STAGECOACH founders Sir Brian Souter and Ann Gloag have pledged some £92.8 million of their shares in the Perth-based bus and rail group to Bank of Scotland, according to a filing made after a rearrangement of their financial affairs.
Sir Brian, who owns 15.1% of the company and Ms Gloag, who has 10.9%, have consolidated their shareholdings, which have a combined worth of £420m, into one vehicle, Highland Global Transport (HGTL).
Just over 33 million of the shares, some 22% of the stake held by the siblings, are to be pledged in favour of Bank of Scotland in the next 30 days.
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