ian1964 10,594 Posted January 25, 2019 Share Posted January 25, 2019 NEW information for shareholders on the mandatory offer for shares in RIFC can be found via the link below. https://rangers.co.uk/news/headlines/rangers-international-football-club-plc-rifc/ 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted January 26, 2019 Share Posted January 26, 2019 Received offer paperwork this morning, don't think Ill be taking it up. 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted January 26, 2019 Share Posted January 26, 2019 Nor me, although I wouldn’t mind someone making me a decent offer. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,457 Posted January 27, 2019 Share Posted January 27, 2019 Why they came up with this 20p offer demand is a bit strange. Not the demand to have the offer as such, but why well below the going rate? Then again, there might be machinations to come up with the amount. 0 Quote Link to post Share on other sites More sharing options...
buster. 4,967 Posted January 27, 2019 Share Posted January 27, 2019 11 minutes ago, der Berliner said: Why they came up with this 20p offer demand is a bit strange. Not the demand to have the offer as such, but why well below the going rate? Then again, there might be machinations to come up with the amount. There are and it's about the historic share price at a certain time(period). Others may be able to give the exact terminology. 1 Quote Link to post Share on other sites More sharing options...
Bluedell 5,417 Posted January 28, 2019 Share Posted January 28, 2019 On 27/01/2019 at 11:04, der Berliner said: Why they came up with this 20p offer demand is a bit strange. Not the demand to have the offer as such, but why well below the going rate? Then again, there might be machinations to come up with the amount. From The Takeover Code: "When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced." 1 Quote Link to post Share on other sites More sharing options...
compo 6,517 Posted January 28, 2019 Share Posted January 28, 2019 We will just keep ours 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted January 30, 2019 Share Posted January 30, 2019 Dear Member, You may be aware that the mandatory cash offer for the share capital of Rangers International Football Club PLC, which the Takeover Panel required to be made by Dave King, has now been formally lodged. This is a short update to inform you that, in accordance with members’ wishes, Club 1872 will not be taking up that offer and will not be selling our shareholding in RIFC Plc. Members will recall that they were recently polled on granting an irrevocable undertaking to Mr King - that the organisation would not sell its shares for the offer price of 20p. This poll was 97.8% in favour of granting the undertaking, which was duly done, and so there is no requirement for a further poll of members on the formal offer. We have also received a number of questions from members regarding their options for shares in RIFC Plc which they hold personally. The decision on whether to accept the offer is one for each individual shareholder to consider and not something which we can provide guidance on. However, we can clarify that should you not wish to accept the offer for any shares you hold personally, you do not need to take any action. Club 1872 1 Quote Link to post Share on other sites More sharing options...
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