I think you may be wrong with your calculation, 130,000 x 0.25p equates to £32,500.00 which was the original investment amount from the fans.
However I don't think it is the Board needing more shares, if you read the letter from Grant Cullen it states it is to streamline administration. I would imagine it would be quite expensive to administer all those individual shareholders and no where in the letter does it mention you have to sell. I genuinely think this is to save money on administration. It can't be cheap dealing with what could be, over 1000 different shareholders.
They do ask if you could advise them of your email address so they could elctronically send out accounts and shareholder related items, which would dramatically cut the cost of dealing with shareholders. I would doubt if the Board would want anymore shares, they have 81% already.