Hearts have set a date for an Extra Ordinary General Meeting of shareholders to vote on Tony Bloom’s proposed £9.86 million investment. The meeting will take place at Tynecastle Park’s Gorgie Suite on Wednesday, June 18, at 5 p.m., after Foundation of Hearts members voted 98.5 percent in favour of Bloom’s plan.

Last month, the Foundation held a consultation and vote, to which 6,208 of its 8,000+ subscribers responded. Of those, 6,112 supported Bloom’s involvement in Hearts, while 96 voted against it. The Brighton and Hove Albion chairman stands to gain a 29% stake in the Edinburgh club through the allotment of new shares. Importantly, Bloom’s shares would not include voting rights. The Foundation’s stake in Hearts will be reduced to 53.6% once the transaction is completed, but FoH will retain 75.5% of voting rights because Bloom’s shares are non-voting.

Hearts will now hold an Extraordinary General Meeting to officially approve the investment. After that, the Scottish Football Association must approve the agreement, but Bloom has already visited Hampden Park and spoken with senior SFA officials. Hearts shareholders received a notice earlier today informing them of the date, time, and proposed resolutions. It read as follows.

“NOTICE IS HEREBY GIVEN that a general meeting of the Company (the General Meeting) will be held at the Gorgie Suite, Tynecastle Park, Gorgie Road, Edinburgh, EH11 2NL on 18 June 2025 at 5 p.m. for the purpose of considering and, if deemed appropriate, passing the following resolutions (the Resolutions and each a Resolution), of which Resolution 1 will be proposed as an ordinary resolution and Resolutions 2 and 3 as special resolutions.”

Ordinary resolution.

 

1: THAT, subject to and with effect from entry into an investment agreement between the Company and Anthony Grant Bloom (being, Completion) and in substitution for all existing authorities (but without prejudice to the exercise of any such authority prior to the passing of this resolution), the directors of the Company (the Directors) be generally and are hereby generally and unconditionally authorised for the purposes of section 551 of the Companies Act 2006 to exercise all the powers of the Company to allot non-voting ordinary shares of 10 pence each in the capital of the Company (Non-Voting Shares) each having the rights attached to them as set out in the draft articles of association proposed to be adopted pursuant to Resolution 3 below, up to an aggregate nominal amount of £6,391,364.40 in connection with the proposed investment to be made by Anthony Grant Bloom in the capital of the Company, provided that this authority shall (unless previously renewed, varied or revoked by the Company in general meeting), expire at the conclusion of the next annual general meeting of the Company, save that the Company may, before such expiry, make offers or enter into agreements which would or might require Non-Voting Shares to be allotted or Rights to be granted after such expiry and the Directors may allot Non-Voting Shares or grant Rights in pursuance of any such offers or agreements as if the authority conferred by this Resolution had not expired.

2: THAT, in substitution for all existing authorities (but without prejudice to the exercise of any such authority prior to the passing of this resolution), subject to the passing of Resolution 1 set out in the notice of general meeting of the Company convened for 18 June 2025 and subject to and with effect from Completion, the directors of the Company (the Directors) be and are hereby generally and unconditionally empowered, pursuant to section 570 of the Companies Act 2006 Act (the Act), to allot, or make offers or agreements to allot, equity securities (as defined in section 560 of the Act) pursuant to the authority conferred by Resolution 1 as if section 561(1) of the Act did not apply to any such allotment, provided that this power shall: 2.1. be limited to the allotment of equity securities up to an aggregate nominal amount of £6,391,364.40 in connection with the proposed investment to be made by Anthony Grant Bloom in the capital of the Company; and 2.2. expire at the conclusion of the next annual general meeting of the Company (unless previously renewed, varied or revoked by the Company in general meeting prior to or on that date), save that the Company may, before such expiry, make offers or enter into agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offers or agreements as if the power conferred by this resolution had not expired.

The draft articles of association, which can be viewed on the Company’s website (www.heartsfc.co.uk) or inspected at the registered office, will be adopted as the Company’s articles of association, replacing and superseding all existing articles of association, effective from completion.

 

“Members are kindly reminded that the purpose of the General Meeting is to consider only the business set out in this notice- any other business will not be considered at the General Meeting and will instead be considered at the Company’s next annual general meeting (or any other general meeting duly called prior to then) as required.”

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