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F.A.Q.

Grimsby Town Supporters' Trust - Frequently Asked Questions

1. What is a Supporters' Trust?
2. How does the GTST work?
3. How will joining the GTST affect my personal Grimsby shareholding?
4. What benefits are there to GTST membership?
5. Can companies and organisations join?
6. Who will run the Trust?

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1. WHAT IS A SUPPORTERS' TRUST?

Supporters' trusts have been established at most professional clubs in the UK. The aim is to give supporters an ownership stake in their club and a voice in its affairs, and indeed, some trusts now own and control their clubs. The co-ordinating body for supporters' trusts is Supporters Direct, an independent, democratic organisation, funded and supported by Government.

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2. HOW DOES THE GTST WORK?

The GTST is registered as a member-owned mutual limited company (called an Industrial and Provident Society, or IPS). Each member will have one vote irrespective of shareholding and will pay an annual subscription of £15 per year or £1 per month. GTST already owns approx £15,000 of shares in Grimsby Town FC on behalf of it's members.

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3. HOW WILL JOINING THE GTST AFFECT MY PERSONAL GRIMSBY SHAREHOLDING?

Not at all. All the shares you own will remain your property and your right to attend the Club AGM will be totally unaffected. The shares owned by the GTST are the property of all of the members.

There will be nothing to stop you buying further Grimsby shares as well if you want to. However, joining the GTST will increase the say you have in the Club by linking those of us who already own Grimsby shares with those who would like to into one cohesive voice, thus facilitating dialogue with the Board.

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4. WHAT BENEFITS ARE THERE TO GTST MEMBERSHIP?

As a GTST member you have a full say in deciding GTST policy. You also participate in the election of GTST's directors, can stand for election yourself, and have a vote on all GTST policies. You can attend and speak at the GTST AGM as well as other members' events.

We also publish a regular GTST news magazine for all members. Initially this is biannual but we'll increase frequency as GTST membership grows.

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5. CAN COMPANIES AND ORGANISATIONS JOIN?

Yes. The GTST welcomes companies and organisations such as Grimsby supporters' clubs and groups, the local borough council and other organisations such as tenants' and residents' groups into membership. We're developing a range of long-term partnerships with Grimsby-supporting businesses and other groups.

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6. WHO WILL RUN THE TRUST?

GTST is run by you, the members. All members are eligible to stand for election and to vote for candidates for the GTST board which is accountable to you and your fellow GTST members. Independently audited annual accounts will be produced and submitted to you, the members, for approval annually.

The GTST is also supervised by the Financial Service Authority (FSA). This is the supervisory body for all companies registered as an IPS. Its rules are much more comprehensive and the supervision more stringent that those of a limited company. The GTST is run professionally as a business except profits are re-invested in the Trust and Grimsby shares rather than being paid as dividends to members.

You'll be able to examine all Trust financial records at any time.

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Shares Owned By GTST

£22,000

Raised Since Jan 2005

£30520.44