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Trust bid 'fully on track': Spokesperson
Thursday, 25 October 2012 21:19
Fratton Park overhead view
The Trust bid, and particularly progress towards issuing the PST share prospectus, is fully on track according to Trust spokesperson Colin Farmery.
Having been named as preferred bidder to buy the club a week ago, the bid team has been working hard behind the scenes to ensure the bid stands the best chance of success.
One of the key aspects is the publication of the share prospectus, which is close to completion: ‘The prospectus is all-but ready but we are going through the final approval process with the lawyers and our accountants since this is a very complex deal and we need to be sure we have covered all our bases. We are acutely conscious of the need to do this absolutely right,' said Farmery.
‘In addition, we have another meeting scheduled with PKF next week to discuss the bid progress and we are confident we will be able to announce a formal launch date for the prospectus soon after that.
‘We believe we have a very attractive offer for potential shareholders and we are sure there are more fans out there who are waiting to come forward and pledge once they see the offer.
‘Since PST was announced as preferred bidder we have seen a significant increase in people applying for shares and we expect that trend to continue,’ he added.
For more information on the PST Community Club bid, visit www.communitypompey.co.uk