Folkestone raise second share issue to help "achieve Conference status"

Thursday 29th June 2006

Ryman Premier League club Folkestone Invicta are issuing their second share offer – to assist the club’s push towards Nationwide Conference football, writes Stephen McCartney.

All the club’s shareholders will be receiving a letter from Andy Ingleston thanking them for their support of the Cheriton Road club’s original share offer, which played an important part in the club’s survival.

Mr Ingleston urges all shareholders to come together for the second issue of shares, with funds raised to go towards achieving success – not paying off debts.

The end of the financial year on 30th June signals the completion of the inaugural Folkestone Invicta F.C. Limited Share Offer.

People that purchased shares from the club have received their share certificates to confirm proof of purchase.

Mr Ingleston said: “Prior to the launch of the share offer the football club was struggling to cope with the burden of money owed to creditors, in fact the funds raised via the share scheme saved the club from extinction so the club will always be indebted to all who contributed.

”Now that the club is free of long term liabilities, the board intend to steer the club to greater success on the field, the long term aim being the achievement of Conference status.

”To assist this aim financially the club is now launching the second share scheme with a guarantee that all funds raised will go towards achieving success and not any form of debt repayment.

“In order to facilitate the further growth of the club the chairman would be extremely grateful if you would agree to purchase additional shares.”

An application form can be obtained from the club’s website: www.folkestoneinvicta.co.uk

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