Post by RIG Admin on Jun 13, 2014 13:30:49 GMT
All,
We are always trying to make sure that the RIG membership database is as up-to-date as possible. We are aware that the volume of trading has been very high over the past 2 weeks and therefore many members will have increased their holdings and some may have sold-out having hit their exit prices.
Could all members who have amended their holdings in the past few weeks contact us on rangeinvestorgroup@gmail.com to confirm.
Additionally c.600 of our 830 members are on the email distribution list, with the remainder having joined only via bulletin boards. If you are one of those not on the distribution list and would like to have first access to anything RIG publishes then please tell us on the same email and we will add you.
If you are thinking about joining RIG but are unsure, please consider some of the things RIG has delivered since its inception in October 2013 (and has only been able to deliver because of the support and size of our membership):
1) Quarterly Investor Call.
Proposed the quarterly Investor Call and had it accepted as common practice. Has improved the company's ability to market itself and kept investors better informed.
2) Shareholder Voting Turnout.
RIG has published voting instructions for the 20 most common brokers making it easier for shareholders to vote. It has campaigned amongst its membership and across Range shareholders as a whole to exercise the right to vote. Although RIG cannot claim all credit it is no coincidence that since RIG’s formation voting turnout has increased from 5% immediately before RIG was formed, to 10% in November 2013 and most recently 16% in March 2014 - we can only see this percentage increasing. This will make the company think twice before putting forward resolutions that would damage shareholders.
3) Created a large well-organised group of PIs.
We number 830 members accounting for over 800m shares (18% of the company’s expanded shares in issue). We have almost 600 emails on our distribution list giving direct access to our members. This means that if we do need to organise behind something we can do so very swiftly and easily. Without RIG, PIs would not be able to mobilise if something happened quickly against their interests. We have always been constructive – RIG has grown without turning into a lynch-mob destabilising the company and has always acted with integrity and professionalism. RIG have legitimacy because 8 of its 10 representatives have been elected. In rangeinvestorgroup.com we have established an independent site that is controlled by long term Range Investors so will always be a resource for PIs.
4) Ability to call an EGM, circulate a statement to all shareholders and place resolutions.
The Companies Act entitles any group of over 100 members and accounting for more than 5% of the shares in issue to call an EGM, circulate a statement to shareholders and place resolutions. This would be very easy to organise as the RIG Representatives alone account for 1.3% of Range's shares in issue. Whilst RIG has absolutely no intention of doing any of these at present, the company will be aware that we have this right and this will help to insure they act in shareholder interests.
5) Delivered an improved IR function for all Shareholders
RIG have discovered and publicised the unprofessional behaviour of an employee at Buchanan in trying to undermine private investors . We have secured a commitment from the Chairman of Buchanan that from now on they will deliver a genuine IR function whereby clarification will be offered on non price-sensitive queries from PIs and there will be no "brick wall" response to PIs. Our actions will help Range shareholders and maybe shareholders in other companies in the future through Buchanan delivering a true IR function for PIs.
6) Regular feedback to the company.
Our members provide comments on every company communication and we relay that feedback to the company. This has kept the company apprised of shareholder concerns and we trust will help them to improve their communications in the future. We hope that some of this feedback is factored into the company's decision making. Better communications mean that shareholders are also able to make more informed decisions. We hope that the company will start to treat RIG as an opportunity to improve its communications and relationship with its shareholders and prospective shareholders rather than a threat.
If you are a new Range shareholder - welcome - you have timed your entry very well! Please consider adding your weight to RIG by joining us via email at rangeinvestorgroup@gmail.com - we are a positive influence on the company and provide a defensive role as well to make sure your interests are protected.
Thanks to existing members for support and we hope that if you are not a member you will consider joining us.
Best regards,
The RIG Representatives
We are always trying to make sure that the RIG membership database is as up-to-date as possible. We are aware that the volume of trading has been very high over the past 2 weeks and therefore many members will have increased their holdings and some may have sold-out having hit their exit prices.
Could all members who have amended their holdings in the past few weeks contact us on rangeinvestorgroup@gmail.com to confirm.
Additionally c.600 of our 830 members are on the email distribution list, with the remainder having joined only via bulletin boards. If you are one of those not on the distribution list and would like to have first access to anything RIG publishes then please tell us on the same email and we will add you.
If you are thinking about joining RIG but are unsure, please consider some of the things RIG has delivered since its inception in October 2013 (and has only been able to deliver because of the support and size of our membership):
1) Quarterly Investor Call.
Proposed the quarterly Investor Call and had it accepted as common practice. Has improved the company's ability to market itself and kept investors better informed.
2) Shareholder Voting Turnout.
RIG has published voting instructions for the 20 most common brokers making it easier for shareholders to vote. It has campaigned amongst its membership and across Range shareholders as a whole to exercise the right to vote. Although RIG cannot claim all credit it is no coincidence that since RIG’s formation voting turnout has increased from 5% immediately before RIG was formed, to 10% in November 2013 and most recently 16% in March 2014 - we can only see this percentage increasing. This will make the company think twice before putting forward resolutions that would damage shareholders.
3) Created a large well-organised group of PIs.
We number 830 members accounting for over 800m shares (18% of the company’s expanded shares in issue). We have almost 600 emails on our distribution list giving direct access to our members. This means that if we do need to organise behind something we can do so very swiftly and easily. Without RIG, PIs would not be able to mobilise if something happened quickly against their interests. We have always been constructive – RIG has grown without turning into a lynch-mob destabilising the company and has always acted with integrity and professionalism. RIG have legitimacy because 8 of its 10 representatives have been elected. In rangeinvestorgroup.com we have established an independent site that is controlled by long term Range Investors so will always be a resource for PIs.
4) Ability to call an EGM, circulate a statement to all shareholders and place resolutions.
The Companies Act entitles any group of over 100 members and accounting for more than 5% of the shares in issue to call an EGM, circulate a statement to shareholders and place resolutions. This would be very easy to organise as the RIG Representatives alone account for 1.3% of Range's shares in issue. Whilst RIG has absolutely no intention of doing any of these at present, the company will be aware that we have this right and this will help to insure they act in shareholder interests.
5) Delivered an improved IR function for all Shareholders
RIG have discovered and publicised the unprofessional behaviour of an employee at Buchanan in trying to undermine private investors . We have secured a commitment from the Chairman of Buchanan that from now on they will deliver a genuine IR function whereby clarification will be offered on non price-sensitive queries from PIs and there will be no "brick wall" response to PIs. Our actions will help Range shareholders and maybe shareholders in other companies in the future through Buchanan delivering a true IR function for PIs.
6) Regular feedback to the company.
Our members provide comments on every company communication and we relay that feedback to the company. This has kept the company apprised of shareholder concerns and we trust will help them to improve their communications in the future. We hope that some of this feedback is factored into the company's decision making. Better communications mean that shareholders are also able to make more informed decisions. We hope that the company will start to treat RIG as an opportunity to improve its communications and relationship with its shareholders and prospective shareholders rather than a threat.
If you are a new Range shareholder - welcome - you have timed your entry very well! Please consider adding your weight to RIG by joining us via email at rangeinvestorgroup@gmail.com - we are a positive influence on the company and provide a defensive role as well to make sure your interests are protected.
Thanks to existing members for support and we hope that if you are not a member you will consider joining us.
Best regards,
The RIG Representatives
