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is it mandatory to have a NOMAD?

If so, then would any announcement as to who bought the shares delayed until a new one is found?

 

I'm cynical about all this happening yesterday.

 

We should adopt "aye cynical" as our new motto, and we should try to live up to it. God knows, we made a mockery of the last one............

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Dave King ‘not the buyer of 4m Rangers shares’

 

HEDGE firm group Hargreave Hale has confirmed it was behind the sale of over four million Rangers shares - but Dave King has denied being their mysterious buyer.

 

It emerged on Tuesday that £853,000 worth of shares in the Ibrox outfit were traded on the AIM market.

 

A spokesman for London-based investment manager Hargreave Hale - which was one of the Ibrox outfit’s four largest shareholders - confirmed it had parted with 4,265,000 shares.

 

But Rangers have yet to confirm who now holds the stock.

 

Rumours circulating Glasgow had suggested that King had the man behind the deal.

 

But the South African-based businessman - a former oldco director - has said that he is not the buyer.

 

The Castlemilk-born multi-millionaire lost a £20 million investment when the Light Blues were liquidated in July 2012 but he has launched recent attempts to force the current ruling regime out of Ibrox.

 

The shares traded on Tuesday were sold at 20p each - the same value afforded to each share in the recent open offer.

 

The trade represents more than five per cent of the club’s shares.

 

Hargreave Hale originally owned 4.42 million shares, leaving it now with around 155,000.

 

Guardian

 

Wish he'd be a tenth as quick with any other news about him and his involvement or plans ....

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No wonder our market & investor business has been getting conducted so poorly if our NOMAD can't even file their own accounts within the required time limit 6 months after their year-end.

 

I'm sure since our PLC directors are such upstanding bastions of good corporate governance, that they'll cut Daniel Stewart & co loose and find a more appropriate NOMAD to take care of the business. :whistle:

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