Imran Ahmad No Longer has a Notifiable interest in Rangers

[ian1964 10,831]

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Wednesday 21 August, 2013

Rangers Int F.C. PLC

Holding(s) in Company

RNS Number : 1415M

Rangers Int. Football Club PLC

21 August 2013

 



21 August 2013

 

Rangers International Football Club plc

("Rangers", the "Company" or "Club")

 

Holding in the Company

 

Rangers announces that it was notified on 19 August 2013 that Imran Ahmad no longer has a notifiable interest in the Company's issued share capital.

 

 

For further information please contact:

 

Rangers International Football Club plc

Tel: 0141 580 8647

Craig Mather, CEO

Brian Stockbridge, FD

 

 

 

Strand Hanson Limited (Nominated Adviser)

Tel: 020 7409 3494

Stuart Faulkner / Rory Murphy / Richard Tulloch

 

 

 

Daniel Stewart & Company plc (Broker)

Tel: 020 7776 6550

Paul Shackleton

 

 

 

Newgate Threadneedle (Financial PR)

Tel: 020 7148 6143

Graham Herring / John Coles / Fiona Conroy

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

http://www.investegate.co.uk/rangers-int-f-c--plc--rfc-/rns/holding-s--in-company/201308210700221415M/

[Guest SBG]

What does this mean for the non business head like me?

[ian1964 10,831]

"Notification thresholds

Notifications are only required when a person acquires

or disposes of a certain percentage of a company’s

overall voting rights. Different percentage thresholds

apply to shares in UK and non-UK companies, and the

thresholds that apply under the New Rules are not the

same as those under the old Companies Act regime.

It should be noted that it is possible for a person’s

percentage of overall voting rights to increase or

decrease (so as to require a notification) without that

person actively doing anything at all. For example,

there may be a change in the issuer’s total voting rights

which has the consequence of altering all of its

shareholders’ percentage holdings.

UK companies: the relevant integer percentages which

trigger the requirement to notify are, generally, 3% and

every whole 1% thereafter. For example, if A purchases

shares in company X which entitle A to 3% of the voting

rights at general meetings of company X, a notification

of the holding must be made to both company X and

the FSA"

 

http://www.shearman.com/files/Public.../AM_011907.pdf

[Zappa 0]

What does this mean for the non business head like me?

 

The short answer is that we don't actually know for sure yet. He might have just sold a few hundred thousand shares taking him below the 3% 'notifiable interest' threshold or he might actually have sold all (or most) of his shares during the large share trades last week.

[der Berliner 4,047]

Maybe someone informs the Rangers website admins that Laxey should now be on that list, while Ahmad should removed?

 

I do wonder how many journos will continue to manage to write Imran Ahmad's name wrong ...

Edited August 21, 2013 by der Berliner

[ian1964 10,831]

Maybe someone informs the Rangers website admins that Laxey should now be on that list, while Ahmad should removed?

I do wonder how many journos will continue to manage to write Imran Ahmad's name wrong ...

 

OOPS!,can't blame the journos for the wrong spelling in the title!,that was me:D

[the gunslinger 3,366]

if only this was the end of him

[TheTinMan99 0]

What does this mean for the non business head like me?

 

It means he's clearing the way so he can try rob the club of another few million. You don't need a business head to know what a scumbag him and green really are.