On April 2nd 2015 Rangers Football Club (RFC) was booted off the AIM casino, the junior market of the London Stock Exchange. A nominated adviser, Nomad, for many AIM companies has now contacted us to explain how this was a direct result of a covert killing by the London Stock Exchange (LSE) itself. Shareholders in Sefton Resources (SER) be warned…you may be next.
As a reminder, disgraced WH Ireland (WHI) resigned as Nomad to Rangers on March 4. Under AIM Rules if no new Nomad is found within a month a company loses its AIM listing. And that is indeed what happened on April 2.
Rangers explained its humiliating ejection thus:
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