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From today's Scottish Sun:

 

 

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There's not much meat on the bones but with various carefully worded AGM resolutions now starting to take shape, this year's meeting is set to resemble last December's as key people canvass for support.

 

The calm before the storm?

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Anyone seen the full article online?

 

Much ado about nothing

 

RAHAM WALLACE has held secret talks with Dave KingÂ’s UK-based broker.

SunSport can reveal the Ibrox chief executive and GersÂ’ financial consultant Philip Nash were in London earlier this week. The pair met with a close business associate of KingÂ’s and the UK advisor of the Castlemilk-born tycoon.

 

ItÂ’s understood King is seeking assurances that a resolution for a new share issue will be on the agenda at next monthÂ’s powderkeg AGM.

 

ItÂ’s always been assumed that a fresh share initiative will be launched, but as yet there has been no official confirmation from the club.

 

King

King could still be involved behind scenes

Keith Campbell

The motion needs the backing of 75 per cent of current shareholders.

 

The meeting is proof that King is still very much involved behind the scenes.

 

Although not present in London, TuesdayÂ’s talks were the latest in a string of high-level summits between Wallace and KingÂ’s representatives.

 

The Johannesburg-based businessman wants to invest in the club he supported as a boy but was unable to participate in last monthÂ’s share initiative.

 

Meanwhile, Sandy Easdale now has voting rights over 26.15 per cent of share capital after buying an extra 1.2million shares.

 

It was announced to the Stock Exchange yesterday that the Ibrox directorÂ’s personal stake now stands at 5.21 per cent. The bus tycoon has voting rights on, but does not own, a further 20.94 per cent.

 

Laxey Partners remains the largest shareholder, having bought an extra five million shares.

 

As part of the company open share offer that raised £3.13m this month, the Isle of Man-based hedge fund now controls 16.3 per cent of shares.

 

A Rangers statement said: “The company announces that it was notified yesterday that, further to the company’s open offer, Alexander Easdale purchased 1,242,110 ordinary shares of one penny each in the company at a price of 20p per share on 12 September 2014.

 

“As a result, Mr Easdale now holds 4,242,110 ordinary shares in the company, equal to 5.21 per cent of the issued share capital of the company.”

 

Easdale has been embroiled in controversy after it was revealed that he met Rafat Rizvi, who is wanted by Interpol and Indonesian authorities over a conviction for banking crimes.

 

Rizvi introduced potential Malaysian investors to Rangers and the Union of Fans group of supporters has called on Ibrox directors to remove Easdale from the football club board as a result of the association.

 

Half inched from FF

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