FRIDAY, 29 AUGUST 2014 07:00 Open Offer WRITTEN BY RANGERS FOOTBALL CLUB Further to the announcements on 25 April and 6 August 2014, the Board of Rangers is pleased to announce an Open Offer of up to 19,864,918 new Ordinary Shares at 20p each (New Ordinary Shares) to raise up to GBP3.97m before expenses. Qualifying Shareholders are entitled to subscribe for New Ordinary Shares on the basis of 0.30185 New Ordinary Shares for each existing Ordinary Share in the Company held on the Record Date. In addition Qualifying Shareholders subscribing for their full entitlement under the Open Offer may also request additional New Ordinary Shares through the Excess Application Facility. The Open Offer is subject to an aggregate minimum subscription of 15,000,000 New Ordinary Shares. The Issue Price of 20 pence per New Ordinary Share represents a discount of approximately 21.6 per cent. to the closing middle market price of 25.5 pence for each existing Ordinary Share in the Company on 28 August 2014. Private Shareholders whose existing ordinary shares are held by a nominee company should get in touch with their custodian to ensure that they are given the opportunity to participate in the Open Offer. A circular (the Circular) setting out details of and the terms relating to the Open Offer will be posted today and made available on the Companys website, rangersinternationalfootballclub The full announcement is available here.
Posted on: Fri, 29 Aug 2014 07:03:01 +0000
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