Rangers: Sandy Easdale buys 1.2m new shares

SANDY Easdale, the Rangers director who owns McGill’s Buses, has upped his shareholding at the club after purchasing more than 1.2m shares.

Rangers board members, from left: James Easdale, Norman Crighton, Sandy Easdale and Graham Wallace. Picture: SNS

The purchase of 1,242,110 was announced on the London Stock Exchange. Issuing a statement on the shares, the club said: “The Company announces that it was notified yesterday that further to the Company’s Open Offer, Alexander Easdale purchased 1,242,110 ordinary shares of 1 penny each in the Company (“Ordinary Shares”) at a price of 20p per share on 12 September 2014.

“As a result, Mr Easdale now holds 4,242,110 Ordinary Shares in the Company, equal to 5.21% of the issued share capital of the Company.

Sign up to our daily newsletter

The i newsletter cut through the noise

“Mr Easdale also holds voting rights over, but does not own, a further 17,062,395 Ordinary Shares, representing 20.94% of the Company, meaning that in total he holds voting rights over 21,304,505 Ordinary Shares, representing 26.15% of the issued share capital of the Company.”