RST statement regarding the new 'Open Offer' of shares

[the gunslinger 3,366]

Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release.

 

As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme.

 

Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding.

 

In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at http://www.therst.co.uk/buyrangers.

[Rangersitis 0]

Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release.

 

As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme.

 

Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding.

 

In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at http://www.therst.co.uk/buyrangers.

 

That's nuts!

[the gunslinger 3,366]

I disagree. Cheap shares.

[Rangersitis 0]

I disagree. Cheap shares.

 

Were you not advocating starving them out and urging Letham to call in the loan?

[der Berliner 3,239]

I disagree. Cheap shares.

 

But are they not funding the board and the mediocrity et al? That's what you essentially just said in the other thread?

 

BTW, they do what King should have done in Laxey's and Prior's stead.

[the gunslinger 3,366]

But are they not funding the board and the mediocrity et al? That's what you essentially just said in the other thread?

 

BTW, they do what King should have done in Laxey's and Prior's stead.

 

Well there's two ways to remove them. This is the other.

[the gunslinger 3,366]

Were you not advocating starving them out and urging Letham to call in the loan?

 

I'm not buying shares and let's be honest someone will buy these. So better the good guys.

[RANGERRAB 3,254]

I'm not buying shares and let's be honest someone will buy these. So better the good guys.

 

I'm buying more shares.......

[BrahimHemdani 1]

Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release.

 

As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme.

 

Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding.

 

In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at http://www.therst.co.uk/buyrangers.

 

This is a good decision, though it would have been difficlut for the RST to do anything else.

 

RST needs £33,677.76 to take up it's full entitlement or face its holding being diluted.

 

How much does it have in BR?

Edited September 5, 2014 by BrahimHemdani
Corrected amount to take account of correct offer basis!

[Zappa 0]

gunslinger, I've made a new thread from the RST statement you posted and the resulting posts.