Major movement in Celtic shares seen on London Stock Exchange days before AGM

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Celtic’s Annual General Meeting is on Friday.

Stakeholders will get the chance to ask questions of Michael Nicholson, Peter Lawwell and other board members at Celtic Park.

This will be the first AGM since this summer’s controversial transfer window which led to the establishment of the Celtic Fans Collective and subsequent protests.

The Collective have released a series of statements pushing for stakeholders to vote against the re-election of board members when the votes take place at the meeting.

This has dominated the conversation this week – but in the background, there has been an intriguing development on the London Stock Exchange.

Significant amount spent on Celtic shares before AGM

As is the case with all public limited companies, shares in Celtic are on the market to buy.

There is no one owner of Celtic, though Dermot Desmond enjoys acting like he does, despite only owning 34.7% of the club.

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All movements in the market when it comes to shares are available to view on the London Stock Exchange, and similar services.

And significant trading activity took place yesterday, with two large-volume trades taking place between 4PM, each worth around £485,000.

At 180 pence per share, these amount to just over half a million shares. The timing of this is interesting, just before the AGM.

Two things which aren’t known are who bought them and why the two trades were separate. It could be because the second trade was a correction of the first, and that only £240,000 worth of shares were bought.

Stakeholders are all welcome to attend the AGM and ask questions of Nicholson, Lawwell and others. This has led to some wacky interactions over the years.

And if Nicholson’s sit-down meeting with the Celtic Fans Collective is anything to go by, there could be some intense disagreements on Friday.

What issues will be discussed at Celtic’s AGM?

Celtic and the Green Brigade are locked in the latest of their many public spats, and given how the group divide opinion among the support, there are likely to be some strong views in the room at Celtic Park.

The results of last year’s Celtic Fan Survey were finally released last month, and revealed significant demand among supporters for improved stadium experience, including safe standing expansions.

It will be an opportunity for the board to explain how they plan to go about addressing the results of the survey.

Of course, the transfer window will come up again, but don’t be surprised if Nicholson continues to defend the club’s process with excuses that point towards factors out of the club’s control.