The Trust’s primary purpose is the purchase of shares in Norwich City in order to give the fans the loudest possible voice to the Club board.
We started in 2002 with no shares and over the following years we have managed to build a significant shareholding in the Club.
The Trust currently holds:-
2,650 ORDINARY SHARES.
1,100 A-PREFERENCE SHARES.
10 B-PREFERENCE SHARES.
This makes the Trust, and, by extension the fans, the 14th largest shareholder in NCFC.
We now require just 110 shares to become the 13th largest shareholder.
WHAT ARE THE DIFFERENT TYPE OF SHARES
Ordinary shareholders have the right to a company’s residual profits and the right to attend and vote at AGMs. They are entitled to receive dividends if any are available after the dividends on preferred shares are paid. 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. As such, ordinary shareholders are considered unsecured creditors.
A-PREFERENCE AND B-PREFERENCE SHARES.
Preference shares are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued. If the company enters bankruptcy, the shareholders with preferences stock are entitled to be paid from company assets first. Most preference shares have a fixed dividend, while common stocks generally do not. Preference stock shareholders can attend but typically do not hold any voting rights, but common shareholders usually do.