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The Mystery of the £5.7m Share Issue Costs


boss

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Think it was in the March interim results, but don't have them handy.

Found the reference to £4.4m (note 13):

http://rangers.g3dhosting.com/regulatory_news_article/296

Strangely between 31 December 2012 and 30 June 2013, no more shares were issued but the share premium arising increased by £300k and the costs of fundraising increased by £1,308k, with the balance on the share premium account falling by £1,008k. Is this a missing link for Eurovestech or others?

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Does anyone know how much roughly in total Charles Green put into the club (whether through buying shares or whatever) and how much he got out (pay, bonuses, selling shares and share value he still retains)?

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Found the reference to £4.4m (note 13):

http://rangers.g3dho...ews_article/296

Strangely between 31 December 2012 and 30 June 2013, no more shares were issued but the share premium arising increased by £300k and the costs of fundraising increased by £1,308k, with the balance on the share premium account falling by £1,008k. Is this a missing link for Eurovestech or others?

Furthermore, that same fall of £1,008k appears in the cashflows between 31 December 2012 and 30 June 2013 (£30,798k down to £29,790k). So the £1,008k was actually physically paid out in that period. Could be to do with the 'real' IPO costs but I assume they should have been accrued in the Interims even although the cashflow would change?

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Furthermore, that same fall of £1,008k appears in the cashflows between 31 December 2012 and 30 June 2013 (£30,798k down to £29,790k). So the £1,008k was actually physically paid out in that period. Could be to do with the 'real' IPO costs but I assume they should have been accrued in the Interims even although the cashflow would change?

Good work. Keep digging because we deserve an answer to this one.

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Does anyone know how much roughly in total Charles Green put into the club (whether through buying shares or whatever) and how much he got out (pay, bonuses, selling shares and share value he still retains)?

not sure if he put any of his own money in he recieved.

Charles Green 333,077 - 217,850 360,000 22,449 933,376

Wages all in £933,376

5m shares valued around £2.5m

not sure if this includes pension and expenses.

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