Deal Done At Last - 85.3% of RFC sold for �£1 according to Stock Exchange

[der Berliner 3,257]

Company Wavetower Limited

TIDM

Headline Acquisition(s)

Released 18:28 06-May-2011

Number 11827-1D10

 

Wavetower Limited

 

("Wavetower" or the "Company")

 

Acquisition of controlling interest in The Rangers Football Club P.L.C.

 

 

Wavetower is pleased to announce that it has today acquired 92,842,388 ordinary

shares, representing approximately 85.3 per cent. of the issued share capital

in The Rangers Football Club P.L.C. (the "Club"), for a consideration of �£1.

Wavetower acquired its interest in the Club (the "Acquisition") from Murray MHL

Limited.

 

The Acquisition would ordinarily have required Wavetower to make a general

offer in cash under Rule 9 of the Takeover Code to all other shareholders in

the Club but, as the consideration paid by Wavetower for the shares acquired is

�£1, the Takeover Panel has granted Wavetower a dispensation from making such an

offer.

 

Wavetower intends to post a circular to the Club's shareholders by 16 May 2011

containing background information on Wavetower and other relevant information.

Wavetower intends to maintain the Club's listing on PLUS Markets for a minimum

of 12 months from the date of this announcement.

 

Wavetower is 100% owned by Liberty Capital, a company which is ultimately owned

by Craig Whyte. Craig is a lifelong Rangers supporter and is very much looking

forward to guiding and assisting Rangers in its development over the coming

years.

 

 

Enquiries

 

Ian McKerron

Hay McKerron Associates

0141 286 2633

 

Londonstockexchange.com

[Danny 0]

This means it's done, doesn't it?

[ascender 352]

It would appear to.....

[maineflyer 0]

I've no idea what kind of owner Craig Whyte will turn out to be, that's a judgement for the future. But I can hardly find words to express the relief and joy I feel at David Murray's departure. Time to get back to Ibrox at last. I think that's about all I want to say about it.

[Zappa 0]

Personally, I'm pretty worried now and also really annoyed that Murray isn't going to have to deal with this HMRC tax issue that he spawned.

[pete 2,499]

I've no idea what kind of owner Craig Whyte will turn out to be, that's a judgement for the future. But I can hardly find words to express the relief and joy I feel at David Murray's departure. Time to get back to Ibrox at last. I think that's about all I want to say about it.

 

Congratulations mate i hope you enjoy it when you go. Maybe you can catch the league winning party against United. Fingers crossed anyway.

[Gers4Life 0]

New era and beginning for Rangers Football Club and I just hope Mr Whyte sticks to his promises

 

Welcome to Rangers

[pete 2,499]

New era and beginning for Rangers Football Club and I just hope Mr Whyte sticks to his promises

 

Welcome to Rangers

 

I just hope he has a long term plan.

[rbr 1,247]

I've no idea what kind of owner Craig Whyte will turn out to be, that's a judgement for the future. But I can hardly find words to express the relief and joy I feel at David Murray's departure. Time to get back to Ibrox at last. I think that's about all I want to say about it.

 

 

Amen to that brother , maybe meet up and crack open a bottle of bubbly

[Danny 0]

I'd just like to know exactly what our financial state is now. Debt gone? How much for new players? etc.