EVERTON FOOTBALL CLUB CO. LTD. MANAGER: H. CATTERICK SECRETARY: W. DICKINSON Telephone Telegrams AINTREE 5263 FOOTBALL LIVERPOOL GROUND & REGISTERED OFFICE: GOODISON PARK LIVERPOOL - 4 23rd March, 1962. To the Shareholders. Dear Sir (or Madam), You will receive along with this letter a Notice calling an Extraordinary General Meeting of the Members of the Company for the 17th April next. The sole business to be put before the Members at this Meeting concerns the future constitution of the Board of Directors and certain resolutions on that subject will be put to the Members as a "Special Resolution". The Resolutions involve alterations in the regulations or Articles of the Company, and since by law the Articles of a company may only be altered with the particular approval of a Special Resolution, that form of Resolution must be resorted to here. Such a Resolution requires to be passed by a three-quarter majority of the votes cast, and in order to obtain the views of Members to the fullest possible extent, it is desirable that you should exercise your right of voting either by attending the Meeting personally or by signing the proxy form enclosed, so that your vote may be recorded by your nominee. For a number of years past until very recently, there have been nine Directors on the Board, of which three have had to retire by rotation each year. Your Board consider that this number is rather too large, and that seven would ultimately be the most suitable maximum (with five as the minimum). On the other hand, there is no desire to compel any existing member of the Board to leave it by reducing the maximum permissible number, so long as he is willing to go on serving the Company. By a coincidence, one of the Directors recently retired of his own accord, so that the actual number at the moment is eight, and these eight have deliberately refrained from filling up the casual vacancy. The main purpose of the proposed Resolutions is to make eight the maximum possible number for the time being, until one more Director goes out of office by voluntary retirement or in some other way except on ordinary rotation, whereupon the maximum number would become and stay at seven. The rotation provisions would not be affected, so that any one or more of the present eight who have to retire at the end of their three