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Post by droitwichgas on Aug 19, 2015 13:23:48 GMT
correct me if i'm wrong but i don't think he's a major shareholder anymore. Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
I guess that means if he so chooses he could walk away from Rovers and not worry about the money he's "invested" in buying shares in the past? It does seem odd how after being heavily involved in meeting with fans following our relegation he seems to have totally lost interest in the club. Apart from the FD's the BoD now seems to be just NH/BB + EW?
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Post by CountyGroundHotel on Aug 19, 2015 14:20:55 GMT
Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
I guess that means if he so chooses he could walk away from Rovers and not worry about the money he's "invested" in buying shares in the past? It does seem odd how after being heavily involved in meeting with fans following our relegation he seems to have totally lost interest in the club. Apart from the FD's the BoD now seems to be just NH/BB + EW? I think the reason for his lack of input into the club is perfectly explained by this thread.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 14:25:56 GMT
I guess that means if he so chooses he could walk away from Rovers and not worry about the money he's "invested" in buying shares in the past? It does seem odd how after being heavily involved in meeting with fans following our relegation he seems to have totally lost interest in the club. Apart from the FD's the BoD now seems to be just NH/BB + EW? I think the reason for his lack of input into the club is perfectly explained by this thread. Can you spell it out for us then?
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 19, 2015 14:42:22 GMT
Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
I guess that means if he so chooses he could walk away from Rovers and not worry about the money he's "invested" in buying shares in the past? It does seem odd how after being heavily involved in meeting with fans following our relegation he seems to have totally lost interest in the club. Apart from the FD's the BoD now seems to be just NH/BB + EW?
That's one way of looking at it, however I don't think anyone gets involved in a football club to make money. I'm hoping that if this goes through, he'll have the time and cash to indulge his football hobby a bit more.
There's been some major upheavals in the Employee Benefits and financial intermediary market in the last year, in addition Jelf have made a number of acquisitions. Perhaps that's why he's not been around.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 14:47:35 GMT
correct me if i'm wrong but i don't think he's a major shareholder anymore. Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
So it's his pension scheme.
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Post by CountyGroundHotel on Aug 19, 2015 15:28:21 GMT
I think the reason for his lack of input into the club is perfectly explained by this thread. Can you spell it out for us then? OK. HE'S HELPING TO NEGOTIATE THE Sale OF THE COMPANY THAT WILL MAKE HIM HUGE PROFIT
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 15:40:59 GMT
Can you spell it out for us then? OK. HE'S HELPING TO NEGOTIATE THE Sale OF THE COMPANY THAT WILL MAKE HIM HUGE PROFIT Cheers.
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Rex
Predictions League
Joined: June 2014
Posts: 3,287
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Post by Rex on Aug 19, 2015 15:45:50 GMT
He's a proper Gashead btw- just saying!
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simonj
Archie Stevens
Joined: May 2014
Posts: 817
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Post by simonj on Aug 19, 2015 18:32:32 GMT
Chris Jelf is Executive Deputy Chairman, which means he's on the Board of Directors but he still holds an Executive role.
Last I could see re his shareholding was:
18 December 2014
The Company was informed on 17 December 2014 that on that day Chris Jelf, a member of the Jelf plc board, purchased 22,800 ordinary shares in the Company ("Ordinary Shares") into his SIPP at a price of 129.6p per share.
Julie Jelf, Chris' wife, also purchased 33,500 Ordinary Shares into her SIPP at a price of 129.6p
Following these transactions, Chris Jelf is now interested in 2,522,073 Ordinary Shares, representing 2.94% of the Company's current issued ordinary share capital.
2,522,073 shares are currently worth £5,800,767.90.
On top of this, he has share options on 762,339 shares, worth a further net £865,254.77.
Further on top, there's a bonus scheme related to a takeover over a certain threshold. On current prices, if this takeover happens, Chris Jelf could pocket over £1mill cash from this bonus scheme.
Not doing too badly.
So it's his pension scheme. Would hope not, as he sells and arranges pensions you would hope he's got one.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 18:40:27 GMT
So it's his pension scheme. Would hope not, as he sells and arranges pensions you would hope he's got one. He has. This is (part of) it. That's what a SIPP is. Why did you think the word SIPP was in the text? It's no big deal and entirely his business. The concept just had a nostalgic ring to it.
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simonj
Archie Stevens
Joined: May 2014
Posts: 817
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Post by simonj on Aug 19, 2015 19:45:08 GMT
Would hope not, as he sells and arranges pensions you would hope he's got one. He has. This is (part of) it. That's what a SIPP is. Why did you think the word SIPP was in the text? It's no big deal and entirely his business. The concept just had a nostalgic ring to it. Touché, that's fair enough......
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 19, 2015 20:59:21 GMT
So it's his pension scheme. Would hope not, as he sells and arranges pensions you would hope he's got one. Jelf don't sell pension plans, as far as I know. A SIPP is a type of pension plan. A pension plan is a tax efficient investment vehicle. CJ is almost 55 I believe, so will be able to access the money.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 20:59:55 GMT
Would hope not, as he sells and arranges pensions you would hope he's got one. Jelf don't sell pension plans, as far as I know. A SIPP is a type of pension plan. A pension plan is a tax efficient investment vehicle. CJ is almost 55 I believe, so will be able to access the money. They definitely do. (They arrange corporate ones for companies).
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 19, 2015 21:24:41 GMT
Jelf don't sell pension plans, as far as I know. A SIPP is a type of pension plan. A pension plan is a tax efficient investment vehicle. CJ is almost 55 I believe, so will be able to access the money. They definitely do. (They arrange corporate ones for companies). Arrange yes, but not sell. They are brokers, consultants and intermediaries. The company pension plans they arrange will be with the likes of Standard Life or Legal & General
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 21:27:46 GMT
They definitely do. (They arrange corporate ones for companies). Arrange yes, but not sell. They are brokers, consultants and intermediaries. The company pension plans they arrange will be with the likes of Standard Life or Legal & General Are we seriously having this conversation? They are brokers. They sell pension policies on behalf of pension companies and receive commission. That is selling.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 19, 2015 21:28:10 GMT
So it's his pension scheme. Would hope not, as he sells and arranges pensions you would hope he's got one. Oh, and companies involved in pensions are no more likely to provide a decent pension plan to employees than any other company. Believe me, I know...
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 19, 2015 21:31:47 GMT
Arrange yes, but not sell. They are brokers, consultants and intermediaries. The company pension plans they arrange will be with the likes of Standard Life or Legal & General Are we seriously having this conversation? They are brokers. They sell pension policies on behalf of pension companies and receive commission. That is selling. You said yourself, they are brokers, not providers. And I may be wrong, but I don't believe that the commission model is allowed any more, I thought it had to be fee based. But that may just be retail.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 21:35:02 GMT
Are we seriously having this conversation? They are brokers. They sell pension policies on behalf of pension companies and receive commission. That is selling. You said yourself, they are brokers, not providers. And I may be wrong, but I don't believe that the commission model is allowed any more, I thought it had to be fee based. But that may just be retail. Right. But nobody said they were pension providers. They said they sell and arrange pensions. Which they do.
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Rex
Predictions League
Joined: June 2014
Posts: 3,287
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Post by Rex on Aug 19, 2015 21:36:42 GMT
I'm not qualified to talk about pensions. However, if anyone wishes to strike up a conversation regarding electrical wholesaling, I'm yer man.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 19, 2015 21:41:14 GMT
I'm not qualified to talk about pensions. However, if anyone wishes to strike up a conversation regarding electrical wholesaling, I'm yer man. I used to work for Denmans!
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