Share issue/open offer news

[fitbaliketheolddays 0]

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

 

Leaks would be sorely frowned upon by the Exchange - do you want us in more trouble?????

 

Watch some old movies about the stock exchange to see what happens to insider trading - start with "Wall Street" starring Michael Douglas

 

Thanks for wanting us delisted by your impatience

[Little General 80]

Leaks would be sorely frowned upon by the Exchange - do you want us in more trouble?????

 

Watch some old movies about the stock exchange to see what happens to insider trading - start with "Wall Street" starring Michael Douglas

 

Thanks for wanting us delisted by your impatience

 

Have you not heard of toxic Jack:)

[Zappa 0]

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.

 

At the end of the day, they won't be taking up anything at all if the minimum subscription hasn't been met and if it hasn't, then the leak of the story about them investing £500k in the open offer was probably just another in a long line of their PR stunts.

[buster. 4,808]

At the end of the day, they won't be taking up anything at all if the minimum subscription hasn't been met and if it hasn't, then the leak of the story about them investing £500k in the open offer was probably just another in a long line of their PR stunts.

 

Would those be conducted by the Spin-doctor who Sandy doesn't seem to know he has ?

[ian1964 10,416]

CONTROVERSIAL Rangers directors Sandy and James Easdale are understood to have increased their shareholding in the troubled Glasgow giants by over £500,000.

 

SunSport can reveal the bus tycoons have shelled out to up their stake in Gers after the Rangers International Football Club rights issue closed at 11am this morning.

 

http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/rangers/5905716/Easdales-up-Gers-stake-by-500000.html?teaser=true

[BrahimHemdani 1]

At the end of the day, they won't be taking up anything at all if the minimum subscription hasn't been met and if it hasn't, then the leak of the story about them investing £500k in the open offer was probably just another in a long line of their PR stunts.

 

All of that is obviously true; but it would seem a very odd story to me if it has been out out that they are investing if the person putting out the story didn't know if that is possible.

 

On the other hand, if the minumum has not been met then it is easy publicity for them - we were going to invest but couldn't because not enough others did.

[Zappa 0]

On the other hand, if the minumum has not been met then it is easy publicity for them - we were going to invest but couldn't because not enough others did.

 

That's exactly my point and I think it's a reasonable train of thought considering their desperation to appear like 'good guys' (see Sandy's recent interview in the Record for recent evidence).

[Little General 80]

https://twitter.com/BBCAlLamont

 

£3.1m raised

[Little General 80]

Rangers International Football Club plc

 

("Rangers" the "Club" or the "Company")

 

Result of Open Offer

 

 

 

The Company is pleased to announce the result of the Open Offer which closed for acceptances at 11.00 a.m. on 12 September 2014. Valid acceptances including excess applications have been received in respect of 15,667,860 ordinary shares of 1p each ("Open Offer Shares"), representing a total of approximately 78.87 per cent. of those Open Offer Shares available under the Open Offer. The Company has therefore raised gross proceeds of £3.13 million through the Open Offer.

 

Certain directors took part in the Open Offer. The following table indicates the participation of those parties:

 

 

Before Open Offer

Interest in the Enlarged Share Capital

Name

Existing Ordinary Shares

Percentage

Shares subscribed for in the Open Offer

After Admission of the Open Offer Shares

Percentage

Directors

 

 

 

 

 

David Somers

47,000

0.07%

14,186

61,186

0.08%

Norman Crighton

60,000

0.09%

36,222

96,222

0.12%

James Easdale

357,143

0.54%

215,606

572,749

0.70%

Philip Nash

179,000

0.27%

54,031

233,031

0.29%

 

 

Further updates on the holdings of significant shareholders will be announced to the market in due course.

 

Application will be made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM. It is expected that such admission will occur at 8.00 a.m. on 18 September 2014 ("Admission").

 

Following Admission, the Open Offer Shares will rank pari passu in all respects with the existing ordinary shares of 1p each ("Ordinary Shares") in issue including the right to receive all dividends and other distributions declared. Following the Open Offer, the Company's total issued and voting share capital will comprise 81,478,201 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the FCA's Disclosure and Transparency Rules.

[Rangersitis 0]

Looks like the various fan groups have pushed them over the line.