Stuart Gibson owns further 4M shares

[BEARGER 1,829]

 

FOUR million more shares have been issued in Rangers' holding company - at a cost of £1million.

The latest transaction in Rangers International Football Club PLC went through at the end of last month and was communicated on Companies House today.

A total of four million shares were alotted - and bought at 25p per share.

It's the first such transaction this year, and comes after similar allotments in two tranches of five million (£1.25m) and four million (£1m) in January and February of last year.

It’s not known if the shares are being issued for cash investment or for the conversion of previous loans into equity.

It comes after the Ibrox side announced their most positive set of results in a decade at the end of last year.

The headline figure from the club's year-long figures up to the end of June was a turnover of £86.8million - a club record.

That saw an operating profit of £5.9million - compared to an operational loss of £23.5m for the 12 months which immediately preceded it.

And those figures didn't include the sales of Calvin Bassey and Joe Aribo - and this season's Champions League money.

The club saw a modest but important investment in players last month with the arrival of Todd Cantwell and Nicolas Raskin.

The likes of Douglas Park and John Bennett have previously committed to providing additional loan facilities to meet shortfalls but Gers last year hailed the success of the player-trading model.

Park wrote in his annual report notes: "Off the field, and allied to performance on the pitch, we have continued to make enormous strides.

"I am delighted to be reporting a Club record turnover of £86.8m for the year to 30 June 2022.

"From this revenue, we returned an Operating Profit of £5.9m which represents an improvement of £27.6m on last year’s operating loss.

"This demonstrates the success and progress achieved over the last 12 months.

"During the year to 30 June 2022, we have raised new equity of £10.1m and taken on new debt of £3.6m to strengthen our financial position.”

[BEARGER 1,829]

From Club website, not sure if this includes this latest purchase.

 

 

Rangers has an issued share capital of 436,528,633 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares").

Major Shareholding (3% or above):

The Company understands that its major shareholders are as follows (Shareholder, No of Ordinary Shares held, % of issued share capital)

• New Oasis Asset Limited, 63,172,893, 14.47%

• Douglas Park, 52,550,000, 12.04%

• Stuart Gibson, 44,000,000, 10.08%

• George Alexander Taylor, 43,074,998, 9.87%

• Borita Investments Limited, 27,611,955, 6.33%

• Club 1872, 22.202,838, 5.09%

• John Bennett, 22,198,803 5.09%

• George Letham, 21,274,516, 4.87%

• Perron Investments LLC, 20,250,000 4.64%

• Tifosy Investment Nominees Limited, 17,610,000, 4.04%

 

 

The Ordinary Shares are freely transferable. No Ordinary Shares are held in treasury. John Halsted has advised that he is the beneficial owner of the shares held by Perron Investments LLC. The shares held by Tifosy Investment Limited are held as nominees for a significant number of individual shareholders none of whose shareholdings are major. 

Currently 8,500,000 of the Company’s Ordinary Shares (c. 1.95%) are subject to restrictions affecting the right to vote the affected shares, the right to receive payments or distributions in respect of the affected shares and the right to transfer the affected shares.

Director shareholding interests are as follows:

• John Bennett holds 22,198,803 ordinary shares

• Douglas Park holds or is otherwise interested in 52,550,000 ordinary shares

• Barry Scott holds 9,690,455 ordinary shares

• Julian Wolhardt has advised that he and his wife are interested in the shares held by Borita Investments Limited (see above for details of that Company’s shareholding) and East Harvest Limited, which holds 7,498.525 shares.

• Alastair Johnston holds 7,226,141 ordinary shares

[Bill 13,717]

It looks like fan ownership is a reality at last.

[RANGERRAB 3,259]

57 minutes ago, Bill said:

It looks like fan ownership is a reality at last.

Not for Club1872. Is their shareholding getting diluted? I thought they’d more than 5.09%

[Bill 13,717]

28 minutes ago, RANGERRAB said:

Not for Club1872. Is their shareholding getting diluted? I thought they’d more than 5.09%

Surely some of Club1872 are Rangers fans. 

[compo 6,141]

Might be some more shenanigans maybe it’s a power grab 

[Gonzo79 13,637]

Don't think there's any shenanigans afoot- just a Bluenose putting money into the club.

[Bluedell 5,330]

Most are fans but a few appear to put personal agendas above the wellbeing of the club.

[the gunslinger 3,366]

Big big player these days. 

 

Seems most likely to be new investment the loans were with John Bennett no?

 

Any way good news. 

[Sutton_blows_goats 4,208]

3 hours ago, compo said:

Might be some more shenanigans maybe it’s a power grab 

There was talk of him investing more pre covid. Probably just doing that now it’s out the way and businesses have settled.