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Rangers explore share issue
Published : 07 Sep 2012 15:47:33Rss feed
Rangers have confirmed they have appointed a firm to explore options for a share issue.
The club have deployed London-based Cenkos Securities to "assist with plans to raise additional capital".
Chief executive Charles Green said: "From the day the consortium I led became owners of Rangers we have repeatedly stated our intention to raise additional capital for the club and would explore all avenues, which may or may not include a stock market listing."
He added: "We are pleased to announce that we have now appointed Cenkos Securities to assist with our plans.
"We are still in the preliminary stages of this process and will make further announcements once the club has been able to consider its plans in further detail."
Green's company bought the assets and business of the original Rangers for Â£5.5million when the administration-hit club was consigned to liquidation in June.
Green has been seeking investment and has long stated he would give supporters the opportunity to purchase a major stake in the club.
Cenkos Securities describes itself as an "independent, specialist institutional securities firm" whose principal activities are corporate finance, corporate broking, institutional stockbroking, investment funds, institutional equities and market making.
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