Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Rangers launches £4m fund raising

Rangers launches £4m fund raising

Scottish football club Rangers International has launched a £4 million share placing.

The club, which is a pick of River and Mercantile's UK equity head Hugh Sergeant, has issued an additional 19.9 million shares priced at 20p and said qualifying shareholders would be entitled to subscribe for new shares on the basis of 0.3 new ordinary shares for each existing ordinary share. Qualifying shareholders subscribing for their full entitlement under the offer may also request additional shares through Rangers' excess application acility. It said the open offer is subject to an aggregate minimum subscription of 15,000,000 new shares.

The issue price of 20p per share represents a discount of approximately 21.6% to the closing middle market price of 25.5p oer share on 28 August.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter