TheFarmer 260 Posted December 5, 2012 Share Posted December 5, 2012 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSIONIN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIMRULES")-----------------------------------------------------------------------COMPANY NAME:-----------------------------------------------------------------------Rangers International Football Club plc-----------------------------------------------------------------------COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANYTRADING ADDRESS (INCLUDING POSTCODES) :-----------------------------------------------------------------------Ibrox Stadium, 150 Edmiston Drive, Glasgow, G51 2XD-----------------------------------------------------------------------COUNTRY OF INCORPORATION:-----------------------------------------------------------------------Scotland-----------------------------------------------------------------------COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIREDBY AIM RULE 26:-----------------------------------------------------------------------www.Rangers.co.uk (available upon admission)-----------------------------------------------------------------------COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTINGPOLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSETAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:-----------------------------------------------------------------------Rangers International Football Club plc following admissionwill own and operate Rangers Football Club Limited. RangersFootball Club, based in Scotland, has become one of the world'smost successful clubs, having won 54 League titles, 33 ScottishCups, 27 League Cups and the European Cup Winners' Cup in 1972.Playing at the 50,987 seater Ibrox Stadium, Scotland, and benefittingfrom the world class 37 acre Murray Park training facility,the club has been a dominant force in Scottish football fordecades.The club generates revenues from match-day sales, broadcastingrights, retail and merchandising as well as other media rights.-----------------------------------------------------------------------DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONSAS TO TRANSFER OF THE SECURITIES (i.e. where known, numberand type of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasuryshares):-----------------------------------------------------------------------Ordinary shares of 1 penny each at an issue price of 70 pence.The shares are freely transferable and have no restrictionsplaced on them.-----------------------------------------------------------------------CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATEDMARKET CAPITALISATION ON ADMISSION:-----------------------------------------------------------------------Up to GBP27 million to be raised on admission through the placingand public offer. Anticipated market capitalisation GBP50 million(assuming subscription in full of the public offer).-----------------------------------------------------------------------PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:-----------------------------------------------------------------------TBA-----------------------------------------------------------------------DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICHTHE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:-----------------------------------------------------------------------None-----------------------------------------------------------------------FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS(underlining the first name by which each is known or includingany other name by which each is known):-----------------------------------------------------------------------Malcolm Alexander Murray (Non-Executive Chairman)Charles Alexander Green (Chief Executive Officer)Brian Stockbridge (Finance Director)Walter Smith (Non-Executive Director)James Ian Henderson Hart (Non-Executive Director)Philip Cartmell (Non-Executive Director)Frederick Bryan Smart (Non-Executive Director)-----------------------------------------------------------------------FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSEDAS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTERADMISSION (underlining the first name by which each is knownor including any other name by which each is known):-----------------------------------------------------------------------Upon admission, Rangers International Football Club plc willacquire Rangers Football Club Limited on the basis of a onefor one share exchange and after admission Rangers InternationalFootball Club plc will be the holding company for the group.Before AdmissionRangers Football Club Limited - the current operating businessNo of OrdinaryShareholder Shares Percentage------------------------------- --------------- -----------Charles Green 5,000,200 14.96%Blue Pitch Holding 4,000,000 11.97%Mike Ashley 3,000,000 8.98%Margarita Funds Holding Trust 2,600,000 7.78%Richard Hughes 2,200,000 6.58%Imran Ahmad 2,200,000 6.58%Craig Mather 1,800,000 5.39%Norne Anstalt 1,200,000 3.59%Rangers International Football Club plc - the holding companyof the group following admissionFFW Secretaries Limited - 100%After