Griffin Speculators Investment Club

Minutes of AGM meeting held on Wed 16th May 2001

Present: Jon Kitch, Paul Manning, Richard Poole, Pauline Naylor, Andy Slinn, Michael Bell, Keith Burbanks, Ian Cosford.

Apologies: Tim Bentley, Nick Walch, Neil Hogg

Treasurer's Report:

The Treasurer provided a Receipts & Payments sheet for the year ended 3/4/01, an Auditors report sheet and a Tax apportionments sheet for the year ended 5/4/01.

Ian also confirmed that he would be providing individual tax certificates for all existing members and members who had left during the tax year shortly.

Future of the Club

All present agreed that the club should continue for the forseeable future.

Committee Posts

The Chairperson, Secretary and Treasurer all tended their resignations as required by the Constitution and rules.

The following nominations were proposed, seconded and agreed:

Chairperson Richard Poole
Treasurer Ian Cosford
Secretary Paul Manning
Dealers Andy Slinn, Nick Walch & Neil Hogg (reserve)
Auditors Nick Walch and Neil Hogg
Recruitment Officer Neil Hogg

It was also agreed that future deals should be placed via the telephone or home internet access.

Minimum subscription level

It was agreed by the required 75% of AGM membership attendance that the minimum subscription level would be amended as follows:

A minimum of £10 monthly for first 6 months of new membership then all members to have a minimum subscription level of £20 rising in £10 intervals to a maximum subscription level of £50.

Rule amendments

Paul agreed to circulate a copy of the required amendments to the Rules and/or Constitution.

AOB

As we had been hit with an unexpected room charge of £10 for the AGM it was agreed to cover this cost out of petty cash.

It was also agreed that future meetings commencing June 2001 would be held in Jubilee House.

Please note that all remaining meetings for 2001 will take place on the first Wednesday of each month in CR2 (1st floor), Jubilee House at 12.30pm.

It was agreed that we should consider incentive ideas for new members (free units?).

An agenda item of useful websites, sources of information will be raised for the next meeting.

All members to confirm their present home addresses to Ian Cosford asap. Andy Slinn will then confirm with Proshare.

Next meeting

06/06/01 12.30pm Meeting Room 2