Just before 1pm today the Stock Market noted that there had been a sale, at a price of 41p per share, of 3,328,672 shares in Rangers International Football Club PLC at a price of 41p each.
With such a sizeable sale there will require to be an imminent announcement about the seller/buyer.
What will be interesting is the view on life of the seller.
With such a large shareholding it is unlikely that the seller paid full price for the shares at the IPO. It is much more likely that the seller is one of the initial investors who got shares for 1p each. Continue reading