AFCW PLC Investor Process 2024
Members have asked for an outline of our process in finding, vetting and approving new investors for current and any future available equity should the Majority Rule votes pass.
Investor Process:
- Introduction: Interested parties and club in contact.
- Initial due diligence: Background checks.
- Further due diligence and EFL approval: Proof of funds, EFL’s directors’ test.
- Share subscription agreement: Lawyers draft terms of the investment.
- Dons Trust member approval: DT members vote to approve any investor at 10% or more.
- Shareholder approval: AFCW PLC meeting vote to issue shares.
The AFCW PLC Finance Committee:
Whilst the AFCW PLC Finance Committee take the lead in managing the process of negotiating with a new investor, ultimately it is the responsibility of the AFCW PLC board to ensure that all necessary due diligence takes place around a new investor and that they are comfortable with recommending the new investor.
The AFCW PLC Finance Committee is chaired by Michele Little (AFCW PLC vice chair and Dons Trust treasurer) and comprises the following individuals, all of whom are fans of the club:
- Graeme Price (AFCW PLC & DT board member and former member of DTB FinCom)
- Edward Leek (ex-DT board member)
- Charlie Talbot (ex-AFCW PLC and DT board member)
- David Rey (former chair of DT Finance Committee)
- Iain McNay (former chair of AFCW PLC Board)
- Gaurav Singhvi (minority investor in AFCW PLC)
- Laurie Hill (AFCW PLC head of finance)
- Andrea Knox (Secretary of the Dons Trust)