Anyway, today on the liverpoofc.tv website Liverpool announced that...
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Club confirms that it has 34,823 ordinary shares of £5 each in issue. There are no other relevant securities in issue.
The Liverpool Football Club and Athletic Grounds PLC
Liverpool official site Rule 2.10 announcement
The official line on this is that apparently this is the usual process for one of two reasons;
1) A certain amount of shares over a certain threshold have or are about to change hands. ie a large amount, not your man in the street buying one or two.
2) A formal bid is on the table for a takeover/change of ownership.
Now I am no financial whizz kid, in fact I do not have a jar of glue about stocks and shares, but the take over panel website tells us that;
When an offer period begins, the offeree company must announce, as soon as possible and in any case by 9.00am on the next business day, details of all classes of relevant securities issued by the company, together with the numbers of such securities in issue. An offeror or potential named offeror must also announce the same details relating to its relevant securities by 9.00am on the business day following any announcement identifying it as an offeror or potential offeror, unless it has staed that its offer is likely to be solely in cash.
Any such announcement should include, where relevant, the ISIN for each relevant security. If the information included in an announcement made under this Rule change during the offer period, a revised announcement must be made as soon as possible.
thetakeoverpanel.org info (requires Adobe Reader)
This makes me think that there will be some action tomorrow on the take over/investment front.
It was in fact the same thing that happened with Manchester United arounf the time that Malcolm Glazer purchased large amounts of shares, and attempted to buy out the club. (Excuse the links below)
4th October Man United announcement
5th October Man United announcement
Exciting and slightly worrying times, I am sure you will agree......