BEARGER 1,829 Posted November 11, 2013 Share Posted November 11, 2013 Not seen this posted. Where to start with this rubbish? http://www.rangers.co.uk/news/headli...g-shareholders Misleading Statements Regarding Shareholders WRITTEN BY RANGERS FOOTBALL CLUB THE Company is aware of the press speculation following statements made by former directors in relation to the club's shareholders - Blue Pitch Holdings and Margarita Holdings who hold a 12% stake. The statements in the press refer to these shareholders as "mysterious backers" and indicate that institutional shareholders may seek to call an emergency stakeholder meeting to bar the voting rights held by these shareholders. The Company wishes to clarify that the Company has, under section 793 of the Companies Act 2006, addressed requests to funds and nominee shareholders of the Company, including Blue Pitch Holdings and Margarita Holdings asking for details of their shareholdings in the Company. These funds and nominees, including Blue Pitch Holdings and Margarita Holdings, have properly responded to these requests. Grounds for action to be taken against Blue Pitch Holdings or Margarita Holdings for non compliance with a section 793 request have not been established and there is no basis for the Company to seek to impose restrictions on the shares held by these shareholders. In addition, the Company has responded in full to a request from the former directors to provide copies of the responses to the section 793 requests that have been made by the Company. The Company understands that these former directors will, having seen these responses, be aware that there are no grounds to take action to bar voting rights. Institutional shareholders, therefore, would not have a legal basis to convene a general meeting to pass an ordinary resolution to require the Company to take action to bar votes held by these shareholders. The Company also wishes to confirm that it respects the rights of all of its shareholders and would not seek to restrict or remove any shareholder rights unless there are legal grounds to do so for a proper purpose. The Company wishes to reassure fans and shareholders that there is court precedent which provides that shareholder voting rights cannot be removed for the purpose of barring a shareholder from voting at a general or annual general meeting. The company also expresses surprise that former directors and their supporters have stated that there should be no more appointments to the board. Acting Chairman David Somers, following discussions with shareholders is actively seeking to strengthen the board with new appointments and he does this with the support of the majority of shareholders. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 11, 2013 Share Posted November 11, 2013 they said shit like this before and a judge disagreed with them. you just can't trust this to b e correct. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted November 11, 2013 Author Share Posted November 11, 2013 they said shit like this before and a judge disagreed with them. you just can't trust this to b e correct. I don't believe a word that comes form the club at the moment. Thought this bit would be funny if things were not so serious "The Company also wishes to confirm that it respects the rights of all of its shareholders and would not seek to restrict or remove any shareholder rights unless there are legal grounds to do so for a proper purpose", Aye except when they try to propose directors! 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted November 12, 2013 Share Posted November 12, 2013 Sorry missed this last night. I note the club have had to change the final sentence. 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted November 12, 2013 Share Posted November 12, 2013 Sorry missed this last night. I note the club have had to change the final sentence. Interesting. Can we assume te current board don't ave the backing of the "majority" of shareholders in all matters? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted November 12, 2013 Share Posted November 12, 2013 Interesting. Can we assume te current board don't ave the backing of the "majority" of shareholders in all matters? Very difficult to say amid claim and counter-claim mate. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted November 12, 2013 Share Posted November 12, 2013 Very difficult to say amid claim and counter-claim mate. Did I see you on Morrison Street this morning? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted November 12, 2013 Share Posted November 12, 2013 Did I see you on Morrison Street this morning? Nope, not me mate. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted November 12, 2013 Share Posted November 12, 2013 Nope, not me mate. Glad I never approached the guy now... 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,186 Posted November 12, 2013 Share Posted November 12, 2013 Glad I never approached the guy now... Haha! Remember my status above anyway: I don't do stop and talks... 0 Quote Link to post Share on other sites More sharing options...
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