The ‘Drive for Five’ per cent shareholding initiative would give Celtic Trust the ability to call general meetings and submit resolutions to the PLC board.
The Trust is actively exploring a number of proposals to boost the number of shareholders who wish to join the Trust or vote their shares in unison with it.
The ‘Drive for Five’ initiative aims to increase the Trusts shareholding bloc of supporters to more than 5%.
The Shareholder Sub Committee has been working through the Celtic PLC share register and has put forward proposals on how to contact them in stages.
The Trust has now decided to establish a crowd-funding initiative to contact around 12,000 of the 28,000 shareholders. Many will be supporter shareholders from the 1990s who do not ever vote with their shares and we want to encourage them to agree to be contacted by us when AGMs come around.
Anything above 5% within company law would give the Celtic Trust the clout to call general meetings of the PLC.
In effect, share control above 5% gives the Trust increasing impact as a campaigning organisation and as a voice for Celtic Supporters.
Follow this link for more details or to donate to the drive.