 In September 2007 , Peace acquired additional shares in West Bromwich Albion Holdings Limited , taking his total stake in the company to 50 @.@ 56 % . This triggered a requirement , under the Takeover Code , for him to make a mandatory cash offer for the remaining shares in both WBA Holdings Ltd and WBA Ltd . Later that year , Michelle Davies became Albion 's first female director . She , however , has since stepped down from this position . Jeremy Peace announced in June 2008 that he was looking for a major new investor for the club , but no firm proposals were received by 31 July deadline . 
