Jump to content

Big Rangers Administration/Liquidation Thread - All chat here!


Recommended Posts

Mike Ashley is not buying Rangers, not gonna happen.

Why would he sell a large EPL club and buy a Scottish club which earns a tiny fraction of whats available down south...

Correct, Benny dear boy you seem to have sound financial acumen for a Rangers' fan. Ashley is no mug and wealthy beyond the dreams of avarice compared to the chaps in charge at Ibrox just now.

Link to comment
Share on other sites

Correct, Benny dear boy you seem to have sound financial acumen for a Rangers' fan. Ashley is no mug and wealthy beyond the dreams of avarice compared to the chaps in charge at Ibrox just now.

Are you related to Kincardine?

Link to comment
Share on other sites

The Company is pleased to announce the result of the Open Offer which closed for acceptances at 11.00 a.m. on 12 September 2014. Valid acceptances including excess applications have been received in respect of 15,667,860 ordinary shares of 1p each ("Open Offer Shares"), representing a total of approximately 78.87 per cent. of those Open Offer Shares available under the Open Offer. The Company has therefore raised gross proceeds of £3.13 million through the Open Offer.

Certain directors took part in the Open Offer. The following table indicates the participation of those parties:

Before Open Offer

Interest in the Enlarged Share Capital

Name

Existing Ordinary Shares

Percentage

Shares subscribed for in the Open Offer

After Admission of the Open Offer Shares

Percentage

Directors

David Somers

47,000

0.07%

14,186

61,186

0.08%

Norman Crighton

60,000

0.09%

36,222

96,222

0.12%

James Easdale

357,143

0.54%

215,606

572,749

0.70%

Philip Nash

179,000

0.27%

54,031

233,031

0.29%

Further updates on the holdings of significant shareholders will be announced to the market in due course.

Application will be made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM. It is expected that such admission will occur at 8.00 a.m. on 18 September 2014 ("Admission").

Following Admission, the Open Offer Shares will rank pari passu in all respects with the existing ordinary shares of 1p each ("Ordinary Shares") in issue including the right to receive all dividends and other distributions declared. Following the Open Offer, the Company's total issued and voting share capital will comprise 81,478,201 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the FCA's Disclosure and Transparency Rules.

Link to comment
Share on other sites

THE Company is pleased to announce the result of the Open Offer which closed for acceptances at 11.00 a.m. on 12 September 2014.

Valid acceptances including excess applications have been received in respect of 15,667,860 ordinary shares of 1p each ("Open Offer Shares"), representing a total of approximately 78.87 per cent. of those Open Offer Shares available under the Open Offer.

The Company has therefore raised gross proceeds of £3.13 million through the Open Offer.

Certain directors took part in the Open Offer. The following table indicates the participation of those parties:

openoffer.jpg

Further updates on the holdings of significant shareholders will be announced to the market in due course.

Application will be made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM. It is expected that such admission will occur at 8.00 a.m. on 18 September 2014 ("Admission").

Following Admission, the Open Offer Shares will rank pari passu in all respects with the existing ordinary shares of 1p each ("Ordinary Shares") in issue including the right to receive all dividends and other distributions declared. Following the Open Offer, the Company's total issued and voting share capital will comprise 81,478,201 Ordinary Shares.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the FCA's Disclosure and Transparency Rules.

Tagged under
RELATED ITEMS
  • Statement re Settlement

    RANGERS have agreed formal terms of settlement with former Commercial Director, Imran Ahmad regarding his current court action.

  • Statement re. Court Order

    THE Company confirms that the Court of Session in Edinburgh has granted a request by Mr Ahmad for an order allowing him to arrest £620,000 in a Rangers bank account or the accounts of others who may be due to pay sums to Rangers.

  • Open Offer

    Further to the announcements on 25 April and 6 August 2014, the Board of Rangers is pleased to announce an Open Offer of up to 19,864,918 new Ordinary Shares at 20p each ("New Ordinary Shares") to raise up to GBP3.97m before expenses

Link to comment
Share on other sites

There's also another group led by a guy called Attila. :thumsup2

He was actually a crossdressing proselytiser for the Roman Catholic Church - Attila The Nun.

Wikipedia profiles two:

Attila frequently referred to as Attila the ***, was the ruler of the **** from 434 until his death in 453. He was leader of the Hunnic Empire, which stretched from ....

And….

Attila is an American deathcore band from Atlanta, Georgia, who were formed in 2005. Frontman Chris Fronzak started the band in high school….

The choice is yours :lol:

Link to comment
Share on other sites

£3.13 million ?

How much of that cash will be chewed up by floating the issue and tax ?, anyone hazard a guess at how much less than the £3.13 million quoted by the club ?, how much will actually go into the coffers of the club or is this one final chew from the cash cows trough before admin sets in ?

Also worth noting that the institutional investors shares will now be diluted giving the spivs that little bit more say or control in voting rights.

Link to comment
Share on other sites

"Rangers said that if the minimum level of £3m was raised from the share issue".

I'm assuming, of course, that you stumped up the extra £0.3M from your own funds, just to keep this fiasco a going concern?

All looks a bit fishy to me.

Something deffo fishy going on as a cut from the gross amount will be taken from that amount and begs the question how much will actually be going into the clubs coffers. Remember Chuckies initial IPO where over 20% of the IPO disappeared ?, will the same happen here ?

The spivs have a plan and we all want to know what it is including the bears.

Link to comment
Share on other sites

I thought this share issue was dead in the water?

Dhense must be fucking gutted that Phil has let him down yet again.

Before you tug yer tadger into a fury Tedi, the plan was to get the fans to plough £4 million into the club and the spivs have had to cover their arses by underwriting the required amount to get by, WHY ?

Why just get the minimum of shares required to claim they got all they needed, how much did the fans part with is most likely the relevant question here ?

Have the spivs & institutional investors under estimated the fans loyalty to the club and had to part with their own cash to shore up the crumbling walls to give the illusion that things are just pretty at the club and the underwriting is a smoke screen.

How much did the fans part with ?, remember they are the mugs the spivs want to fleece.

Link to comment
Share on other sites

Right then, what does this mean?

Obviously, the £3m threshold has been reached narrowly, but the fact that directors helped get it there, is being seen by some as significant.

I'm utterly clueless about this stuff, among much else, so can someone who isn't, explain what it really means please, looking ahead.

And guys, we might get some visitors to the thread on the back of this. Can we please all behave ourselves. The 'debate' about the acceptability or otherwise of certain terms has been simply agonising to read.

Best behaviour please.

Edited by Monkey Tennis
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...