SHARE OWNERSHIP
Becoming a shareholder in Port Vale is an excellent way to demonstrate support to your favourite football club. Ownership of shares in Port Vale is not expensive and is very easy to arrange. Shares can be purchased by any member of the Valiant 2001 Association for which membership is available to bone-fide supporters through payment of a one-time fee of just £5.
Being a shareholder in Port Vale is not just about putting money into the Club. As a shareholder you effectively own a part of the Club and you therefore have rights to a voice in the Club's activities. You are entitled to attend, vote and have the chance to speak at annual meetings or other meetings arranged for shareholders. You can vote in members of the Board of Directors, vote in the financial auditor and vote on resolutions brought by the Board. Share ownership does not convey any of the Club's liabilities onto the shareholder.
To purcahes shares in Port Vale, it is necessary by law to be a member of the Valiant 2001 Association at a cost of £5 by completing a simple application form. The minimum investment is £50 and shares are available in increments of £5 over and above this minimum up to a maximum of 24.9% of the issued share capital. A share saving scheme is also in operation with the monthly investment, in multiples of £5, collected by standing order payment directly from your bank.
To make a purchase of shares in Port Vale, you can download the forms from this page or alternatively you can collect the appropriate application forms from the reception in the Lorne Street Stand. If you would like to purchase shares through the share saving scheme, please forward your completed standing order form to the Club and we will make the necessary arrangements directly with your bank.
Answers to a number of frequently asked questions concerning the purchase and ownership of shares in Port Vale appear below. For further information on any of these topics or if you have any other questions concerning the buying and owning of shares in Port Vale please call Mike Aldridge on 01782 655800 or email mike.aldridge@port-vale.co.uk.
Frequently asked questions:-
Q: Why do I have to be a member of the Valiant 2001 Association in order to buy shares in Port Vale?
A: Port Vale (Valiant 2001) Football Club is a private Limited Company and is prevented by Corporate Law from issuing shares to the general public.The Port Vale (Valiant 2001) Association can, however, issue shares to its members and therefore in order to buy shares it is necessary to be a member of the Association.The cost of membership is £5.00.See link below to membership application form.
Q: What rights do I gain from being a shareholder?
A: As a shareholder you have the right to a voice in the Club's activities. You are entitled to attend, vote and have the chance to speak at meetings arranged for shareholders. You can vote in members of the Board of Directors, vote in the financial auditor and vote on resolutions brought by the Board.
Q: If I purchase shares in Port Vale will I be responsible for any of the Club's Liabilities?
A: Absolutely not.Ownership of shares does not confer any of the financial liabilities of the company to the owner of the shares.
Q: How many shares are available for sale?
A: The authorised share capital is £5m.As at January 2008 approximately £1.2m worth of shares have been issued and fully paid up, leaving around £3.8m worth of shares available for sale.
Q: How many shares can I buy?
A: Shares have a face value of £5.00 each and the minimum purchase is 10 shares costing a total of £50.00.The maximum purchase allowable is 24.9% of the issued share capital. See link below to share purchase application form.
Q: Do I have to purchase shares outright?
A: Shares can be purchased outright or it is possible to subscribe to a monthly payment scheme in increments of £5.Monthly payments are collected by standing order subscription.See link below to monthly subscription form.
Q: Will I be entitled to receive dividends on the shares that I purchase?
A: Port Vale is run as a not-for-profit operation and is committed to re-invest any surplus funds generated back into the business.The club also has other contractual commitments which preclude the payment of dividends to its shareholders.The likelyhood of a dividend being paid either now or in the foreseeable future is therefore extremely remote.
Q: Will I receive a share certificate?
A: A certificate is normally issued for each outright purchase of shares.When shares are purchased by monthly subscription the appropriate certificate(s) will be issued at the club's discretion, or as otherwise reasonably agreed with the purchaser, dependent upon the value of the subscription.
Q: Can I sell my shares?
A: It is not normally possible for the club to re-purchase shares but it is possible for shareholders to sell shares to any other individual by private treaty. In order to do this a share transfer form must be completed and in certain circumstances Stamp Duty will be payable. For further information please contact Club Secretary W Lodey who can advise on the necessary procedure and likely cost involved.
Click on the link(s) below to download the relevant forms for Valiant 2001 membership, share purchase application or monthly standing order subscription.
When you have downloaded a form you will need to print it off, fill it in and then send it to:
W A Bratt
Chairman
Port Vale Football Club
ValePark
Burslem
Stoke on Trent
ST6 1AW
