Monday 8th July, 2019 at 11:01am
Office Bearers of The Jags Trust (the trading name of The Partick Thistle Supporters Association) have been aware of the ongoing speculation regarding a potential takeover of our Club.
We have also read the statement recently released by PTFC Ltd.
After Save The Jags, the 1,000,000 B Shares allocated to The Jags Trust made supporters the equal largest shareholder, though that position has since been diminished by subsequent share issues and now represents 7.46% of issued shares.
The Jags Trust can confirm that we have not been approached with reference to our shareholding which, in any event, cannot be sold.
We will continue to monitor this situation and have communicated with the Club as representatives of a body of supporters with a significant shareholding, seeking an early opportunity to meet with members of the Board to be briefed on the current position vis-a-vis any potential change of ownership of The Club.
It has now been agreed with the Board that such a meeting will be held at a mutually convenient date as soon as can be arranged.
We hope that it will be possible, thereafter, to provide our membership and the wider support with some definitive, rather than speculative, information.
A similar dialogue with representatives of those seeking to gain ownership of The Club is being sought subject, of course, to their identity being confirmed.
Morag McHaffie
Chairperson: The Jags Trust
