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  • Club reflects on a positive year on and off the park at AGM

    Club reflects on a positive year on and off the park at AGM

    By: Newsroom Staff on 21 Nov, 2018 14:31

  • CELTIC plc’s AGM for 2018 took place in the Kerrydale Suite at Celtic Park today (Wednesday), with the three domestic trophies once again taking pride of place in the hall following last season’s historic Double Treble.

    And the positivity of events on the pitch was mirrored off it too, with the results showing record sales revenue of £101.6million, against £90.6m last year, and a profit before taxation of £17.3million, against £6.9m last year, reflecting a strong financial performance.

    Chairman, Ian Bankier took charge of the meeting, and he was joined at the top table by his fellow directors, and Celtic manager, Brendan Rodgers.

    The AGM began with a series of interviews with the chairman, Chief Executive, Peter Lawwell, Celtic FC Foundation CEO, Tony Hamilton, and Brendan Rodgers.

    To watch the videos CLICK HERE

    All eight Resolutions put before the shareholders were passed in near unanimous agreement.

    The first Resolution sought to confirm the Auditor’s Report, the Strategic report and the Directors’ Report for the year ended June 30, 2018.

    Resolutions 2-4 saw Dermot Desmond, Tom Allison and Brian Wilson re-elected to the board.

    BDO LLP were re-appointed as auditors of the company after Resolution f was passes, while shareholder also passed Resolutions 6 and 7, which, respectively, authorised the directors to determine the remuneration of the auditors and granted the directors authority to allot shares.

    Resolution 8 was a special resolution to grant the directors authority to disapply pre-emotion rights, which was passed.

    Following the completion of the formal business of the AGM, a report on the Celtic Park matchday facilities and accessibility was made, which included a video presentation with the club’s Supporter Liaison Officer, John Paul Taylor, Disability Access Officer, Alexis Dobbin, and the chairman of the Celtic Disabled Supporters’ Association, Peter Joyce.

    The meeting was then opened to the floor for general questions, with a variety of issues raised by shareholders. Both Peter Lawwell and Brendan Rodgers spoke about the recent transfer window, which both admitted had been a frustrating one for the club, but the focus is on the forthcoming January transfer window and the desire, as always, to come out of the window in a stronger position, something the club always aims to do.

    The atmosphere at the recent UEFA Europa League game against RB Leipzig was mentioned as being another special European night at Celtic Park, with fans playing their part in a memorable European win. One shareholder also brought up the increase in unacceptable songs and chants being sung at Celtic games home and away by a minority of fans, something that the chairman acknowledged the club is very much aware of and determined to tackle.

    The forthcoming Premiership match at Ibrox on December 29, in which the allocation of tickets for Celtic supporters has been cut to around 800, was raised, with shareholders expressing their concern for the safety of Celtic fans who would attend the game. The club confirmed that there are ongoing discussions with the relevant bodies, as well as supporters’ groups, before making a final decision on whether to recommend that no tickets should be taken for the fixture.

    The safety of Celtic supporters is always the number one priority for the board, something which was also stressed when crowding problems at the Celtic v Rangers game at Celtic Park back in September was raised.

    The meeting ended on a positive, and light-hearted note, when one shareholder performed a pastiche of Robert Burns’ poem, Holy Willie’s Prayer, in which he gave thanks for Celtic, the great figures in our history, and for being a supporter.

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