Page 40 - Fisherman's Friend Teaching Note

Table 1

Table 1 shows the ownership of LOF where three

members of the Lofthouse family own 470,000 shares

each and the Lofthouse Foundation have 30,000 shares.

Tony Lofthouse in addition, has 10 Ordinary A shares.

Normally, class A shares refer to a classification of

common stock that is accompanied by more voting rights

thereby allowing management control of the company.

It is noticeable that on the demise of Tony (see Table 2) his

shares were redistributed with Doreen and Duncan

receiving 10 Ordinary A shares each and the Lofthouse

Foundation receiving 470,000 shares taking their holding

to 500,000 shares.