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Club News

Chairman issues shares offer

10 June 2014

Official WBA statement

West Bromwich Albion Holdings Ltd (‘WBAH’), which is owned by Club Chairman Jeremy Peace, has today (June 10, 2014) issued a tender document as it offers to acquire up to a further 770 ordinary shares in West Bromwich Albion Group Ltd (‘WBAG’).
 
WBAH recently acquired a further seven per cent of WBAG, bringing its total stake up to approximately 67 per cent.
 
Following the completion of the 2013/14 campaign, WBAH believes it is fair to offer shareholders the opportunity to sell their shares at the same price of £3,000 per ordinary share if they so wish, which may result in WBAH acquiring up to a further eight per cent of WBAG. This would see WBAH’s shareholding rise to just over 75 per cent of WBAG.
 
The Chairman’s majority shareholding in WBAG was transferred a year ago to a new company, WBAH, which is now the ultimate parent company of the West Bromwich Albion group of companies. 
 
The tender offer will close on July 3 at 3pm but this deadline may be extended by WBAH by a further 14 days.

WBAH also has the option to acquire further shares ('Excess Shares') should these be tendered by shareholders.

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