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Big Rangers Administration/Liquidation Thread - All chat here!


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AIM

Sch 1 - Rangers International Football Club plc

RNS Number : 7840SAIM05 December 2012 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Rangers International Football Club plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Ibrox Stadium, 150 Edmiston Drive, Glasgow, G51 2XD

COUNTRY OF INCORPORATION:

Scotland

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.Rangers.co.uk (available upon admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THEADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited. Rangers Football Club, based in Scotland, has become one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefitting from the world class 37 acre Murray Park training facility, the club has been a dominant force in Scottish football for decades.

The club generates revenues from match-day sales, broadcasting rights, retail and merchandising as well as other media rights.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Ordinary shares of 1 penny each at an issue price of 70 pence.

The shares are freely transferable and have no restrictions placed on them.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Up to £27 million to be raised on admission through the placing and public offer. Anticipated market capitalisation £50 million (assuming subscription in full of the public offer).

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBA

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Malcolm Alexander Murray (Non-Executive Chairman)

Charles Alexander Green (Chief Executive Officer)

Brian Stockbridge (Finance Director)

Walter Smith (Non-Executive Director)

James Ian Henderson Hart (Non-Executive Director)

Philip Cartmell (Non-Executive Director)

Frederick Bryan Smart (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Upon admission, Rangers International Football Club plc will acquire Rangers Football Club Limited on the basis of a one for one share exchange and after admission Rangers International Football Club plc will be the holding company for the group.

Before Admission

Rangers Football Club Limited - the current operating business

Shareholder

No of Ordinary Shares

Percentage

Charles Green

5,000,200

14.96%

Blue Pitch Holding

4,000,000

11.97%

Mike Ashley

3,000,000

8.98%

Margarita Funds Holding Trust

2,600,000

7.78%

Richard Hughes

2,200,000

6.58%

Imran Ahmad

2,200,000

6.58%

Craig Mather

1,800,000

5.39%

Norne Anstalt

1,200,000

3.59%

Rangers International Football Club plc - the holding company of the group following admission

FFW Secretaries Limited - 100%

After Admission

Rangers International Football Club plc which will own Rangers Football Club Limited (assuming no take-up under the public offer)

Shareholder

No of Ordinary Shares

Percentage

Charles Green

5,000,200

8.67%

Hargreave Hale Limited

4,949,000

8.58%

Artemis Investment Management LLP

4,286,000

7.43%

Blue Pitch Holding

4,000,000

6.94%

Mike Ashley

3,000,000

5.20%

Margarita Funds Holding Trust

2,600,000

4.51%

Cazenove Capital Management Limited

2,450,000

4.25%

Richard Hughes

2,200,000

3.82%

Imran Ahmad

2,200,000

3.82%

Legal & General Investment Management Limited

2,000,000

3.47%

Insight Investment Management (Global) Limited

1,900,000

3.30%

Craig Mather

1,800,000

3.12%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 June

(ii) 31 August 2012

(iii) 31 March 2013, 31 December 2013, 31 March 2014

EXPECTED ADMISSION DATE:

19 December 2012

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

NAME AND ADDRESS OF BROKER:

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Ibrox Stadium

Glasgow G51 2XD

The Admission Document will contain full details about Rangers International Football Club plc and the admission of its securities.

DATE OF NOTIFICATION:

5 December 2012

NEW/ UPDATE:

New

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Didn't Minty's last issue only raise 2m from fans? When everyone was still pretending that things were fine. Why would this mess now raise 10m from fans?

What mess would this be? There has already been pledges from top investment management companies,do you really believe that these companies would pledge without having an in depth look at everything involved. Murrays' rights issue was only opened to existing shareholders and failed because it was known that this was to reduce the debt from £68 million at the time.

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AIM

Sch 1 - Rangers International Football Club plc

RNS Number : 7840SAIM05 December 2012 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Rangers International Football Club plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Ibrox Stadium, 150 Edmiston Drive, Glasgow, G51 2XD

COUNTRY OF INCORPORATION:

Scotland

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.Rangers.co.uk (available upon admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THEADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited. Rangers Football Club, based in Scotland, has become one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefitting from the world class 37 acre Murray Park training facility, the club has been a dominant force in Scottish football for decades.

The club generates revenues from match-day sales, broadcasting rights, retail and merchandising as well as other media rights.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Ordinary shares of 1 penny each at an issue price of 70 pence.

The shares are freely transferable and have no restrictions placed on them.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Up to £27 million to be raised on admission through the placing and public offer. Anticipated market capitalisation £50 million (assuming subscription in full of the public offer).

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBA

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Malcolm Alexander Murray (Non-Executive Chairman)

Charles Alexander Green (Chief Executive Officer)

Brian Stockbridge (Finance Director)

Walter Smith (Non-Executive Director)

James Ian Henderson Hart (Non-Executive Director)

Philip Cartmell (Non-Executive Director)

Frederick Bryan Smart (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Upon admission, Rangers International Football Club plc will acquire Rangers Football Club Limited on the basis of a one for one share exchange and after admission Rangers International Football Club plc will be the holding company for the group.

