Hildy 0 Posted February 13, 2014 Share Posted February 13, 2014 Brahim is correct. Anyone, or any group, that has ambitions to be influential in a company should buy up as many shares as they possibly can at the lowest possible price. The RST has done that. 0 Quote Link to post Share on other sites More sharing options...
ThatsWhyWeirChamps 0 Posted February 13, 2014 Share Posted February 13, 2014 That doesn't actually answer any of the questions that I asked in the post that you quoted. Unissued shares don't, by definition, exist. Are they still included in the authorised share capital of the company? There aren't any unissued shares. 0. None. This is an avenue which was already investigated by an RST board member. Pretty sure it also says there aren't any shares held in treasury on the Shares page of the official website. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 13, 2014 Share Posted February 13, 2014 There aren't any unissued shares. 0. None. This is an avenue which was already investigated by an RST board member. Pretty sure it also says there aren't any shares held in treasury on the Shares page of the official website. So was the authorised share capital of the company changed post-IPO? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted February 13, 2014 Share Posted February 13, 2014 Also interesting to note that there have been a bunch of small buyers this week, anything from 150 to 15,000 shares and not a seller in sight; as a result of which the price has ticked up a fraction to 26.5p. 0 Quote Link to post Share on other sites More sharing options...
ThatsWhyWeirChamps 0 Posted February 13, 2014 Share Posted February 13, 2014 So was the authorised share capital of the company changed post-IPO? Pretty certain there's no requirement to have an authorised share capital. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted February 13, 2014 Share Posted February 13, 2014 Pretty certain there's no requirement to have an authorised share capital. How can you not have an authorised share capital ? So any shares that have ever been issued were unauthorised ? From my limited knowledge of Companies House and the Companies Act I thought you cant issue shares without there being authorised shares to issue. You need a resolution and form filling with Companies House. The authorised share capital also tells you the MAXIMUM that you can issue. It is the first I have heard that you dont have to have authorised share capital. Educate me please. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted February 13, 2014 Share Posted February 13, 2014 From my limited knowledge of Companies House and the Companies Act I thought you cant issue shares without there being authorised shares to issue. You need a resolution and form filling with Companies House. The authorised share capital also tells you the MAXIMUM that you can issue. That was the impression I was under too and the case of RIFC plc I was sure it had been stated that the authorised share capital was 100,000,000 with an issued share capital of 65,096,056. 0 Quote Link to post Share on other sites More sharing options...
ThatsWhyWeirChamps 0 Posted February 13, 2014 Share Posted February 13, 2014 How can you not have an authorised share capital ? So any shares that have ever been issued were unauthorised ? From my limited knowledge of Companies House and the Companies Act I thought you cant issue shares without there being authorised shares to issue. You need a resolution and form filling with Companies House. The authorised share capital also tells you the MAXIMUM that you can issue. It is the first I have heard that you dont have to have authorised share capital. Educate me please. http://www.companylawclub.co.uk/topics/authorised_capital.shtml The requirement to have an authorised share capital is abolished from 1.10.2009 when the Companies Act 2006 finally came into full effect. Any company registered from that date will have no restriction on the number of shares it can issue, unless a limit is set in the company's articles. http://www.rangersinternationalfootballclub.com/share-information The Ordinary Shares are freely transferable and no Ordinary Shares are held in treasury. 0 Quote Link to post Share on other sites More sharing options...
ThatsWhyWeirChamps 0 Posted February 13, 2014 Share Posted February 13, 2014 Edit . 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 13, 2014 Share Posted February 13, 2014 I suspect when this new scheme starts up people will discover it's really nothing to do with baggage and more to do with apathy or perhaps fear. 0 Quote Link to post Share on other sites More sharing options...
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