £1,500 for each share. Priority will be given to those ordinary shares tendered at the lowest price within the tender price range.
West Bromwich Albion chairman Jeremy Pearce is trying to increase his stake in the club from 60 to 65 per cent. He has written to all shareholders making an offer for up to 500 ordinary shares. The tender offer is at a price of not less than £1,200 and not more than £1,500 for each share. Priority will be given to those ordinary shares tendered at the lowest price within the tender price range.
Spokespersons for small shareholders thought that the offer was unlikely to be sufficient to tempt many to sell. In any case, it is difficult to see what material difference the increase would make to his control of the club, as he would need 75 per cent to require all other shareholders to sell up.