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Share Information - Rangers Football Club, Official Website

If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the BBC website. However, you can change your cookie settings at any time. These are external links and will open in a new window. He could now be liable to buy all the shares in the holding company Rangers International Football Club, held by other shareholders - at 20p a share.

The Takeover Appeal Board Tab made the ruling after deciding he worked in "concert" with three others when he bought shares. The Tab ruling said Mr King, along with George Letham, George Taylor and Douglas Park, had acted as a "concert party" to acquire shares in the company, rather than acting as an individual.

A concert party, in company law, isn't as entertaining as it might sound. It's when a group act in concert, together, and thus get round the intention of the law.

Company law recognises that takeovers, sometimes hostile, are not to be discouraged. But if they take place, they ought to be fair, and to some extent open. In publicly traded shares, as a series of ownership thresholds are passed, the market has to be informed. At that level, it is possible to have effective control of a company, even if you don't have more than half the voting rights. And the law seeks to protect the interests of small-scale shareholders. A concert party is when more than one person or company is building up stakes in the company, having agreed a takeover strategy in advance.

The takeover law requires them to declare their co-operation and if they don't, retrospective action can be taken.

That's what has happened in Rangers case. At least one outcome of the legal process is that it has laid out the unhelpful attitude Dave King has towards such regulators, and the extraordinary complexity of the rangers football club shares buy network - Virgin Islands, via Gibraltar via Guernsey - by which he acquired his stake in the Ibrox club.

Mr King, who led a successful boardroom takeover insaid he would take time to reflect upon the ruling and consider the best course of action odbc call failed optional feature not implemented #0 himself, RIFC and its shareholders.

In a statement on the Rangers Football Club websitehe said: He said that even if he proceeded with an offer, it would be rejected binary option regulations 500 an "overwhelming majority of RIFC's shareholders". King Salman has replaced the previous heir to the throne - his nephew - with his year-old son.

Rangers: Dave King company buys 15% of Glasgow club - BBC Sport

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Ownership of Rangers F.C. - Wikipedia

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Search Search the BBC Search the BBC. BBC News News navigation Sections. Ibrox control setback for chairman Dave King 13 March These are external links and will open in a new window Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link http: Mr King said he did not agree with the ruling or the share price.

More on this story. Rangers chairman Dave King calls for prudence and patience.

Ownership of Rangers F.C. - Wikipedia

Dave King's consortium wins control of Rangers boardroom. Dave King greeted by applause at EGM. Video Rangers fan on Dave King: Top Stories Saudi king ousts nephew for son King Salman has replaced the previous heir to the throne - his nephew - with his year-old son.

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