AdmissionRangers International Football Club plc which will own RangersFootball Club Limited (assuming no take-up under the publicoffer)No of OrdinaryShareholder Shares Percentage------------------------------ -------------- ----------Charles Green 5,000,200 8.67%Hargreave Hale Limited 4,949,000 8.58%Artemis Investment Management LLP 4,286,000 7.43%Blue Pitch Holding 4,000,000 6.94%Mike Ashley 3,000,000 5.20%Margarita Funds Holding Trust 2,600,000 4.51%Cazenove Capital Management Limited 2,450,000 4.25%Richard Hughes 2,200,000 3.82%Imran Ahmad 2,200,000 3.82%Legal & General Investment Management Limited 2,000,000 3.47%Insight Investment Management (Global) Limited 1,900,000 3.30%Craig Mather 1,800,000 3.12%-----------------------------------------------------------------------NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE2, PARAGRAPH (H) OF THE AIM RULES:-----------------------------------------------------------------------None-----------------------------------------------------------------------(i) ANTICIPATED ACCOUNTING REFERENCE DATE(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSIONDOCUMENT HAS BEEN PREPARED (this may be represented by unauditedinterim financial information)(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTSPURSUANT TO AIM RULES 18 AND 19:-----------------------------------------------------------------------(i) 30 June(ii) 31 August 2012(iii) 31 March 2013, 31 December 2013, 31 March 2014-----------------------------------------------------------------------EXPECTED ADMISSION DATE:-----------------------------------------------------------------------19 December 2012-----------------------------------------------------------------------NAME AND ADDRESS OF NOMINATED ADVISER:-----------------------------------------------------------------------Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS-----------------------------------------------------------------------NAME AND ADDRESS OF BROKER:-----------------------------------------------------------------------Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London EC2R 7AS-----------------------------------------------------------------------OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BEAVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULLDETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:-----------------------------------------------------------------------Ibrox StadiumGlasgow G51 2XDThe Admission Document will contain full details about RangersInternational Football Club plc and the admission of its securities.-----------------------------------------------------------------------DATE OF NOTIFICATION:-----------------------------------------------------------------------5 December 2012Link: www.investegate.co.uk/aim/rns/sch-1--rangers-international-football-club-plc/201212050956047840S Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 What the fuck is 'Rangers International Football Club plc' ? Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 Some new investors and directors in there I haven't seem mentioned before either.I'v highlighted the interesting stuff. Quote Link to post Share on other sites More sharing options...
Creampuff 22,630 Posted December 5, 2012 Share Posted December 5, 2012 What the fuck is any of this?! Quote Link to post Share on other sites More sharing options...
Gaz92 966 Posted December 5, 2012 Share Posted December 5, 2012 What the fuck is any of this?!It's all the plan of an evil genius. All I can read from first reading is that potentially 27 million has been raised from share issue. That might even be wrong. Quote Link to post Share on other sites More sharing options...
Big Al 55 9,508 Posted December 5, 2012 Share Posted December 5, 2012 It just show how the current shareholders holding will be diluted after AIM flotation?Charlie has a lot more shares than I thought he would have. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted December 5, 2012 Share Posted December 5, 2012 It just show how the current shareholders holding will be diluted after AIM flotation?Charlie has a lot more shares than I thought he would have.He's still under the promised 15% though. Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 It just show how the current shareholders holding will be diluted after AIM flotation?Charlie has a lot more shares than I thought he would have.I thought the interesting bit was the holding company.Going by that we would be investing in the holding company 'Rangers International FC Plc' ? Quote Link to post Share on other sites More sharing options...
Senna 735 Posted December 5, 2012 Share Posted December 5, 2012 I thought the interesting bit was the holding company.Going by that we would be investing in the holding company 'Rangers International FC Plc' ?Probably a tax dodge. Quote Link to post Share on other sites More sharing options...
The Godfather 75,671 Posted December 5, 2012 Share Posted December 5, 2012 It's like one of those tests at school where you spent the weeks leading up to it playing football and watching shite TV. Quote Link to post Share on other sites More sharing options...
