uneasydaz
Well-Known Member
FOUR million more shares have been issued in Rangers' holding company - at a cost of £1million.
The latest transaction in Rangers International Football Club PLC went through at the end of last month and was communicated on Companies House today.
A total of four million shares were alotted - and bought at 25p per share.
It's the first such transaction this year, and comes after similar allotments in two tranches of five million (£1.25m) and four million (£1m) in January and February of last year.
It’s not known if the shares are being issued for cash investment or for the conversion of previous loans into equity.
It comes after the Ibrox side announced their most positive set of results in a decade at the end of last year.
The headline figure from the club's year-long figures up to the end of June was a turnover of £86.8million - a club record.
That saw an operating profit of £5.9million - compared to an operational loss of £23.5m for the 12 months which immediately preceded it.
And those figures didn't include the sales of Calvin Bassey and Joe Aribo - and this season's Champions League money.
The club saw a modest but important investment in players last month with the arrival of Todd Cantwell and Nicolas Raskin.
The likes of Douglas Park and John Bennett have previously committed to providing additional loan facilities to meet shortfalls but Gers last year hailed the success of the player-trading model.
Park wrote in his annual report notes: "Off the field, and allied to performance on the pitch, we have continued to make enormous strides.
"I am delighted to be reporting a Club record turnover of £86.8m for the year to 30 June 2022.
"From this revenue, we returned an Operating Profit of £5.9m which represents an improvement of £27.6m on last year’s operating loss.
"This demonstrates the success and progress achieved over the last 12 months.
"During the year to 30 June 2022, we have raised new equity of £10.1m and taken on new debt of £3.6m to strengthen our financial position.”
The latest transaction in Rangers International Football Club PLC went through at the end of last month and was communicated on Companies House today.
A total of four million shares were alotted - and bought at 25p per share.
It's the first such transaction this year, and comes after similar allotments in two tranches of five million (£1.25m) and four million (£1m) in January and February of last year.
It’s not known if the shares are being issued for cash investment or for the conversion of previous loans into equity.
It comes after the Ibrox side announced their most positive set of results in a decade at the end of last year.
The headline figure from the club's year-long figures up to the end of June was a turnover of £86.8million - a club record.
That saw an operating profit of £5.9million - compared to an operational loss of £23.5m for the 12 months which immediately preceded it.
And those figures didn't include the sales of Calvin Bassey and Joe Aribo - and this season's Champions League money.
The club saw a modest but important investment in players last month with the arrival of Todd Cantwell and Nicolas Raskin.
The likes of Douglas Park and John Bennett have previously committed to providing additional loan facilities to meet shortfalls but Gers last year hailed the success of the player-trading model.
Park wrote in his annual report notes: "Off the field, and allied to performance on the pitch, we have continued to make enormous strides.
"I am delighted to be reporting a Club record turnover of £86.8m for the year to 30 June 2022.
"From this revenue, we returned an Operating Profit of £5.9m which represents an improvement of £27.6m on last year’s operating loss.
"This demonstrates the success and progress achieved over the last 12 months.
"During the year to 30 June 2022, we have raised new equity of £10.1m and taken on new debt of £3.6m to strengthen our financial position.”