Share issue/open offer news

[Little General 80]

Ashley not buying anymore shares.

 

http://uk.reuters.com/article/2014/09/12/uk-soccer-rangers-idUKKBN0H711020140912

[Rangersitis 0]

Exactly

 

Where did the money come from.

 

Driving up standards in transport.

Running taxi firms professionally.

Undercutting competitors on price.

Giving value for money to customers.

Solid business models.

[the gunslinger 3,366]

Loan repayment no doubt.

[Zappa 0]

Sandy and James Easdale increase Rangers shareholding by £500,000

 

If true, then it's 2.5 million shares which is a hell of a lot more than their basic entitlement, as I think between the two of them they were only entitled to about half of that as their basic subscription.

[Zappa 0]

possibly the £500,000 loan that was deferred turned into shares?

 

That's what I thought immediately myself. Hard to believe the £500k figure is just a coincidence.

[Little General 80]

when will there be an announcement?

[BrahimHemdani 1]

That's what I thought immediately myself. Hard to believe the £500k figure is just a coincidence.

 

Not clear whether or not this includes their entitlement but I think they would have had to subscribe for their maximum entitlement in hard cash before they could take up any extra shares that were not subscribed for.

 

Regardless of views on the personalities involved, exchanging short term debt for equity is about as good as it gets for us at the moment.

[Frankie 8,151]

when will there be an announcement?

 

Not sure - you'd imagine today but with a game tonight, may be delayed.

[Little General 80]

Not sure - you'd imagine today but with a game tonight, may be delayed.

 

I would have thought if it was subscribed it would have been leaked by now.

[fitbaliketheolddays 0]

Not sure - you'd imagine today but with a game tonight, may be delayed.

 

I think you are naiive - not before the market closes @16.00 FGS