|Selling Of CTB Shares|
|Tuesday, 01 December 2009 12:39|
The selling of CTB Syndicate shares will follow these guide lines:
If a shareholder is wanting to sell their share for whatever reason it must first be offered to the existing members of the syndicate for a reasonable price, CTB can arrange an independent valuation if this is needed. CTB ADMIN IS EXEMPT FROM THIS RULE
If no syndicate shareholder wants to buy the said shares they will be offered to outside parties, CTB will over see the sale and make sure the seller and buyer are getting a fair deal. If the seller puts more than what we feel the share is worth we will get a valuation and that valuation will stand.
Once a buyer has been found for the shares CTB will need to be notified via email by either the new shareholder or the selling party so paperwork can be updated and sent to Greys QLD.
TRAINING FEES FOR RACE SHARES
Excess training fees paid by the seller will not be refunded - it is up to the seller to include this in the sale price of the shares being sold.
Outside Offer For Any CTB Greyhounds
If a time comes when an outside party is interested in the purchase of one of the CTB greyhounds ALL syndicate members will be made aware of this offer and it will be discussed.
If one or a number of shareholders want to accept an offer that has been put forward but other shareholders dont the shares will first be offered to the existing shareholders in line with the proposed buy out.
|Last Updated on Friday, 02 September 2011 14:29|