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One for you one for me. It's how you divide up loot

 

Probably.

 

I do wonder at the timing though: looking to profit from them or getting in now so he can invest more in share issue?

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"The terms of Mr Stockbridge’s share options entitlement were part of his contract of employment with The Rangers Football Club dated September 2012, as was agreed with the Charles Green consortium following the acquisition of the Rangers assets in June 2012.

 

"In 2012 Mr Stockbridge was awarded an entitlement to shares with a value of £500,000 being 2.5 times his £200,000 annual salary. The number of option shares awarded to Mr Stockbridge was calculated with reference to the 70p per share price for the shares at the time of the IPO and he confirmed this price at the AGM in November 2013. On this basis Mr Stockbridge had a contractual entitlement to acquire 714,285 ordinary shares in the Company. The exercise price of the option shares to which Mr Stockbridge became contractually entitled in September 2012 was 1p per share. He has paid the exercise price to the Company.

 

“The current Board was legally compelled to issue the shares to Mr Stockbridge on these terms as it has no jurisdiction to amend, change or alter the share issue, whatever its opinion of this agreement - a legacy of the previous regime.”

 

Apparently sent from Somers in reply to an email from someone on FF. Club statement to follow shortly.

 

Don't shoot the messenger. :)

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Always a legacy of the previous regime.

 

Standard speak for 'a stage' of an ongoing process with various 'stages'.

 

Problem with this, is that there are too many links to seperate the stages as they would like you to believe.

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