RANGERS shareholders have approved a new £12.6m fundraising share issue.
The total number of shares to be bought in the fresh issue is 63,147,137, meaning the value of the offer is £12.6m.
The new issue increases the number of ordinary shares in Rangers International Football Club plc from 81,478,201 to 144,625,341.
Shareholders voted 84.4 per cent in favour of the move.
Rangers International Football Club plc said: "The company is pleased to announce that the Resolution was resoundingly backed by shareholders...
"This is a significant increase on the percentage who previously approved the principle of a non-pre-emptive share issue and is a welcome endorsement of the Board’s decision to recommend the share issue to members."
In a general meeting notice, the club said: "The issue of shares will improve the capital base of the company and ensure the ongoing funding of the company is both secure and compliant with all rules affecting football clubs."
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