Big Al 55 9,508 Posted December 5, 2012 Share Posted December 5, 2012 He's still under the promised 15% though. Still amazed he is in fact our largest shareholder. Not that I have an issue with it, but always got the impression from him that he was a spokesperson, not that he was the largest shareholder.Good luck to him, the more he has invested the harder he will fight to protect it. Quote Link to post Share on other sites More sharing options...
johanhentze 14,717 Posted December 5, 2012 Share Posted December 5, 2012 Looks as though a lot has been raised so far and that they expect it to reach £30m odd? Is that correct? Quote Link to post Share on other sites More sharing options...
johanhentze 14,717 Posted December 5, 2012 Share Posted December 5, 2012 ..Does anybody know who the 2 'new' non execs are? Quote Link to post Share on other sites More sharing options...
Big Al 55 9,508 Posted December 5, 2012 Share Posted December 5, 2012 Looks as though a lot has been raised so far and that they expect it to reach £30m odd? Is that correct?£20M from institutional investors and hopefully £10M from fans pledges. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted December 5, 2012 Share Posted December 5, 2012 Still amazed he is in fact our largest shareholder. Not that I have an issue with it, but always got the impression from him that he was a spokesperson, not that he was the largest shareholder.Good luck to him, the more he has invested the harder he will fight to protect it.Combine that fact with the warm and safe knowledge that Sir Walter is on the board and it does make you feel secure about the future of the club, and how we'll now react to any attacks. Quote Link to post Share on other sites More sharing options...
scarkev 3,540 Posted December 5, 2012 Share Posted December 5, 2012 ..Does anybody know who the 2 'new' non execs are?Is this not smith and Harte? Quote Link to post Share on other sites More sharing options...
JCDBigBear 10,981 Posted December 5, 2012 Share Posted December 5, 2012 I thought the interesting bit was the holding company.Going by that we would be investing in the holding company 'Rangers International FC Plc' ?The Club will be owned by a parent company, quite simply. From the document:"Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited". Rangers International Football Club plc will acquire Rangers Football Club Limited on the basis of a one for one share exchange and after admission Rangers International Football Club plc will be the holding company for the group. Quote Link to post Share on other sites More sharing options...
johanhentze 14,717 Posted December 5, 2012 Share Posted December 5, 2012 £20M from institutional investors and hopefully £10M from fans pledges.Good stuff! There is a possibility that the fans will invest more than that! Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 Link (credit to @summito on twitter Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 The Club will be owned by a parent company, quite simply.From the document:"Rangers International Football Club plc following admission will own and operate Rangers Football Club Limited". Rangers International Football Club plc will acquire Rangers Football Club Limited on the basis of a one for one share exchange and after admission Rangers International Football Club plc will be the holding company for the group.So are we to buy shares in the 'parent company', as you call it, or the company that directly operates the club?Rangers International Football Club plc? or,The Rangers Football Club ltd?Previous shareholders owned shares in the company that directly operated the club (The Rangers Football Club Plc) not a parent company or holding company. Quote Link to post Share on other sites More sharing options...
Big Al 55 9,508 Posted December 5, 2012 Share Posted December 5, 2012 Good stuff! There is a possibility that the fans will invest more than that!There is £20M in pledges I think Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted December 5, 2012 Author Share Posted December 5, 2012 Is this not smith and Harte?There are two new ones listed in the OP Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted December 5, 2012 Share Posted December 5, 2012 ..Does anybody know who the 2 'new' non execs are?Drug dealers, granny beaters, tax avoiders and drink drivers who drown puppies in rivers according to the timz Quote Link to post Share on other sites More sharing options...
johanhentze 14,717 Posted December 5, 2012 Share Posted December 5, 2012 Is this not smith and Harte?Philip Cartmell andFrederick Bryan Smart Quote Link to post Share on other sites More sharing options...
johanhentze 14,717 Posted December 5, 2012 Share Posted December 5, 2012 Drug dealers, granny beaters, tax avoiders and drink drivers who drown puppies in rivers according to the timz That's what I heard as well... 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.