{"id":418851,"date":"2011-05-06T19:15:07","date_gmt":"2011-05-06T19:15:07","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/06\/rangers-takeover-complete\/"},"modified":"2011-05-06T19:15:07","modified_gmt":"2011-05-06T19:15:07","slug":"rangers-takeover-complete","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/06\/rangers-takeover-complete\/","title":{"rendered":"Rangers takeover complete"},"content":{"rendered":"
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Whyte: Has acquired approximately 85.3% holding in Rangers<\/p>\n<\/div>\n

Craig Whyte has finally acquired a majority shareholding in Rangers after a lengthy takeover process.<\/p>\n

The buy-out sees Whyte take 85.3 per cent of shares in the club and replace Sir David Murray’s Murray International Holdings (MIH) as majority shareholder.<\/span><\/p>\n

In a statement released to the stock exchange on Friday evening it was confirmed that Wavetower, a company owned by Whyte, had completed the purchase of MIH’s shares.<\/span><\/p>\n

The statement read: “Wavetower is pleased to announce that it has today acquired 92,842,388 ordinary shares, representing approximately 85.3% of the issued share capital in The Rangers Football Club PLC (the “Club”), for a consideration of GBP1.<\/span><\/p>\n

“Wavetower acquired its interest in the Club (the “Acquisition”) from Murray MHL Limited.<\/span><\/p>\n

Development<\/span><\/h4>\n

“The Acquisition would ordinarily have required Wavetower to make a general offer in cash under Rule 9 of the Takeover Code to all other shareholders in the Club but, as the consideration paid by Wavetower for the shares acquired is GBP1, the Takeover Panel has granted Wavetower a dispensation from making such an offer.<\/p>\n

“Wavetower intends to post a circular to the Club’s shareholders by 16th May, 2011 containing background information on Wavetower and other relevant information.<\/p>\n

“Wavetower intends to maintain the club’s listing on PLUS Markets for a minimum of 12 months from the date of this announcement.<\/p>\n

“Wavetower is 100 per cent owned by Liberty Capital, a company which is ultimately owned by Craig Whyte.<\/p>\n

“Craig is a lifelong Rangers supporter and is very much looking forward to guiding and assisting Rangers in its development over the coming years.”<\/p>\n<\/div>\n

Read the original post:
\nRangers takeover complete<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Whyte: Has acquired approximately 85.3% holding in Rangers Craig Whyte has finally acquired a majority shareholding in Rangers after a lengthy takeover process. The buy-out sees Whyte take 85.3 per cent of shares in the club and replace Sir David Murray’s Murray International Holdings (MIH) as majority shareholder. In a statement released to the stock exchange on Friday evening it was confirmed that Wavetower, a company owned by Whyte, had completed the purchase of MIH’s shares<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418851","post","type-post","status-publish","format-standard"],"yoast_head":"\nRangers takeover complete - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/06\/rangers-takeover-complete\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Rangers takeover complete - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Whyte: Has acquired approximately 85.3% holding in Rangers Craig Whyte has finally acquired a majority shareholding in Rangers after a lengthy takeover process. 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