chilledbear 16 Posted February 17, 2015 Share Posted February 17, 2015 From FF Re: Update to Telegraph article - EGM in both London and Glasgow Do not worry guys. I was a finance journalist until recently. It may be unusual practice but it is correct that if you name a venue, time and date for a General meeting then you have to actually open the meeting at that place in case any shareholders who are not aware turn up. As long as they're told it is being adjourned to another venue then you have legally fulfilled your obligations. In this case they have to then go to a second venue at a different time to adjourn again. And then remarkably they all have to head up to Ibrox at a time that will be agreed by the LSE (who Capita are, in effect, acting on behalf of) that gives sufficient time to travel from one general meeting venue to the other. I suspect the meeting at Ibrox will be on the 6th. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted February 17, 2015 Share Posted February 17, 2015 Sounds suitably ludicrous. 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,859 Posted February 17, 2015 Share Posted February 17, 2015 From FF Re: Update to Telegraph article - EGM in both London and Glasgow Do not worry guys. I was a finance journalist until recently. It may be unusual practice but it is correct that if you name a venue, time and date for a General meeting then you have to actually open the meeting at that place in case any shareholders who are not aware turn up. As long as they're told it is being adjourned to another venue then you have legally fulfilled your obligations. In this case they have to then go to a second venue at a different time to adjourn again. And then remarkably they all have to head up to Ibrox at a time that will be agreed by the LSE (who Capita are, in effect, acting on behalf of) that gives sufficient time to travel from one general meeting venue to the other. I suspect the meeting at Ibrox will be on the 6th. The current Board have always harboured aspirations to host a three-ring-circus. 0 Quote Link to post Share on other sites More sharing options...
BlueSolace 0 Posted February 17, 2015 Share Posted February 17, 2015 I wonder how many of the deluded and obsessed will be hovering around these establishments on the said day ... 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted February 17, 2015 Share Posted February 17, 2015 What an expensive waste of time. What is the point in this rule if they find a suitable venue after the first venue is deemed not suitable? 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted February 17, 2015 Share Posted February 17, 2015 Andy Newport @AndyNewportPA 2m2 minutes ago Glasgow, Scotland Understand that the custom and practice of City law means that meetings at Millennium Gloucester and Grange Tower Bridge hotels will still have to be called. They will immediately by adjourned. The custom of it means there has to be time to physically travel from one venue to the other before the next meeting can be opened, which is why the MG meeting was 10am and GTB was at noon. Also why March 4 might be viewed as too soon for the Ibrox date. 0 Quote Link to post Share on other sites More sharing options...
Crimson Dynamo 128 Posted February 17, 2015 Share Posted February 17, 2015 So it was always the 6th?.Llambias didn't tell lies after all....... 0 Quote Link to post Share on other sites More sharing options...
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