SHARES

Norwich City Football Club shares.

Important. Potential buyers and sellers are advised to note that the share capital of Norwich City Football Club plc is NOT listed upon, or dealt in, on any authorised stock exchange. Any investment in an unquoted company, such as the Club, is purely speculative, carries a high degree of risk, which may result in the loss of your capital.

The Canaries Trust, with the agreement of the directors of Norwich City Football Club plc, has, for several years now, offered a “matched bargain basis” for potential buyers and sellers, via this website. Anyone wishing to acquire or dispose of shares in the Football Club can therefore list their interest here, which aims to put you in touch with other potential buyers and sellers.

It is important to note that the Trust cannot offer advice to potential buyers or sellers in relation to the price of shares in the Football Club. It is for buyers and sellers to agree a sale price between themselves.

The Trust requests a small voluntary donation from potential sellers as a listing fee for use of this website.

The first priority of the Canaries Trust is to continuously increase it’s shareholding in Norwich City Football Club through share purchases, subject to available funds, or bequests, from existing shareholders, so that Norwich City fans will forever have a financial stake in the Club.

If you have any specific share related questions please email us:

shares@canariestrust.org

Share donors.

The Canaries Trust wishes to thank the following individuals for their kind share donations.

Mr M Penney, Mr C Dennis, Mrs CE Reynolds, Mr Botwright, I Mills (deceased), Mr J Peppard and Mr P Bond.

Seeking to Sell Shares.

NameSharesPriceDate
P C404£80.00 eachNov ’17
C M E640£30.00 eachJuly ’19
S B150£60.00 eachAug ’19
D J J32£75.00 eachNov ’19
DF8£40.00 eachNov ’19
J A12£75.00 eachNov ‘19
J A10 B-Pref£100.00 eachNov ‘19

Seeking to Buy Shares.

NameSharesPriceDate
MB1Subject to PriceAug ’17
JM100+Subject to PriceNov ’17
ADAnySubject to PriceJuly ’18
HL5Subject to PriceDec ’18
SB2 – 10Subject to PriceApril ’19
VD5Subject to PriceJune ’19
MT1 – 5Subject to PriceNov ’19
M K1 – 2Subject to PriceNov ‘19

Shares – Further Guidance.

Introduction. There are three different classification of shares in Norwich City Football Club plc, Ordinary, A-Preference and B-Preference, as detailed below. There are important differences in these share classifications, especially in relation to their respective potential pricing values.

Ordinary shares. There is currently just under 617,000 allocated Ordinary shares. As at the 30 June 2019, Ms DA Smith and EMS Wynn Jones jointly held just over 327,200 shares – approximately 53% of the issued share capital of the club. Ordinary shareholders have the right to attend and vote at AGM’s, to receive dividends (in theory, although, in practice, the Club does not declare dividends on Ordinary shares). They are also entitled to their share of the residual economic value of the company should the business unwind; however, they are last in line after bondholders and preferred shareholders for receiving business proceeds. Ordinary shareholders are considered unsecured creditors.

Preference shares. There are two different preference share classification; A-Preference and B-Preference. The distinction between the two is important, in terms of annual dividend accruals, redemption rights and, critically, price.

A-Preference shares. There are 9,675 A-Preference shares, with a 5,25% annual preference dividend, but, critically, there are no rights of redemption.

B-Preference shares. In contract, the 14,186 B-Preference shares, with a 4.5% annual preference dividend, contain limited redemption rights, but only in the January of the year following the Club’s promotion to the Premier League, or retention of Premier League status. To redeem B-Preference shares in the following January, B-Preference shareholders must service notice on the Club’s Company Secretary on, or before, the 1st October. In the event of the company entering into bankruptcy, the preference shareholders will be paid from company assets first. Preference stock shareholders can attend AGM’s but do not hold any voting rights.

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