Se celebrates this Thursday December 16 the Valencia’s first general meeting of shareholders in which it was mandatory own 3,598 shares own or delegated to have access. Measure it was approved a year ago, at the proposal of the board of directors with the support of the 82% of the shares it holds Peter lim through the company Meriton Holdings. Until then, a shareholder could attend the meetings with 9 shares own or delegated. This is, Meriton multiplied by 400 the number of shares required to be accredited at the meeting. Despite the VCF Freedom complaint, one of the opposition groups, and the request for precautionary measures, this requirement was mandatory to access the Mestalla VIP box.
A small group of amateurs -related to Libertad VCF- they were waiting for Murthy and the rest of the Valencia representatives with a banner: Lim Go Home. They did not cross. Either they had entered the stadium long before or they did so through another door. At the board’s presidential table sat the president Anil murthy; directors Joey Lim and Raymond Cheah; the financial director Inma Ibáñez, the lawyers German Cabrera Y Javier Solis; and the notary Ana Julia Roselló.
The meeting was attended by ten shareholders. Vicente Valles, President of the Association of Small Shareholders (6,915 shares representing 349 people) and that, contrary to what its name indicates is favorable to the management of Meriton; Fede Sagreras, President of the Association of Peñas Valencianistas (6,024 shares, 233 people); the members of Freedom VCFRuben Morenete (5,690 shares, 287 people); Dionisio Canales (5,262 shares, 410 people), Jose Antonio Perez (3,598 shares, 329 people), Juan Jose Romero (3,917 shares, 280 people) and Paco Polit (3,728 shares, 249 people); the journalist and shareholder Hector Gomez (4,135 shares, 164 people), the former counselor Antonio Sesé (5.1217 shares, 9 people) and the former president of Valencia Manuel Llorente, with a package of more than 4,000 shares.
Before there were annoying Meetings, or until 2 or 3 in the morning, but that was what happened, it was the only day that shareholders could demonstrate
Was the former president the one who, knowingly, chided Murthy for the decision to exclude minority shareholders: “I am against the 3,598 share limit. This club was made by the fans. Before there were annoying meetings, or until 2 or 3 in the morning, but it was what it played. It was the only day they could demonstrate. The shareholder, the fans that have made this club great, are becoming more and more alienated. Mr. Murthy, there are 43,000 shareholders. You cannot put so many obstacles. Today I represent myself, but there are others who cannot. At the next meeting there will be no one, you will have a coffee and that’s it. ”
Shortly before ten o’clock in the morning, the communication Department of Valencia remembered through his channels usual -wassap and email groups- the express prohibition to access the site if you were not in possession of the 3,598 shares: “It will be totally forbidden to use all or part of the audio, video or reveal what happened in the Assembly [sic] publicly, both during and after its celebration. The Valencia CFSAD reserves to take legal action in this regard“threatened the press release while announcing that it would offer a ‘bulletin’ with” text material and photos with the summary of the same after its completion. ”
Already at the headquarters where the Meeting was held and, according to Paco Polit, , journalist and shareholder, who was telling what was happening through his Twitter profile, German Cabrera, lawyer and secretary of the council, insisted on the ban to disseminate what happened in the VIP box of Mestalla. And it is still a paradox, because Cabrera made it clear to Antonio Sesé that the board is under no obligation to answer questions posed by shareholders: “Society has discretion to decide what to respond to according to law, “he said.
