ian1964 10,409 Posted November 8, 2016 Share Posted November 8, 2016 Dear Member, Club 1872 is delighted to announce the purchase of a further 192,550 shares in Rangers International Football Club Plc. This purchase takes the total shares held by Club 1872 to 5,093,326 which represents 6.25% of the total shares in the company. This now makes Club 1872 the 6th largest shareholder in Rangers International Football Club Plc. A Club 1872 spokesperson said: “This purchase shows our ongoing commitment to increasing our shareholding in RIFC Plc. This in only possible through the commitment and financial contribution of our membership and we thank them sincerely for that. We are now the 6th largest shareholder in Rangers and we continue to move steadily towards a 10% stake and beyond.” “The upcoming resolutions at the RIFC Plc AGM present a possible opportunity for Club 1872 to not only increase the fan shareholding in our club but also to invest our funds directly into Rangers in return for that shareholding. We hope that even more people will join Club 1872 to invest in the future of Rangers and to ensure that our supporters have a clear and effective voice in shaping the future of our football club.” CLUB 1872 #OneRangers 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted November 8, 2016 Share Posted November 8, 2016 Who did they buy them from? 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted November 8, 2016 Share Posted November 8, 2016 Who did they buy them from? It was a market maker who had pulled together a bunch of small shareholders 0 Quote Link to post Share on other sites More sharing options...
stewarty 1,876 Posted November 8, 2016 Share Posted November 8, 2016 Good news. Well done to all involved. Any more similar deals in the offing D'art? 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted November 8, 2016 Share Posted November 8, 2016 will this swing any important resolutions at the AGM ? 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted November 8, 2016 Share Posted November 8, 2016 Good news. Well done to all involved. Any more similar deals in the offing D'art? Sorry for the delay Ive been busy Stewart Our brokers are actively seeking available shares all the time - but we never really know when external sellers decide to part with them. 0 Quote Link to post Share on other sites More sharing options...
Davie P 4 Posted November 9, 2016 Share Posted November 9, 2016 I understand that the purchasing of Rangers shares is the raison d'etre for Club 1872, but would it not have been better to have kept the war chest securely closed until after the AGM, when existing shareholding is likely to be diluted by any new share issuance? In that way, at least the money is going back into the club. This is not a criticism, just curious as to the strategy behind it. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted November 9, 2016 Share Posted November 9, 2016 the purchasing of these shares might give a 75% vote to some resolutions that have failed to be passed at the previous AGM 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 9, 2016 Share Posted November 9, 2016 I understand that the purchasing of Rangers shares is the raison d'etre for Club 1872, but would it not have been better to have kept the war chest securely closed until after the AGM, when existing shareholding is likely to be diluted by any new share issuance? In that way, at least the money is going back into the club. This is not a criticism, just curious as to the strategy behind it. The more you buy now the more you can buy after the agm. You also get to vote for the special resolution at the agm 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted November 9, 2016 Share Posted November 9, 2016 I disagree with the purchase. This is fans' cash that is NOT going to the club. Has the policy of purchasing shares from third parties been approved by the members of C1872? 0 Quote Link to post Share on other sites More sharing options...
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