Corporate structure

Fishing on specified days at Timsbury is a right which is attached to shares in Timsbury Fishery plc (the Company) and the shareholders (members) of the Company are therefore those who normally fish there. Each share specifies the day of the week on which the owner is entitled to fish, once per fortnight. The members are sometimes referred to as the Syndicate; many of them own one share but a significant number own several shares, which could entitle them either to fish more than one rod on their specified day(s) or to fish every week, rather than every other week.

The Company is a public limited company, but its shares are not listed on any stock exchange. There are two directors of the Company. The board deals with corporate matters, including formalities for the transfer of shares, and is responsible for the overall management of the fishery. Board meetings are held as required and the annual general meeting (AGM) of the Company is held on the same day as the Syndicate AGM in October or November each year.

The Advisory Committee, sometimes referred to as the Management Committee, represents the interests of the members of the fishery and deals with the routine management of it. Further details are given below and the members of the committee are listed in the annual information to members.