Who has Bought 600k Shares and Wants To Buy Out the Easdales

[Tannochsidebear 2,463]

With 13,000 members paying in an average of a tenner a month, that is a lot of money coming into RF every month. I am guessing they must have more than enough to complete this purchase, buy their full allocation at a future share issue, and still be in the market for more. Of course purchases like this should also encourage more fans to join with them, and with the thought that your tenner a month may help to buy out the Easdales is a very strong emotional selling point to use to get more Bears involved.

[Bluedell 5,876]

Surely though at the time of the share issue they could still maintain their existing level, as well as buy up the available shares from those existing shareholders unwilling to maintain their percentage? Easdale/Ashley/Blue Pitch etc are unlikely/unable in the case of the latter two to want to retain their current percentage. I don't think that the good guys are any longer in danger of being outvoted by the Easdale block unless there has been some drastic shift behind the scenes? Fair play to them, the more shares that we have owned by fans (and I include King and the 3B in that), the better, but obviously this is money not going into the club and I do wonder about the take up at the next offering. Will DK and the 3B underwrite this?

There appears to be no need to underwrite the share issue if RF are confident enough that they will be able to buy any unsubscribed shares available......... :devil:

[aweebluesoandso 290]

I small step for the Bears, one giant leap towards fan ownership.

[Davie P 4]

With 13,000 members paying in an average of a tenner a month, that is a lot of money coming into RF every month. I am guessing they must have more than enough to complete this purchase, buy their full allocation at a future share issue, and still be in the market for more. Of course purchases like this should also encourage more fans to join with them, and with the thought that your tenner a month may help to buy out the Easdales is a very strong emotional selling point to use to get more Bears involved.

 

Without a doubt, I agree entirely with your comments, but I am still curious as to the need to make the purchase now. As you say, RF are sitting on a nice cash 'nest egg' and will be having itchy fingers. But, by waiting for the share offering, we could have kept the money within the club and still purchased the unsubscribed shares. As it stands, RF have paid a shareholder somewhere in the region of 175k. That's Ally's salary for two months right there!

[colinstein 294]

It gives them over 3% of the holding. At the next share issue they are guaranteed the opportunity to buy enough shares to keep that 3% figure

[aweebluesoandso 290]

I know nowt about share trading but i trust the RST and RF do, Looks like to me RF have laid out some bait to catch a much bigger fish, before any future share issue dilutes the prospective seller's holding?

[barca72 440]

Someone just bought a quarter of a million shares ...

 

LMMX

A division of Peterhouse House Corporate Finance

 

Rangers International Football Club PLC

 

 

 

Symbol

 

Ind Price

 

Change on Price

 

Currency

 

Daily Volume

 

 

RFC 27.5p 0 GBX 250,000

 

 

 

Trade Date

 

Trade time

 

Price

 

Volume

 

 

21.04.15 09:45 27.5p 500

21.04.15 09:48 27.5p 1,000

27.04.15 10:59 27.5p 1,501

27.04.15 11:01 27.5p 1,400

26.05.15 11:53 27.5p 14,471

28.05.15 11:34 27.5p 2,000

28.05.15 11:37 27.5p 17,000

10.06.15 11:00 27.5p 1529

07.07.15 16:11 27.5p 4556

28.07.15 15:00 27.731p 586,428

26.08.15 15:46 27.5p 250,000