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Trust buy 450K shares from Easdale Bloc


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he Rangers Supporters Trust (RST) has today purchased 450,000 shares to take our shareholding to 1,725,009 shares. This represents 2.12% of the total shareholding in Rangers.

 

This purchase makes us the largest fan group shareholder in the club and the 12th largest overall. We are also increasing our proxy block on a daily basis and will update this at the end of the week. We currently hold 3.8% of the voting power for the upcoming EGM.

Of even more significance than the purchase of the shares, is the seller. We have purchased these shares from Beaufort Nominees who hold the shares for the proxy block represented by Sandy Easdale.

 

RST Spokesman, Chris Graham, said “We have shifted our focus in recent weeks to gathering proxies but also to targeting shareholders who we believe are aligned with the board but may be willing to sell. Purchasing shares off the market only takes you so far and we wanted to try to make inroads into the opposition’s holding as well. This purchase is the culmination of two weeks of hard work on that front.”

 

“We are delighted to have secured what we believe will be over a 1% swing in favour of the nominee directors. None of this would have been possible without the fans who contribute to the RST and Buy Rangers. If they continue to join the RST in numbers and contribute to Buy Rangers then we will continue our efforts to reclaim our club.”

 

“Whilst not being complacent, we believe this is a decisive purchase. We also believe it signals the start of the breakup of the shareholder group that has aligned itself with this board through Sandy Easdale. There are clear signs that they know their time is up.

 

We urge fans to continue to proxy shares and, even more importantly, continue to join the RST. With the fans help we can win this EGM and invest significant amounts directly into our club after the EGM.”

Edited by Frankie
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RST Purchase 450k Shares from Beaufort Nominees

 

The Rangers Supporters Trust (RST) has today purchased 450,000 shares to take our shareholding to 1,725,009 shares. This represents 2.12% of the total shareholding in Rangers.

This purchase makes us the largest fan group shareholder in the club and the 12th largest overall. We are also increasing our proxy block on a daily basis and will update this at the end of the week. We currently hold 3.8% of the voting power for the upcoming EGM.

Of even more significance than the purchase of the shares, is the seller. We have purchased these shares from Beaufort Nominees who hold the shares for the proxy block represented by Sandy Easdale.

RST Spokesman, Chris Graham, said “We have shifted our focus in recent weeks to gathering proxies but also to targeting shareholders who we believe are aligned with the board but may be willing to sell. Purchasing shares off the market only takes you so far and we wanted to try to make inroads into the opposition’s holding as well. This purchase is the culmination of two weeks of hard work on that front.”

“We are delighted to have secured what we believe will be over a 1% swing in favour of the nominee directors. None of this would have been possible without the fans who contribute to the RST and Buy Rangers. If they continue to join the RST in numbers and contribute to Buy Rangers then we will continue our efforts to reclaim our club.”

“Whilst not being complacent, we believe this is a decisive purchase. We also believe it signals the start of the breakup of the shareholder group that has aligned itself with this board through Sandy Easdale. There are clear signs that they know their time is up. We urge fans to continue to proxy shares and, even more importantly, continue to join the RST. With the fans help we can win this EGM and invest significant amounts directly into our club after the EGM.”

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As many of us have said previously, I still don't think there will be the need for an EGM to take place.

 

The Easdales must surely know their time is up & the writing has been on the wall for them for some time now.

It is no longer a question of if they go but when they go. Preferably before the EGM which is increasingly looking totally unnecessary as it will be a formality

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