Rangers raises £22.2m in return to stock market

By GARETH MACKIE
Published 19th Dec 2012, 08:28 BST
The holding company of Rangers football club has raised about £22.2 million through its flotation on the Alternative Investment Market (Aim).

At a placing price of 70p per share, Rangers International Football Club has market value of about £45.6m.

The club said the funds will give it a “secure financial future” and will be used to update and develop its facilities, while giving it the ability to buy new players “when appropriate”.

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