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Shareholders' meeting

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Leicester Tigers shareholders have approved the redemption of loan notes and purchase of shares by director Tom Scott.A lifelong Tigers supporter, Scott can buy 3million shares at £1.83 each, increasing his holding of ordinary shares to 45.73 per cent.   As well as this investment, the purchase will also save the club almost £250,000 a year in interest payments on the loan notes.   A chartered accountant, Scott is involved in a number of Channel Islands and UK businesses, and said: “I first became a shareholder in Leicester Tigers in 2008 when the Club was raising funds or the new main stand and from there I was asked to join the Board. I have no plans for changing the way the Club is run and I want the same as all supporters and that is to see us be successful every season.”   Three resolutions relating to the proposals were approved at a shareholders meeting at Welford Road today.   Leicester Tigers chairman Peter Tom CBE said: “We are very happy that Tom Scott wants to commit to increase his investment in the future of the Leicester Tigers at a time when are looking at a number of major projects to develop facilities for the players and our supporters.”