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Rangers Int F.C. Plc  -  RFC   

Admission to AIM and First Day of Dealings

Released 07:00 19-Dec-2012

RNS Number : 8560T
Rangers Int. Football Club Plc
19 December 2012
 



19 December 2012

Embargoed for 07:00

 

Rangers International Football Club plc

("Rangers" or the "Club")

 

Admission to AIM and First Day of Dealings

 

 

Rangers International Football Club plc (AIM:RFC), the holding company for the Scottish football club 'Rangers', is pleased to announce that dealings will commence today at 08:00 in its Ordinary Shares following its admission to the AIM market of the London Stock Exchange under the ticker RFC.

 

Rangers has raised approximately £22.2 million, prior to expenses, through an institutional investor placing of 24,242,857 new ordinary shares at the placing price of 70p per new ordinary share (the "Placing") and a public offer for subscription (the "Offer"), pursuant to which 7,437,999 new ordinary shares were subscribed for at the placing price of 70p per share. The total number of Ordinary Shares in issue at Admission is 65,096,056, giving Rangers a market capitalisation of approximately £45.6 million at the placing price.

 

The funds have been raised in order to provide for a secure financial future, update and develop the Club's facilities, capitalise on the Club's global brand and enable the Club to enhance its playing squad when appropriate.

 

Cenkos Securities plc acted as Nominated Adviser and Broker to the company.

 

Charles Green, CEO of Rangers, commenting on the successful Placing and Offer and the Admission to AIM said, "We are delighted to see our plans for bringing Rangers back to its glory days coming to fruition; a key part of which is its listing on AIM today. The response from investors and fans alike has been tremendous and we are very proud to have such loyal supporters.

 

"Rangers is a huge club with enormous support, and, a 140 year track record of success in both the domestic and international arenas. With a settled squad, led by manager Ally McCoist, the Club has made a strong start to the 2012/13 season and the Rangers brand and facilities provide tremendous opportunities for commercialisation and expansion. The listing on AIM is an important step to ensuring the future success of the Club."

 

 

For further information please contact:

Rangers International Football Club plc   

www.rangers.co.uk

Charles Green, CEO/ Brian Stockbridge, CFO

Tel:  0141 580 8647



Cenkos Securities plc


Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance)

Tel: 020 7397 8900

Russell Kerr (Corporate Broking)




Newgate Threadneedle


Graham Herring / John Coles / Roddy Watt / Fiona Conroy

Tel: 020 7148 6143

 

 

About Rangers International Football Club plc

The Rangers Football Club, formed in Scotland in 1872, is one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. The Club's loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 37,000 having been sold for the current season. Playing at the 50,987 seater Ibrox Stadium and benefitting from the world class 37 acre Murray Park training facility, the Club has been a dominant force in Scottish football for decades. This world class stadium, training infrastructure and a loyal and passionate global fanbase provide an excellent foundation for the Rangers Group.

 

Currently the Club is competing in Division 3 of the SFL, though it is the intention of the Directors and the manager for the Club to return to top level football as soon as possible. The history, facilities and ambition of the Club are such that the Club remains a desirable destination for foreign and domestic players alike. The first team squad is managed by Ally McCoist, the former Rangers forward, who remains the Club's all-time leading goal scorer.

 

For more information please visit the website: www.rangers.co.uk

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Admission to AIM and First Day of Dealings - RNS