Rangers make share offering announcement following thousands of applications
Photo by Willie Vass/Pool via Getty Images

Rangers make share offering announcement following thousands of applications

Rangers have made a share offering announcement, confirming that shares are now publically available and urging supporters to invest.

The club announced the share offering at the beginning of the month with a video that featured most of the club’s key figures.

Managing director Stewart Robertson, deputy chairman John Bennett, sporting director Ross Wilson and manager Steven Gerrard all threw their weight behind the launch.

Ordinary shares are up for grabs, with the minimum individual investment £500 and the maximum £100,000.

However, it has since been confirmed that those who are unable or unwilling to commit as much as £500, can go through fan group Follow Rangers and invest sums as low as £10, which will then be combined with other small cash contributions into a bigger lump sum [Scottish Sun].

Rangers managing director Stewart Robertson spoke of the major opportunity the share offering has presented to fans. (photo by Vagelis Georgariou/Action Plus via Getty Images)

The lump sum will then be used to buy shares on behalf of those who contributed, with each individual receiving their own certificate after the process is complete.

Gers chairman Douglas Park said the response to the invitation to pre-register interest was ‘astonishing’ and when a priority window opened on 16th June, the club stated that ‘thousands of applications’ had been made.

As of Monday morning, the priority window is closed and the share offering is available to all.

Alongside the announcement, the club reshared the video that features the club executives and then posted another invitation on Monday evening.

There’s likely to be a real push over the coming weeks and it would be no great surprise if the target was achieved, considering the feel-good factor around the club and the speed with which season tickets were snapped up.

Fans are also eagerly awaiting the official release of the 2021/22 home kit and many are delighted with the design shown in an image that was ‘leaked’ over the weekend.