This update is to remind shareholders of the action required in relation to those resolutions and to provide further detail on how to participate in the proposed share issue.
There are two separate actions for shareholders to consider:
Return your written resolution consent form (if not already submitted) by 22 April
Submit your details if you wish to participate in the share issue by 17 April
You may complete either or both actions, depending on your intentions as a shareholder.
Return Your Written Resolution Consent Forms
If you have not yet returned your signed consent form, please do so as soon as possible. The deadline for returning your signed consent form is 22 April.
To approve the resolutions, please sign and date the consent form and return it to the Company Secretary, Graham Horsman, at Notifications@Rangers.co.uk.
The resolutions require:
More than 50% approval for the ordinary resolution (share allotment authority); and
75% approval for the special resolution (waiver of pre-emption rights).
Participating in the Share Issue
We have received strong interest from existing shareholders who wish to participate in the forthcoming share issue. This update provides details on how you can express your interest and what information we will need from you.
Share Issue Terms
Subject to approval of the written resolutions, the Company is offering ordinary shares at a price of £0.20 per share. Due to strong demand, there are a limited number of shares available for allocation.
The Board intends to allocate shares on a pro-rata basis to existing shareholders who have expressed interest, having regard to their current shareholdings. Subject to availability, there may be an opportunity to allocate additional shares beyond the pro-rata entitlement.
Please note that there is a minimum participation threshold of 1,000 shares (representing a minimum investment of £200).
Information Required
To enable us to process your application, please provide the following information by 17 April:
Your investor number;
Your address;
Confirmation of the number of ordinary shares you currently hold in the Company;
A copy (or copies) of your share certificate(s); and
The number of shares you wish to apply for in the share issue.
Please send this information to Notifications@Rangers.co.uk. Please use the subject line: “Share Issue Participation – [Your Name]”.
Next Steps
Once we have received the required information from all interested shareholders, the Board will determine the final allocation. We will then write to you to confirm:
the number of shares allocated to you;
the total subscription amount payable;
payment instructions and bank details; and
the deadline for payment and completion of the subscription.
Other Queries
We have received a number of queries relating to the administration of existing shares. Please direct any queries in that regard to the Club’s registrar: shareholderenquiries@cm.mpms.mufg.com
Thank you for your continued support of our club.
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