Official WBA statement
CHAIRMAN Jeremy Peace will today (May 31, 2013) transfer his 59.9 per cent shareholding in West Bromwich Albion Group Limited to a new company, West Bromwich Albion Holdings Limited.
Peace will be the sole director of West Bromwich Albion Holdings Limited and will own 100 per cent of the new company. West Bromwich Albion Holdings Limited will in turn own 59.9 per cent of West Bromwich Albion Group Limited.
As a result, West Bromwich Albion Holdings Limited will become the ultimate parent company of the West Bromwich Albion group of companies and West Bromwich Albion Group Limited will now become a non-trading subsidiary.
In light of this, Peace has stepped down from the Board of West Bromwich Albion Group Limited, leaving the Football Club’s Chief Executive Mark Jenkins as the sole director.
Peace remains as Chairman and Director of the Football Club and these developments will have no impact on his full involvement at The Hawthorns.