The Hibernian Supporters Ltd has announced its intention to block a proposed deal that could dilute their shares in the club. In a lengthy statement, the organization revealed plans to conduct a poll among its 4000-plus members and respect the majority decision when the vote takes place.
The statement begins by providing context to the voting process that occurred at the Hibernian Supporters AGM on Thursday, February 22nd. It acknowledges the speculation surrounding investment proposals at the football club and the need to prepare for various scenarios.
Upon receiving notice of proposed resolutions for the club’s AGM on February 2nd, the organization acted swiftly to ensure members could share their views and provide instructions on how to vote. Members were given the opportunity to vote in person or by proxy, mirroring the options available to shareholders at the club’s AGM.
Two special resolutions requiring a 75% majority vote were put to the members, reflecting the resolutions to be voted on by shareholders at the club’s AGM.
Despite limited communication from the club regarding the proposed investment, the Hibernian Supporters Ltd has sought to engage and stay informed through media reports. While acknowledging differing views on the proposed resolutions, the organization emphasizes its obligation to seek instruction from members and vote accordingly in line with the outcome, all with the best interests of the club in mind.
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