THE POSH SUPPORTERS LIMITED

MINUTES OF THE SIXTEENTH ANNUAL GENERAL MEETING

The Yard of Ale, Peterborough - Thursday, 22nd November 2018 – 7:30pm

Apologies Received:- Keith Jennings, Peter Williams, Ken Storey.

Welcome: Ray Cole (RC) welcomed the members to the meeting and introduced the Board members addressing the

AGM. Himself as Chairman, John Henson (JH) as Secretary, and Barry Bennett (BB) as Treasurer.

Minutes of the Annual General Meeting held on 6th November 2017

The minutes in respect of the meeting were accepted as a true record and signed by RC.

Chairman’s Report RC spoke to the meeting: Since our last AGM the trust has continued to work on behalf of its members and the Board have made progress on a

number of fronts:

We have:

Co-opted three new Board Members Dene Butler, Sue Butler and Marco Graziano to help us take the Trust

forward.

The Board currently has 9 Directors; a Strategy Director, Communications Director, SMILE Scheme Director

along with Chair, Treasurer, Secretary and three generic Directors.

We have continued to play an active part in the PUFC Supporter Liaison Meetings which the PST attend

monthly with the club expressing fans views about and experiences of the club

Attended and promoted the PST at Posh's kit launch and open training and day events.

We have sponsored Posh Ladies by providing the 1st team with 'training tops' as well as sponsoring a player

'Keir Perkins'

Raised further funds for the PST through our Gold Bond Scheme.

Helped in the organisation of the club's Hall of Fame event

Promoted the trusts' achievement via Supporters Direct as a celebration of our 15 year anniversary.

Continued to add to and update our Posh on-line museum.

Signed a partnership agreement with the online betting company Fansbet who give back 50% of their net profit

to supporters groups.

As a result of the Fansbet agreement we have been able to purchase 3 season tickets for our SMILE Scheme to

provide free tickets to Posh games to local community groups and disadvantaged fans.

We are working with three organisations Axiom HA, Peterborough Care and Sue Ryder to provide SMILE treats

to their customers.

Since the beginning of this season we have provided 15 people with SMILE treats.

Supported petitions asking for Premier League and Championship clubs to be allowed to have safe-standing at

their stadiums and SD's request to the government to strengthen key regulatory areas and to push for a suitable

level of independence in the way that football is regulated In particular, to focus on club licensing with an aim at

reducing the number of crisis clubs at all levels of the pyramid. In simple terms to see more protection of our

clubs, their heritage and facilities.

We have looked at producing merchandise to promote the profile of the trust as well as raising funds but costs

proved to be expensive and subsequent not value for money.

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Sadly we had to give up our stall in the Family Stand at the ABAX as the club wanted the space back to alleviate

queues for drinks at half time in the South Stand.

We did look into purchasing a porta-cabin which we would have put in the Fanzone so all fans can get access to

us but the costs were prohibitive.

Finally we are currently looking into the proposed sale of the ground by PCC. This has caused quite a stir on

social media but our objectives are to protect football in the community and we have the right to investigate

these matters. We are having to do this through our rights under the ACV arrangement we have with PCC on the

London Road Ground. The PST is affiliated with Supporters Direct as so we promote good governance in sport

and as a result want to make sure the deal is in the best interests of the football club and its fans.

After serving as Chair for the past two years, I am stepping down so would like to take this opportunity to thank my

fellow Board members for their support over the past two years. I shall remain an active member of the PST and will

continue to support the trust and its objectives.

Treasurer’s Report Please see attached Treasurers Report (Accounts – 30th June 2018) Accounts have had an Independent Financial Assessment, and have been agreed by :- MFN Business Management Services Ltd Income = £ 8347 for the financial year Expenditure = £ 3842 for the financial year Yearly excess = £4505 for the financial year On the Balance sheet Current Assets of £ 149,864 i.e. Cash at Coop Bank £ 2280.17 / Virgin Money £62,699.77 / and Hampshire Trust Bank £ 84,000 Sundry Debtor = Gold Bond commission payment outstanding (1st May – 30th June) £ 819.55 Sundry Creditors = Corporation Tax to be paid by 31 March 2019 - £218.69 + Accountancy IFA Fees - £120.00 The accounts were accepted by the meeting without any alterations being requested or made. Proposer: Geoff Callen, Seconded by Joe Douglass. Member Geoff Callen asked for clarification of the reason for £84,000 in Hampshire Trust Bank – BB answered by referring to the best available interest (1.35%) and the continuance of the FCA Compensation Scheme at £85,000.

Appointment of Independent Financial Examiner Barry Bennett proposed that meeting re-appoint MFN Business Management Services Ltd as Independent Financial

Examiner subject to availability. This was agreed by the meeting – Proposer: Peter Lloyd, Seconded by Dene Butler.

