Further Stock Exchange Announcement

13 July 2010 17:37
DPNE and Trevor Hemmings have made another announcement to the stock exchange confirming that DPNE now holds 88.5% of the club shares. DPNE now only require a further 1.5% in order to force a full takeover and all remaining shareholders will have to sell at the price quoted. The bad news was that Hemmings other company, Guild Venture Ltd lent the club a further £500,000 to cover the wages for this month. The club now owes over £14m in loans.

Source: FOOTYMAD