MX23RW : Sunday, February 28 00:54:17| >> :120:16169:16169:

Shares in Rangers suspended from trading on Stock Exchange

Rangers announce that club shares on the Stock Exchange have been suspended from trading following the resignation of the club's nominated administrator.

Rangers have announced that shares in the club on the Stock Exchange have been suspended from trading following the resignation of nominated administrator WH Ireland.

In order to prevent the company's shares from being cancelled from trading on AIM, the Scottish club will need to appoint a new advisor within one month.

A statement via the Stock Exchange said: "The company has been informed that its nominated adviser does not believe that it can satisfy the London Stock Exchange in relation to its NOMAD obligations in respect of the appropriateness of the company's securities to be admitted to AIM, and therefore the NOMAD has resigned as nominated adviser to Rangers with immediate effect.

"The directors are disappointed that this event has had to take place despite the considerable efforts they have made over the last few weeks and months."

The news comes the day after shareholder Mike Ashley was fined £7,500 for breaching the Scottish Football Association's dual ownership rules.

ID:209212:cQx:QQ:

Click here for more stories about Mike Ashley

Click here for more stories about Rangers

Share this article now:
Did you know...?
Ally McCoist (L), coach of Rangers, leaves the stadium with businessman David King on February 22, 2012
Read Next:
King 'wins control of Rangers'
>
Latest Sports Video
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
Read more about Mike Ashley Football

rhs 2.0
Todays Game Header Right
Premier League
Championship
La Liga
Serie A
Bundesliga
Ligue 1
Eredivisie
Primeira Liga
Scottish League Cup
Turkish Super Lig
Belgian Pro League
Greek Superleague
Swiss Super League
Russian Premier League
Ukrainian Premier League
Danish Superliga
Segunda Division
2.Bundesliga
Eerste Divisie
Copa do Brasil
Copa Diego Maradona
Uruguayan Primera Division
Liga MX
Australian A-League
J1 League
Women's Super League
Gallagher Premiership
Tables
TeamPWDLFAGDPTS
1RangersRangers3026407396482
2Celtic31207465234267
3Hibernian30157841281352
4Aberdeen3113993230248
5Livingston29117113635140
6St Mirren31109122934-539
7Dundee UnitedDundee Utd31811122843-1535
8St Johnstone3089133139-833
9Motherwell3188152846-1832
10Ross County3075182254-3226
11Kilmarnock3174202743-1625
12Hamilton AcademicalHamilton2966172856-2824

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!