Member Info for dipole

you read this and you think they need flexibility to sell building or a chunk of the fleet, not that they want to sell absolutely everything and leave a bare shell of a company with no assets.
Am I naive or was I knowingly misled by scoundrels?

" Companies with a Standard Listing are not required to comply with the provisions of Chapter
10 of the Listing Rules in relation to Significant Transactions. Chapter 10 sets out
requirements for shareholders to be provided with certain details in respect of Significant
Transactions which exceed certain class test ratios and to approve certain larger Significant
Transactions which exceed certain class test ratios, commonly referred to as “class 2
transactions” and “class 1 transactions” respectively. Following the transfer to a Standard
Listing, the Company would be able to undertake “class 1 transactions” without seeking
shareholder approval (unless required for some other reason)."

EGM I mean

note that I'm in Germany. I'd only ever have been able to fill in a proxy and not attend the AGM.

My online broker doesn't show any news. I can see in my document archive notice of AGM for VAG and SAP for example and also dividend payments but nothing for FlyBE.

I became a shareholder on 6th November.
I was not informed of https://www.flybe.com/application/files/8815/4332/9061/171840_Flybe_Circular_For_Net.pdf
Reading through it, it all sounds so innocuous. It is like they were doing us a favour moving to standard listing in an effort to maximise value for us and contain costs but it was used to disenfranchise us of our right to prevent the board of directors from selling all the assets of the company i.e. the daughter companies without our approval.
Reading that PDF now, not knowing what they had done I'd have probably voted for the change of listing.

getting the directors disqualified as a result of trading recklessly after a point in time when they should have known the company was not capable of being saved would be a result but I'm not optimistic.
It would have saved investors millions of pounds.
but not optimistic.

A no stage have the Board of Directors said that the shareholders would get less by shutting down the company than accepting this offer. They'd just like the shareholders make that inference.

mailed my complaint to FCA too for all the good it will do.

FlyBE is going to be stripped down and as leases end planes go and with fewer planes what need is there for frontline staff. Don't even get me started on the back of office staff. The staff do not win. They just don't know that they are next in line to be dealt with by sociopaths. Remember also that Virgin pilots are in dispute with their own Airline. Check pprune.org for background on that.

1.4p sterling is probably going to be worth a lot less euros or dollars by this evening. some of us have currency exposure here.

The irony of BREXIT precipitating this and BREXIT vote day to deliver the final humiliation to the shareholders of FlyBritishEuropean is not lost on me.
I've lost about £12000 here. I bought in around 13p per share with either a hope of a buyout or a partnership or continuing as a go-it-alone enterprise certain that the company had an intrinsic worth in assets and goodwill which even the most inept management couldn't destroy. Those core values still exist but have been spirited away to someone else.
All paid for with a very hard earned bonus which disappears now in a puff of air.
Not sure what I do to provide for myself. stopped saving as interest rates of under 1% are useless. A portion of my Irish contributory pension was taken by government and tax reliefs for pension are reduced and all the usual insiders have the pension market in Ireland sown up.
Virgin Money could offer me a pension scheme I suppose but would they act any more honourably than this Virgin Airline?