Announcement of expected intention to buy £10 of MORE every trading day and Notice of Household General Meeting
BitcoinBee today announces that he is considering the possible acquisition of £10 of MORE Preferred Shares on each trading day (the “Possible Daily Purchase Programme”), subject to approval by the household budgeter at a forthcoming Household General Meeting.
If approved, any weekly dividends received from MORE will be reinvested into further MORE Preferred Shares, subject to market conditions, available household cash and continued spousal consent.
A Household General Meeting will be convened in due course at which the household budgeter will be asked to consider and, if thought fit, approve the Possible Daily Purchase Programme.
BitcoinBee commented:
“Today’s announcement marks an important step for the BitcoinBee household.
Subject to approval by the household budgeter, we expect the proposed £10-a-day purchase programme to be the first of its kind in the UK: a pounds sterling-denominated, London Stock Exchange Main Market-listed perpetual preferred share purchased every trading day by a private individual.
The proposed programme is designed to provide an additional source of weekly income, broaden the range of securities held by the household and further diversify our capital structure.
We have been working towards the Possible Daily Purchase Programme for several minutes and I am very pleased that we are now able to share this exciting development with our followers.
This is a natural next step in our 10-Year Plan.”
A further announcement will be made following the conclusion of the Household General Meeting.