David Somers buys 35,000 shares + Easdale buys more shares

[Frankie 8,652]

Some of today's trades were upwards of 27p

[forlanssister 3,114]

Is this a 'delayed rebound' on shareprice ?

 

At court on tuesday...........

 

Ye Olde "Even dead cats bounce."

[Steve1872 4]

Rangers International Football Club plc("Rangers" or the "Company") Holdings in Company

The Company announces that it was notified today that Alexander Easdale purchased 57,043 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a price of 0.23p per share on 1 May 2014. As a result, Mr Easdale now holds 3,000,000 Ordinary Shares in the Company, equal to 4.61% of the issued share capital of the Company. As previously announced, Mr Easdale also holds voting rights over, but does not own, a further 14,387,003 Ordinary Shares, representing 22.10% of the Company, meaning that in total he holds voting rights over 17,387,003 Ordinary Shares, representing 26.71% of the issued share capital of the Company.

[Zappa 0]

The share price had recently dropped to it's all time low of about 20p, so it might just be a case of the board doing a bit of fire fighting here with Somers and Easdale buying shares. They'll want to kick the share price back up as high as possible before any new issue.

[BEARGER 1,830]

Found this on FF

 

Easdale buying more shares

A LSE announcement tonight at 6.18pm shows that Easdale bought another 57,043 shares at 23p a share

[buster. 5,257]

Found this on FF

 

Easdale buying more shares

A LSE announcement tonight at 6.18pm shows that Easdale bought another 57,043 shares at 23p a share

 

As per the call from (IIRC) Forlan yesterday.

[aweebluesoandso 290]

Looks like the scavengers are placing themselves closer to the kill , for a bigger feast.

[andy steel 0]

Could be any number of reasons, no need to assume the worst.

 

Although it certainly is tempting.

[Steve1872 4]

Re: The Sun front page

---

Cash-strapped Rangers handed their chairman a £20,000 contract - for around FOUR DAYS' work. David Somers netted the lucrative deal when he took up the post despite the club desperately needing to cut costs.

 

The Scottish Sun understands he trousered a whopping £10,000 a month from November 8 to December 31 laste year n- before expenses.

 

And yesterday it emerged the terms of the job were for him to work just ONE or TWO days a month, plus preparation ahead of meetings.

 

It's not known how much work Somers, 65, did in his first two months, though Ibrox chiefs insist he's ended up with "daily" duties.

 

The period covered the club's stormy pre-Christmas AGM when the entire board were booed by supporters.

 

In January, Somers' wages dropped to £5,000 a month - still a cool£60,000 a year.

 

Last night protest group the Union of Fans said they were "astounded". A spokesman added: "It's another example of fans' cash being paid out to benefit the present regime."

 

It comes days after it emerged chief exec Graham Wallace is in line for a bonus that would double his £315,000 salary.

 

A spokesman said: "The contract may have anticipated that level of commitment when Mr Somers joined but he's been working on a daily basis ever since."

[BrahimHemdani 1]

The share price had recently dropped to it's all time low of about 20p, so it might just be a case of the board doing a bit of fire fighting here with Somers and Easdale buying shares. They'll want to kick the share price back up as high as possible before any new issue.

 

If that was the plan then it has worked like a charm because the price is now just below 28p, adding £3m to the market cap of the company in the last couple of days.