Rangers now in administration

[calscot 0]

excuse my ignorance but will a AGM/EGM be called.can it be called?

 

I'm not knowledgeable but as Whyte owns 86% of the shares or some-such, I think he is the only person with the power to call either.

[Zappa 0]

There was talk a few days ago about Dave King being able to call an EGM due to the size of his shareholding.

[Guest Kevin]

David Murray: "I'm hugely disappointed at club bringing in administrators and at the timing of such." FUCK OFF.

[forlanssister 3,050]

I'm not knowledgeable but as Whyte owns 86% of the shares or some-such, I think he is the only person with the power to call either.

 

Dave King could with his 5.33% holding (or any group of individuals controlling 5%) because it was more than 12 months since the last one was held, whether that's still possible in administration I don't know.

[way2go 0]

David Murray: "I'm hugely disappointed at club bringing in administrators and at the timing of such." FUCK OFF.

 

He's not a millionth as disappointed as we fans.As you say f off Murray

[craig 5,199]

Dave King could call one given the date of the last AGM : http://www.companylawclub.co.uk/topics/calling_general_meetings.shtml

 

The directors must call a general meeting if so requested by the holders of 10% of the voting shares (or 10% of the voting rights if no shares). If at least 12 months have elapsed since the last general meeting called under this section, the request may be made by 5%.

The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious).

If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)

[Wija 0]

There is nothing we can do now. We must support the team at home, boycott away games and most of all stand up and be counted.

 

Murray and Johnstone - I wish they would just fuck right off.

 

It is rather embarrassing of these charlatans to come out now when it was they who caused this.

As much as Whyte is a chancer (my opinion) he has been left with no other option.

 

Let the Tims have their Jelly and Torbett flavoured Ice Cream party. They and they alone would know how to throw one of them.

 

Forward, United, Proud.

[craig 5,199]

Welcome back Wija

[GovanAllan 0]

Ilk never been called that before cheers Forlan .

 

So much nicer than being Orange Hun Bastard or words to that effect.

[GovanAllan 0]

There is nothing we can do now. We must support the team at home, boycott away games and most of all stand up and be counted.

 

Murray and Johnstone - I wish they would just fuck right off.

 

It is rather embarrassing of these charlatans to come out now when it was they who caused this.

As much as Whyte is a chancer (my opinion) he has been left with no other option.

 

Let the Tims have their Jelly and Torbett flavoured Ice Cream party. They and they alone would know how to throw one of them.

 

Forward, United, Proud.

 

Totally agree with the away game boycott show the rest of league just what it would be like without us see how they like it.