West Ham United Bondholders have overwhelmingly voted in favour of changes to the conditions under which their Bonds were originally issued, in order to transfer them to the new Stadium come 2016.
With West Ham set to take up residency in Queen Elizabeth Olympic Park from 2016, minor amendments to the original bond were required.
As introduced in 1991, the original bond did not foresee the Club moving grounds and so this was omitted from the draft. The Club has therefore been working alongside the Bondholders Committee to ensure the straightforward transfer of those bonds to the new Stadium, with initial discussions held at the Boleyn Ground on both 2 and 9 September.
Sixteen amendments to the Bond conditions were subsequently put to vote, with Bondholders able to vote by proxy or in person at the General Meeting held on Monday 24 November.
The resolution guarantees that Bondholders continue to enjoy priority status when purchasing Season Tickets and General Admission tickets at the new Stadium.
With an excellent turnout of almost 50 per cent of Bondholders, an overwhelming 98 per cent majority voted in favour of adopting the resolutions, which far exceeds the 75 per cent majority required.
Alf Wilkins, Chairman of the Bondholders Committee, said: "I am grateful to my fellow Committee members and to the Club for working so constructively and successfully to achieve this outcome. Now we can all look forward with great anticipation and excitement to taking our seats watching a successful team at the new Stadium in 2016"
West Ham United Managing Director, Angus Kinnear, said: "The overwhelming support for these changes is a testament to how closely we have worked with the Bondholders to ensure that their rights are protected during the Stadium move, including funding their independent legal advice. It shows that at every stage of this move, we are committed to putting the needs and wishes of our fans first."
The Club have long been working to update Bondholders' contact information and would ask that those who believe their details may not be up to date kindly contact the Club via [email protected].