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I don't see why McCollCo have to say or do anything in reply to this crass leakage from the usual suspects.

 

Everything that's happened since the requisition was made has been attempts at damage limitation/rapprochment by the current board. We'll accept this, we'll accept that, we'll leak this, we'll leak that...while I'd prefer McColl's side to stand firm and just get the leeches voted off, if it has to be piecemeal over a period of time then so be it.

 

The absolutely vital thing is to get responsible individuals in to clean up the boardroom. Whether it's cleaned out beforehand or afterwards can be fought over later on, but we musn't lose sight of the objective: clean up the boardroom.

 

 

couldn't agree more.

 

i'm reminded of the old Bulgarian proverb. barking dogs don't bite.

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4 September 2013

 

 

 

Rangers International Football Club plc

 

("Rangers", the "Company" or "Club")

 

 

 

Further to requisition of general meeting

 

 

 

Further to the announcement on 2 September 2013, the Company confirms that the Board's discussions have been continuing with representatives of the group who requisitioned (together the "Requisitioners") a general meeting to consider the proposed resolutions ("Requisition") detailed in the announcement on 2 August 2013 ("General Meeting").

 

 

 

Following recent press speculation, the Company can confirm that the Requisitioners have put forward a proposal to withdraw the Requisition based on their request for the appointment of four additional non executive directors, being John McClelland, a former Chairman of Rangers Football Club, Sandy Easdale, an existing shareholder of the Company, Paul Murray, a former director of Rangers Football Club and Frank Blin, formally of PwC. As part of the proposal, the Requisitioners have also confirmed that, subject to the above, they are not seeking to remove any of the current Directors.

 

 

 

The Company confirms that discussions are continuing with the Requisitioners with regard to reaching an agreement for the withdrawal of the Requisition. The Board considers that any decision on any proposal for the withdrawal of the Requisition would be subject to the provision by the Requisitioners of a vote of confidence and continued support for the current Directors and to all necessary regulatory approvals.

 

 

 

Further announcements will be made as appropriate.

 

 

 

For further information please contact:

 

...

 

London Stock Exchange Looks like the chare price now stands at 53p.

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Dingwall posted this on FF

 

 

 

 

For the avoidance of doubt - Stock Exchange announcements from RFC

 

These are written by people at the club.

 

There is no consultation about the content with other parties.

 

Due to the leaks to the press the club have to respond with a statement to ensure no false market in shares develops.

 

Gratuitous statements can and have been made in these press releases.

 

No vote of confidence will be given to existing directors, and requests to do so have been explicitly rejected.

 

No proxies will be give to secure the position of any current director.

 

All directors will have to take their chances at the AGM on the basis of their records.

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