BEARGER 1,829 Posted February 12, 2014 Share Posted February 12, 2014 There aren't any unissued shares. This is good news. Well done to the RST board, and long may it continue. That is not correct. Every new company has authorised "Stock Capital" which it sells (but only a % if it) on start up,. The % not sold at that time is the unissued capital. This is done so that if the company needs an injection of cash at some time in the future it has the unissued capital to fall back on. A company is not allowed to magic up new shares out of the sky. 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted February 12, 2014 Share Posted February 12, 2014 Although I'm not convinced about fans running the business, I'm still a great believer in them having a lot of clout and being central to governance. So, every chunk of shares that fans buy is good news. 0 Quote Link to post Share on other sites More sharing options...
ThatsWhyWeirChamps 0 Posted February 12, 2014 Share Posted February 12, 2014 That is not correct. Every new company has authorised "Stock Capital" which it sells (but only a % if it) on start up,. The % not sold at that time is the unissued capital. This is done so that if the company needs an injection of cash at some time in the future it has the unissued capital to fall back on. A company is not allowed to magic up new shares out of the sky. The board responsible for the listing forfeited the balance of 11m shares which were unsubscribed. I repeat; there are no unissued shares. * 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,348 Posted February 12, 2014 Share Posted February 12, 2014 The board responsible for the listing forfeited the balance of 11m shares which were unsubscribed. I repeat; there are no unissued shares. * What do mean" forfeited"? 0 Quote Link to post Share on other sites More sharing options...
rea 0 Posted February 12, 2014 Share Posted February 12, 2014 that is not my experience of how it works. Some companies do run with unissued share capital most do not in my experience. From a PLC point of view it is all to do with dilution differences between the selling of new shares v the public issue of pre existing ones 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted February 12, 2014 Share Posted February 12, 2014 The board responsible for the listing forfeited the balance of 11m shares which were unsubscribed. I repeat; there are no unissued shares. * I know the law changed of this a couple of years ago, so could be I'm behind the times. Do you know why the directors would forfeit the rest of the shares? Especially if they can issue new ones in future? Is it just a book cleaning exercise? 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted February 12, 2014 Share Posted February 12, 2014 Wonderful news. Things are looking up. Celtic are out the Cup, an easy home draw for Rangers in the next round, and another parcel of shares coming home. Excellent! Sent from my Nexus 7 using Tapatalk 0 Quote Link to post Share on other sites More sharing options...
ranger_syntax 3,780 Posted February 12, 2014 Share Posted February 12, 2014 Best to buy the shares when they are not too expensive. When a share issue comes around the Trust will find that more members want to get shares in BuyRangers just like last time. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 12, 2014 Share Posted February 12, 2014 the rst are getting some great press over this. 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted February 12, 2014 Share Posted February 12, 2014 I've mixed feelings about this. It's good that more shares are in the hands of the support, but it's frustrating to think that none of the cash spent on the shares goes to the club and it's therefore of no financial benefit to the club. It was a dilemma for us too Derek. You know what it's like, damned if you do and damned if you don't. Dave King advised us to wait for the inevitable share issue but, after seeking advice from others, we went ahead as we were being accused of holding on to other people's money. 0 Quote Link to post Share on other sites More sharing options...
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