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Peace increases his West Brom stake

West Bromwich Albion chairman Jeremy Peace has upped his stake in the club.

Peace has increased his majority stake in the club to 76.4 percent with the purchase of a further 905 shares.

Peace, through his company West Bromwich Albion Holdings Ltd, last month made an offer of £3,000 per share to shareholders in the hope of taking his holding over the legally-significant 75 percent-mark.

The club has now announced that Peace, who had held 67 percent, has surpassed that figure and he could yet increase his stake further. The initial deadline of July 3 for shareholders to respond to the tender offer has been extended by two weeks.

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