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Secretary’s Report JH reported that the Trust shareholding in PUFC remained the same as last year, 1410 shares. JH reported that regular Board meetings and sub-committee meetings for different projects (e.g. Longevity, Hall of Fame Launch) were held during the year and a Trust representative attended each of the club’s monthly meetings with Bob Symns, PISA and Forever Posh. JH reported that 2 newsletters were sent out to members and all local councillors and MPs were also sent copies of each newsletter. JH reported that the Trust liaises regularly with Supporters Direct thanks to Peter Lloyd’s work. JH closed witha thanks to the Board for the continued support of all Trust activities and aims – and in particular the fantastic work of outgoing Chair Ray Cole. Election of Directors Directors seeking re-election: As Board Member: (Vice-Chair + Acting Chair for upcoming 12 months) Barry Bennett, Proposed by Mick Robinson Seconded by Peter Lloyd Directors not seeking re-election and retiring from the Board: Ray Cole + John Lawrence Director retired mid-term: Frank Harburn Co-opted Directors formally elected to the Board: Dene Butler + Sue Butler + Marco Graziano No objections were received from the floor, so all nominees were duly appointed. Note – there are still vacant seats available for new Board members to be accepted during the year. Message from Acting Chair: (BB) In his capacity as Acting Chairman for the next 12 months, Barry Bennett spoke to the meeting: I would like to thank Ray Cole for his commitment to the Trust for the last nine years. He must take credit for our on-line museum and the massive improvement in our social media communications. His extensive work rate and attention to detail has further raised the profile of the Trust as a professional organisation. I sincerely hope that he remains available for advice in his retirement. I would also like to thank retiring Board members, John Lawrence for his six years service and Frank Harburn for his three years service – their contributions have been invaluable in moving the Trust forward. Following much criticism from Darragh on Facebook, and many of his social media followers, about our motives for asking questions, I would like to clarify our position on the proposed purchase by the club’s directors. The Posh Supporters Trust is doing what we were set up to do, which is to be vigilant and alert to anything that could affect the future of the football club and its relationship with the local community. Some of the abuse we have received, has also extending to confrontations at home games, and as individuals this was very upsetting. We are dedicated Posh fans, seeking to safeguard the future of the football club we all love. We are merely exercising our legal right to make things transparent for the benefit of future generations of Posh fans.

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The Posh Supporters’ Trust would welcome the prospect of the football club being re-united with its ground. We have no reason to doubt the commitment of the directors of Peterborough United to ensuring a positive future for the football club, however we are obligated to ensure that every aspect of a significant event like a ground purchase is appropriately scrutinized. I am sure you may recall the complicated deal that resulted in the club losing its ground in 2003. To ensure the Trust remains transparent, and does not give out incorrect information, I will read the following statement of facts that have been given to us. When finished, we welcome any questions from the floor however we will not speculate to answer if the information has not been made available to us. VERBAL STATEMENT “The Peterborough City Council’s proposed sale of the stadium, is to Peterborough United Football Club Ltd, or any other body corporate wholly controlled by the owners of Peterborough United Football Club Ltd. by prior agreement with Peterborough City Council”. (quote from PCC) The purchase will exclude the Motorpoint Stand and Moys End Car park. This will remain with PCC and the Football Club have a 25 year lease. We are led to believe that the purchase will be made by a “body corporate” investment company, owned by Darragh McAnthony, Stewart Thompson and Jason Neale. We understand the investment company would use investor’s money to develop the ABAX stadium suitable for sustained Championship football. If the current stadium is incapable of development to the desired supporter’s capacity, they may seek to build a new stadium in the close proximity. The Covenant will remain on the playing surface of the ABAX stadium. Should a new stadium be built, the covenant would transfer to the new stadium once it is built and is fit for purpose. The Posh Supporters’ Trust had a meeting with Stewart Thompson and Bob Symns on 7th November to seek detail of their plans and express any concerns we have. It is proposed to have further meeting in the New Year. The PST wrote to PCC on 29 October with some specific questions, and requesting a meeting to discuss details to enable us to make an informed decision on our A.C.V. right to register an “Express of Interest” in the sale. This EOI expires 6 weeks after being informed on 18 October 18. PCC acknowledged this letter. PCC did not respond until 18 November with some answers, but considered others to be confidential. PCC has not considered to date (16 Nov) retaining the right to buy back the stadium The PST sent an Email to CEO of PCC on 13 Nov requesting for the second time a meeting with herself and the leader of the Council. A reply arrived on 21 Nov advising the only available date is Mon 26 Nov. which is not convenient for the Trust. We have requested alternative dates, and an extension to our 6 week ACV time scale. Whilst we have no desire to declare an EOI. We must have sufficient information to enable us to make an informed decision on that option. END OF STATEMENT Any Other Business: Relating to AGM Agenda Items

- Peter Lloyd spoke to the meeting to put on record his (and all of our) thanks to Ray Cole for his hard work and dedication as Chairman and Board member over the last seven years.

- Peter Lloyd also advised the meeting that it was ‘normal’ for Trust to be unpopular at certain times when questioning their football clubs and their actions – and that the Board should not lose heart at recent criticism.

- The AGM Closed at 7-55pm.

Signed as a true record.................................................... Date......................................... 4 of 4