Share Issue Raises £1.75M

Last updated : 03 February 2004 By Site Editor
The Exact total in shares made from the issue was £1,746,420, a figure which was above what Ipswich Town PLC needed as a minimum to make the share issue viable.

A total of 83,071 shares were sold which represented £1,661,420 of the final total, and there were also £85,000 worth of Loan notes which made up the final total.

2777 Supporters have invested in the club and the average investment per person comes in at a figure of £629. 1,9000 investors put in the minimum of £200, whilst one invester putted a massive £200,000 into helping the club go forward.

Overall the clubs fundraising scheme has raised a healthy figure of £3.125M, £1.76M of this from the share issue and loan stick over the past few months, £950,000 convertable loan notes which were made avalable last May, and £428,000 from long term season tickets to 128 supporters.

In addition, the Ipswich Town board of directors have also invested in the club, by putting in the grand total of £482,000 into the club to help it move forward.
Full Reaction to follow.....