I’ve had an initial read through the prospectus for yet another Newco, this time Rangers International Football Club plc, which “was incorporated with the intention of acquiring RFCL upon Admission in order to allow an investment in the Company to qualify for VCT and EIS tax relief”.
There can be no qualms from HMRC that anything has been hidden from them this time, incorporated to allow an investment to qualify for tax relief. RFCL (Rangers Football Club Limited) is not eligible for VCT and EIS tax relief, so the incorporation of a new company was necessary. HMRC provisions require VCT and EIS schemes to be used for genuine trading purposes, not as part of a tax avoidance scheme, so I’m sure the Newco’s lawyers have got all their details correct.
On the subject of getting details correct, the prospectus notes there are 33,415, 200 RFCL shares in issue. It then goes on to list the shareholdings of entities which own over 3% of the company, and lists 36,385,200 shares in this category. Shares held by entities with less than 3% of the company’s shares, such as the £700k-basic-per-annum-Ramsdens-Cup-flop McCoist, are on top of this 36million.
The prospectus also notes that if the issue is fully subscribed the new shareholders will own 63.3% of shares, not the 53.6% my calculator suggests (existing shares: 33.4152m, placing: 24.242875m, offer: 14.285714m).
Charlie Green is paying £2.5m for this issue, perhaps the cost of a calculator would have blown the budget.
Most curiously of all, the identity of those behind Blue Pitch Holdings, remains undeclared.
As you should know by now, the year ahead is an enormous one for the club. Many among the support, and at the club, want to use our 125th year to reaffirm why we are more than just a football club – we are a humanitarian phenomenon.
You are going to hear a lot about this over the next 12 months but this week you, me and everyone else are called to assist Teenage Cancer Trust and Celtic Charity by supporting a totally unique opportunity.
One of the world’s genuine A-list celebrities is lending his talent to our cause. Today, Rod Stewart’s new single, Have Yourself a Merry Little Christmas, is released in aid of Celtic Charity and Teenage Cancer Trust. You can download or buy a CD from Amazon, Play.com or, if you really want to, iTunes.
I want the objectives of the 125 4 125 campaign to succeed. This is a year when the Celtic Movement can push ahead in a way no other club or group can. The Rod Stewart brand gives us an opportunity to raise the profile of the larger campaign higher than the combines efforts of thousands of us online. He’s also a genuine, bleed-green fan with Celtic in his heart.
Encourage everyone you know to buy the single and get it as high up the charts this week as possible. You Have Yourself a Merry Little Christmas now.
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Doesn’t that bass drum look brilliant, oh, and the fiddlers look ok too. :)))
Weefra HH
BT
I know :>)))
The Laddy McGeary
you mean Messi’s been elbowed out?
by,
Was thinking about lowering the tone :oD))))
canamalar
go for it mate…
gene’s a bhoys name
Ha! Indeed
Also heard the sevco fan that won boak factor won by a world record vote
If Sevco were the same club why…..
Would CG have paid over 3m more than he had to to buy the lot
Why the need to transfer a licence
Why were they not deducted points at the start of the season for being in admin
Why were they not seeded in the SC
Why are they unable to play in Europe for 3 yrs at least
Why are their debencher fans seats no longer valid
Why when Regan was asked if they were the same club he did not say YES
Why does Wattie say in my view when talking about them being the same club
Oh and a final question ,When will the illusionists think the hordes will be ready to be told the truth
No surrender!!
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaagggggggggggghhhhhhhhhh!!
http://www.youtube.com/watch?v=VTvFC7QNc0Q
Barca win but lucky in 2nd half
bt,
Happy in the dolly
Celticmac
yon Kelly Dalgliesh on STV,
fecking English, what do you think? o))
We’re having a party at the end of the world
canamalar
might sneak a wee trip this week, I’ll give you warning so you can leave..
Just spotted a few CQNer’s at the Sundaymail sports awards on STV is the blog up for an award;)
or is there free beer
bt,
Always a chore :oD))))
Booked ma grandson driving lessons today for his christmas, sh@@ now realise how old i am :((((
Weefra HH
http://www.youtube.com/watch?v=UUxfnTOCIeM
WeefratheTim
get away you must have been a child bride
happy birthday kano.
the foundation will always be your legacy.
god bless pablo
gene
Ye say the nicest things, but am still an auld fart lol
Weefra HH
early start tomorrow
night all
God bless Celtic
WTF
Smith
I despair…
The game between Tivoli Gardens v Humble Lions has just kicked off……..
I was going to ask for predictions, but as Tivoli have opened the scoring in the first minute, me thinks the home team are looking good for the 3 points :>)))
anti-elf ism is rife in some places.
http://www.youtube.com/watch?v=ZsPVPtjye4c&feature=endscreen&NR=1
BT
Eh?
Weefra HH
gene’s a bhoys name
21:46 on
9 December, 2012
67heaven
thats because it’s a loan….nudge nudge…wink wink
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
HaHaHaHaHaHaHaHa …….this Rod Stewart show is BRILLIANT
What age is Rod ?
67
Wit are these lassies like whooooohoooo :)))
WeefraHH
The cardigan on the Sunday mail sports awards.
Looks like an extra from the film “the sting” how appropriate.
The gaffers there as well
Weefra HH
WeefratheTim
21:56 on
9 December, 2012
Age?
Better than the alternative.:-)
blantyretim
STV? Is Bill Tennant still on that?
Weefra
STV with smith being on the podium to give the award..
I really do despair…
scotland is orange
glasgow is green and white..
macjay1
1-0 to you :))) lol
Weefra HH
Rod the Mod is 128, looking no to bad for his age if I may say :>)))
BT
Nothing is beyond them in this infested place.
Weefra HH
VomitingCSC
CMAC
I remember the wee clock..