GovanAllan 0 Posted January 9, 2012 Share Posted January 9, 2012 Not a huge amount. Just means that buying and selling of shares can't be done at the moment, and once we are taken off Plus it wll make it that bit harder in the future. How many shares actually sell/buy on a day to day bases thou. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 More comment from the club: RANGERS have today issued the following statement: The Club's board is currently considering the merit of maintaining its listing on the PLUS market after 6 May 2012. The May 6 date will be 12 months following the acquisition of 85.3 per cent. holding by The Rangers FC Group Limited. The board is currently assessing the benefits of remaining a listed company on PLUS. Chairman Craig Whyte said: "Given the structure of the shareholding in the Club, there is very little, if any, tangible benefit for the Club to be a listed company. "The fact that the club has a majority shareholder controlling more than 80% means there is very little trading in shares. In reality, a public listing means more bureaucracy. Rangers does not need to remain a listed company in order for people to buy and sell their individual shares and since becoming chairman I have always questioned what is really being achieved with a public listing. "Whether or not we are a listed company, accounts will still be published and there will still be a shareholders' AGM. All shareholders would be able to hold the directors to account." As a result of the delay in publishing its audited accounts to 30 June 2011 the board announce that the Company's shares have been suspended from trading on PLUS pursuant to Rule 51. The delay has been caused as a result of finalising the audit, which the board believe will be complete on or around 31 January 2012. The delay in finalising the audit is related to an ongoing HMRC tax tribunal. Last year's postponed AGM will be held as soon as possible after the accounts are finalised. This is despite Craig Whyte previously saying that it's his intention to "maintain the Clubâ??s listing on PLUS Markets for at least a year from the date of the Acquisition." 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted January 9, 2012 Share Posted January 9, 2012 Yes, it reopens but a final verdict is not certain. He must think they'll be a quick verdict after making that statement or is it just wishful thinking. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted January 9, 2012 Author Share Posted January 9, 2012 BBC Scotland's Douglas Fraser has just reported that the Tax Tribunal convenes again next week. A week on Thursday rings a bell... 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 How many shares actually sell/buy on a day to day bases thou. Can vary from none to a few thousand shares, perhaps on average a deal a day from memory? It won't have much impact on most of us, only if you want to buy or sell shares. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted January 9, 2012 Author Share Posted January 9, 2012 This is despite Craig Whyte previously saying that it's his intention to "maintain the Club’s listing on PLUS Markets for at least a year from the date of the Acquisition." From PLUS statement: The board of the Rangers Football Club plc is currently considering the merit of maintaining its listing on the PLUS market after 6 May 2012 being the date 12 months following the acquisition of the 85.3 per cent. holding of the Company by The Rangers FC Group Limited. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 9, 2012 Share Posted January 9, 2012 From PLUS statement: What happens when you speed read something while doing 3 other things. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted January 9, 2012 Share Posted January 9, 2012 This is despite Craig Whyte previously saying that it's his intention to "maintain the Club’s listing on PLUS Markets for at least a year from the date of the Acquisition." From the statement it looks as if he is still going to keep that listing for a year. EDIT : I see Frankie beat me to it... 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted January 9, 2012 Author Share Posted January 9, 2012 What happens when you speed read something while doing 3 other things. Only women can multi-task - you know that... 0 Quote Link to post Share on other sites More sharing options...
26th of foot 6,119 Posted January 9, 2012 Share Posted January 9, 2012 Can vary from none to a few thousand shares, perhaps on average a deal a day from memory? It won't have much impact on most of us, only if you want to buy or sell shares. Douglas Frase stated their had only been £25,000 of Rangers share trading in the last couple of months(I suspect a considerable amount of that will be Christmas presents). There's only 13.4% of shares NOT in Whyte's control. 0 Quote Link to post Share on other sites More sharing options...
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