Report Delia Smith set to won majority shareholding in Norwich City

Norwich City have confirmed a general meeting next month to ratify a process that will lead to parity in shareholding between US businessman Mark Attanasio’s Norfolk and current majority shareholders, Delia Smith and Michael Wynn Jones.

The club said in a statement on its website that it had issued a notice to the club’s ordinary shareholders of a general meeting to be held on Monday 2 October at its Carrow Road ground.

 Report Delia Smith set to won majority shareholding in Norwich City
 Report Delia Smith set to won majority shareholding in Norwich City

The statement said the formal business will revolve around the allotment of 195,012 ordinary shares to Norfolk FB Holdings, LLC (“Norfolk”), the group led by Mark Attanasio.

If approved, the allotment will lead to parity in shareholding between Norfolk and current majority shareholders, Delia Smith and Michael Wynn Jones.

The statement added: “The Takeover Panel has agreed to waive the obligation under Rule 9 of the Takeover Code (which is applicable to the club as a public limited company) for Norfolk to make a mandatory financial offer to existing shareholders to purchase their shares. At the general meeting, the club’s ordinary shareholders, with the exception of Delia Smith, Michael Wynn Jones and Norfolk, will be asked to approve the waivers granted by the Takeover Panel and authorise the allotment of 195,012 ordinary shares to

Norfolk.

“Included with the notice sent to ordinary shareholders is a circular containing all the relevant information required by the Takeover Panel to explain the background to, and purpose of, the general meeting, to assist shareholders in casting their votes. The circular, along with other relevant documents can be found at canaries.co.uk/rule9waivercircular.”

It added: “Only the club’s current directors and ordinary shareholders will be permitted to attend, and given the anticipated short length of the meeting, shareholders are encouraged to vote in advance by proxy.

“The club will issue a further announcement following the conclusion of the general meeting.”

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