Rangers shares have been suspended from the PLUS market because of a failure to submit audited accounts on time. However, the club played down the significance of the move, arguing that they had been thinking of leaving the exchange anyway given that few shares are traded.
Rangers shares have been suspended from the PLUS market because of a failure to submit audited accounts on time. However, the club played down the significance of the move, arguing that they had been thinking of leaving the exchange anyway given that few shares are traded.
The PLUS exchange also announced an investigation into the circumstances in which Craig Whyte had become a director of the club in 2011 without disclosing the fact that that he had been disqualified from serving as a director for seven years in 2000.
The tax tribunal involving the club’s dispute with Revenue and Customs gets under way next week, but a verdict is not expected until March. The club has not ruled out going into administration if the decision is unfavourable.