PALADINI'S REP JOINS THE BOARD
Tuesday 27 April 2004
QPR Holdings today confirmed that 22% of the issued plc shares have been sold to Moorbound Ltd of Leeds, and that Mohammed Azeem Malik has joined the board of QPR Holdings plc.
At the plc's last AGM shareholders voted to allow the board to issue further shares. To acquire 22% of the plc, Moorbound must presumably have bought a combination of newly issued shares and QPR Nominees shares. The plc has not announced how many new shares it has issued.
Gianni Paladini's representative Azeem Malik is recorded on the Association of Chartered Certified Accountants' website as being employed by Rehman Michael & Co of 277 Roundhay Road, Leeds.
Moorbound Ltd was incorporated as a private limited company in June 2003 and its registered address is also Rehman Michael & Co, 277 Roundhay Road.
Director Bill Power, posting on the www.qprnet.com messageboard today in response to concerns about the future of the Loftus Road ground, said: "I don't think I am breaking any confidentiality agreement by confirming that anyone who has asked to buy a majority stake within QPR have a stipulation in the agreement stating that they must guarantee our ground stays as is or improve it."
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