BEARGER 1,830 Posted January 23, 2015 Share Posted January 23, 2015 (edited) @RangersFCTrust: All supporters who invested at the IPO should be receiving a letter from the RST over the next few days. Got my letter this morning. One thing they are offering is lifetime membership in exchange for 357 shares. This seems a bit expensive to me, 357 X 70p = £249.90 the price at IPO. Edited January 23, 2015 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
rbr 1,256 Posted January 23, 2015 Share Posted January 23, 2015 @RangersFCTrust: All supporters who invested at the IPO should be receiving a letter from the RST over the next few days. Got my letter this morning. One thing they are offering is lifetime membership in exchange for 357 shares. This seems a bit expensive to me, 357 X 70p = £249.90 the price at IPO. Is that a direct offer for your shares or an offer for the proxies for your shares 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted January 23, 2015 Author Share Posted January 23, 2015 Is that a direct offer for your shares or an offer for the proxies for your shares Direct offer 357 shares for life membership. Letter also asks for shareholders to join RST and BuyRangers, plus mentions proxy votes for egm saying they will be in touch nearer to meeting. All of it ok IMO, just thought that 357 shares a wee bit expensive assuming you bought at IPOD. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,256 Posted January 23, 2015 Share Posted January 23, 2015 Sounds steep 0 Quote Link to post Share on other sites More sharing options...
WATP_Greg 0 Posted January 23, 2015 Share Posted January 23, 2015 Direct offer 357 shares for life membership. Letter also asks for shareholders to join RST and BuyRangers, plus mentions proxy votes for egm saying they will be in touch nearer to meeting. All of it ok IMO, just thought that 357 shares a wee bit expensive assuming you bought at IPOD. I assume they are trying to cover current share price. RF do 700 IPO shares in exchange for a Club 1872 membearship which is worth £500 - and thats to cover the expensive IPO price 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,405 Posted January 23, 2015 Share Posted January 23, 2015 I think if memory serves me right that a life membership of the RST was £100. That would make the offer price of them buying 357 shares from anyone at 28p, which I believe is slightly ahead of where the share price is currently. It is a reasonable offer to make I suppose but anyone buying RFC shares at the IPO were not doing so to punt them on, they were to own a wee piece of the club so I am not expecting many to take them up on the offer. They may have more success with appealing for proxies or getting bears to sign up to BR given current events, and good luck to them for a bit of creative thinking. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted January 23, 2015 Author Share Posted January 23, 2015 (edited) The letter was sent to all shareholders who bought in the IPO, that why I thought it was a wee bit steep. Suppose if people have also bought shares since then it could be looked at as being reasonable. I'm a life member anyway so offer is not for me. If not attending any agm's I will certainly proxy all my shares to RST. Edited January 23, 2015 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 23, 2015 Share Posted January 23, 2015 It's a decent offer and I expect between 100-500 shareholders to participate. If the RST get 100 participants is it really worth the paperwork and admin for the sake of c. 35k shares? 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted January 23, 2015 Author Share Posted January 23, 2015 (edited) If the RST get 100 participants is it really worth the paperwork and admin for the sake of c. 35k shares? Probably its not just about gaining more life members, it's promoting the RST to all shareholders and hoping for a spin off in memberships and BuyRangers sales. I see one person has donated all 714 IPO shares to the Trust. Edited January 23, 2015 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
buba3d 0 Posted January 23, 2015 Share Posted January 23, 2015 i got one this morning, i'm not gonna knock the group however i'm sticking with my own shares, stuck a couple of grand in at the start so i'm not going to give away shares to a group i have no interest in joining. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.