Special General Meeting Update

At the Special General Meeting the following motion will be tabled;-

This Special General Meeting of the JagsTrust notes the offer by Partick Thistle Football Club to merge the existing members of the 1876 Club into the newly created Centenary Fund and, in particular, that;-

- There is no longer a requirement for the JagsTrust to pay an annual fee in cash or in kind to maintain their position on the Club Board in recognition of the unique role played by our Club Board Representative

- That “B” shares in Partick Thistle Football Club will be issued to the JagsTrust in respect of monies paid to the Centenary Fund in the first year for the existing members of the 1876 Club. For subsequent years, a payment of 10% each year in cash will be made in respect of continuing contributors which the JagsTrust may choose to convert into shares or otherwise use as they see fit.

- That new members of the Centenary Fund will be able to indicate that they wish their contributions to the Centenary Fund to be used to generate additional “B” shares for the JagsTrust in their first year of payment. For subsequent years, a payment of 10% each year in cash will be made in respect of continuing contributors which the JagsTrust may choose to convert into shares or otherwise use as they see fit

- The club will make available 24 hospitality places per annum for use by the Trust provided only that these are not sold at a rate less than that applicable at the time

- The club board will consider an invitation to the JagsTrust to provide a second board member in 2010.

This meeting agrees that this offer meets our objectives and should be accepted. It also authorises the Trust Board to make the necessary arrangements to manage the migration of 1876 Club members to the Centenary Fund recognising that the power to migrate lies with the individual members.

Please note that this includes a change in the original offer as allowance is made for ongoing contributions in second and subsequent years.

The format of the meeting on Tuesday evening will be as follows;-

Eddie Prentice and David Beattie have been invited to attend and to speak to those present, and also to answer question from the floor. Please note that any questions must be related to the proposal on the table, and the meeting will be chaired with this focus. Once this is concluded, they will then leave the meeting.

This will be followed by a report from the Working Party followed by a debate amongst the members present. After this, the motion will be put to the vote. Please note that amendments from the floor will be permitted but only so far as they do not widen the context of the motion

We hope to see as many of you as possible at Firhill on Tuesday night