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Easdale's influence falls 6%


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It was 26.12%, now 20.32%

 

06 March 2015

 

Rangers International Football Club plc

 

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

 

Holdings in Company

 

The Company announces that it was notified today that Alexander Easdale holds 5,256,110 Ordinary Shares in the Company, equal to 6.45% of the issued share capital of the Company. Mr Easdale also holds voting rights over, but does not own, a further 11,301,276 Ordinary Shares, representing 13.32% of the Company, meaning that in total he holds voting rights over 16,556,736 Ordinary Shares, representing 20.32% of the issued share capital of the Company.

 

For further information please contact:

 

Rangers International Football Club plc

 

Tel: 0141 580 8647

 

Derek Llambias

 

 

 

 

Newgate

 

Tel: 07714 770 493

 

Roddy Watt / Ed Treadwell

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According to @stvGrant the RST bought a significant number of them.

 

Old news, methinks. Feb 24th ...

 

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.”

 

Some others might have removed the proxy or sold their shares as well.

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