Before Admission

Rangers Football Club Limited - the current operating business

Shareholder

No of Ordinary Shares

Percentage

Charles Green

5,000,200

14.96%

Blue Pitch Holding

4,000,000

11.97%

Mike Ashley

3,000,000

8.98%

Margarita Funds Holding Trust

2,600,000

7.78%

Richard Hughes

2,200,000

6.58%

Imran Ahmad

2,200,000

6.58%

Craig Mather

1,800,000

5.39%

Norne Anstalt

1,200,000

3.59%

Rangers International Football Club plc - the holding company of the group following admission

FFW Secretaries Limited - 100%

After Admission

Rangers International Football Club plc which will own Rangers Football Club Limited (assuming no take-up under the public offer)

Shareholder

No of Ordinary Shares

Percentage

Charles Green

5,000,200

8.67%

Hargreave Hale Limited

4,949,000

8.58%

Artemis Investment Management LLP

4,286,000

7.43%

Blue Pitch Holding

4,000,000

6.94%

Mike Ashley

3,000,000

5.20%

Margarita Funds Holding Trust

2,600,000

4.51%

Cazenove Capital Management Limited

2,450,000

4.25%

Richard Hughes

2,200,000

3.82%

Imran Ahmad

2,200,000

3.82%

Legal & General Investment Management Limited

2,000,000

3.47%

Insight Investment Management (Global) Limited

1,900,000

3.30%

Craig Mather

1,800,000

3.12%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 June

(ii) 31 August 2012

(iii) 31 March 2013, 31 December 2013, 31 March 2014

EXPECTED ADMISSION DATE:

19 December 2012

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

NAME AND ADDRESS OF BROKER:

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

Ibrox Stadium

Glasgow G51 2XD

The Admission Document will contain full details about Rangers International Football Club plc and the admission of its securities.

DATE OF NOTIFICATION:

5 December 2012

NEW/ UPDATE:

New

In laymans terms please Bhairn.

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What mess would this be? There has already been pledges from top investment management companies,do you really believe that these companies would pledge without having an in depth look at everything involved. Murrays' rights issue was only opened to existing shareholders and failed because it was known that this was to reduce the debt from £68 million at the time.

So rather than reduce the debt, as in pay people who gave you services or cash in good faith, which helped you to be the big team in Scotland was a no go in a share option. Now you will all fall over backwards to invest in weird pyramid scheme to fluff a couple o fly by night charlatans who didn't even know where Govan was..Sounds like a winner to me.

Pay yer debts you rogues.

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Guest Kincardine

In laymans terms please Bhairn.

Haw don't put pressure on the boy. He doesn't do summaries. Cut and Paste? Aye, no problem. Succinct analysis? Better ask yer goldfish.

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So rather than reduce the debt, as in pay people who gave you services or cash in good faith, which helped you to be the big team in Scotland was a no go in a share option. Now you will all fall over backwards to invest in weird pyramid scheme to fluff a couple o fly by night charlatans who didn't even know where Govan was..Sounds like a winner to me.

Pay yer debts you rogues.

Why would anyone invest to pay a debt accumulated by a company,26,000 shareholders and 7,000 Debenture Bondholders had already invested over the years, as well as 38,000 season ticket holders. The rights issue was only opened to those existing shareholders, were they expected to invest again to reduce a debt? Also where do you get the idea that we will all fall over backwards to invest. Also,what debts would that be?

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WTF is your problem

I am simply repeating what the BBC are confirming

Companies make these announcements 10 business days ahead of their first anticipated day of listing

So why didn't you repeat when the BBC confirmed rangers died, and a new club took up the vacant place in the SFL?

Why didn't you repeat when the BBC reported Charles Green saying liquidation meant he death of the club?

Why didn't you defend the BBC for their "Mad Men" graphic?

Why didn't you say what a good job the BBC did on the Craig Whyte documentary?

Why did you not applaud the "Men who stole the jerseys" programme?

Why don't you bore us silly by saying what a great job the BBC programme "Off the Ball" does?

If you're going to use them as your source of truth, Tedi, you have to take them warts and all. Cherry-picking doesn't cut it.

By all means, say, "the BBC have stated.....", but C&P jobs from sources you've already stated are fallible make you look like a Bendarroch c**t.

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In laymans terms please Bhairn.

Yer old club died. The shyster in charge of the new club wants you to buy shares in the company which will take over the holding company which owns the bricks and mortar of the old club (but not the players because he's a fuckwit). There are a load of known names/companies willing to underwrite the offer with a miniscule percentage of their investment budget should there not be enough DLA/crisis loans to cover. Charlie is going to f**k off sharpish in the new year. Enjoy next season (whichever honest team you decide to follow)*

*Just don't make it Killie. We could do without the increased cleaning budget.

HTH

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Guest Kincardine

Come on, man. Give the lhaddie a chance to skip back to KDS and find something to cut and paste.

It might have no bearing on any of this, but that's never troubled him before.

smile.gif

Indeed. Bhairn is phossibly thhe mhost chontent-fhree phoster ohn thhis whhole thhread - ahnd thhat's shaying shomething!

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Why would anyone invest to pay a debt accumulated by a company,26,000 shareholders and 7,000 Debenture Bondholders had already invested over the years, as well as 38,000 season ticket holders. The rights issue was only opened to those existing shareholders, were they expected to invest again to reduce a debt? Also where do you get the idea that we will all fall over backwards to invest. Also,what debts would that be?

Mind that big A-Z list of folk owed dough when you went tits up, with you being a continuation of Oldco surely that will be hanging over you like the Olco titles and history so pay them their money and as far as I'm concerned you can still be Rangers 1873 but if you dont you are Sevco nae mates.

So with all they 7,000 share holders and all those season ticket holders why did you not raise an eyebrow when he sold it to a billionaire busted flush for a quid instead o going hold on we are better than that. I'ts a bit a Few Good Men....The truth, you couldn't handle the truth.

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