Jump to content

 

 

Latest LSE release: EGM confirmed for 6th March at Ibrox


Recommended Posts

20 February 2015

Rangers International Football Club plc ("Rangers" or the "Company") Venue and Time for General Meeting

Pursuant to the announcement made on 18 February 2015, the Board announces that the requisitioned General Meeting will have to be adjourned to 11am on 6 March 2015 at Ibrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD. Further details relating to the meeting, voting instructions and proxy forms are set out below. Questions for Mr KingOn behalf of Shareholders, the Board feel it appropriate to ask Mr King to provide further information regarding:a. what his business plans are in regards to the future running of the club and, in particular, how he intends to finance the club going forwards; and b. what action he intends to take to avoid the suspension of the Company from trading on the London Stock Exchange (and the subsequent risk of being delisted from trading) should shareholders vote him onto the board, as previously outlined in the announcement made on 6 February 2015.

Details relating to the General Meeting Due to the date and time of the adjourned meeting, the deadline for the return of proxies will be extended. The revised deadline for the return of proxies will be 11am on 4 March 2015.If you have already registered a proxy then this proxy will be valid for the meeting at Ibrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD. Shareholders who have already appointed a proxy do not therefore need to take any action, unless they wish to change their proxy or their voting instructions or to confirm split voting instructions where there has been a subsequent change in shareholding.If you have not yet registered your proxy then the proxy sent out with the original notice of meeting may still be used and will still be valid.If you require a duplicate form of proxy, or have any queries in relation to completing and returning a form of proxy in respect of the Meeting, please contact Capita Registrars Limited, the Company's Registrars, on the following number:Telephone: 0871 664 0300 (calls cost 10 pence per minute plus network extras)Lines are open Monday - Friday, 9:00am - 5.30pm (from outside the UK: +44 (0) 208 639 3399)The notice of Meeting circulated on 6 February 2015 (which includes the text of the resolutions to be proposed at the Meeting), together with the accompanying letter to shareholders, are available on the Company's website at http://www.rangersinternationalfootballclub.com/

Ends

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12256028.html

Link to post
Share on other sites

Questions for Mr KingOn behalf of Shareholders, the Board feel it appropriate to ask Mr King to provide further information regarding:a. what his business plans are in regards to the future running of the club and, in particular, how he intends to finance the club going forwards; andb. what action he intends to take to avoid the suspension of the Company from trading on the London Stock Exchange (and the subsequent risk of being delisted from trading) should shareholders vote him onto the board

 

Have they answered the same questions?,arseholes!

Link to post
Share on other sites

Ibrox EGM lockdown: Police on alert for Gers' D-Day

 

POLICE will mount a security operation in anticipation of a massive Ibrox gathering once the crunch EGM result is known.

 

Steps are being taken to make sure there's no disorder, but an insider revealed a "specific security plan" would be devised amid concerns about protests.

 

It is understood extra cops will be in the Ibrox area on the date of the EGM - which is still to be revealed - and Edmiston Drive could be closed if large crowds gather.

 

Officers will be "on standby" in the event of any celebrations - or potential backlash if the current board remain in place.

 

Rangers chief executive Derek Llambias and board chairman Sandy Easdale were previously told to stay away from a match at Ibrox "for their own safety" and discussions are underway between police and representatives from Rangers to ensure the meeting "passes off peacefully and safely".

 

Specialist officers are also understood to be gathering intelligence about any potential protests at Ibrox on the day of the powderkeg meeting.

 

Chief Superintendent Andy Bates, local policing commander for Glasgow, vowed the meeting would be "policed proportionately".

 

He added: "Police are currently liaising with representatives from Rangers."

 

Hundreds of fans gathered outside Ibrox last week to step up their protest against the Rangers board, and mounted police were drafted in to keep the crowds back from the front door.

 

Chants of 'sack the board' and 'we want our Rangers back' rang out among the protestors, who were joined by club icon John Brown and former striker Nacho Novo.

 

A banner read: "Parasites and leeches out.

 

"Not a penny more. Ashley, Easdales, Lambias, Rats".

 

The protest passed peacefully and fans - and police alike - hope the EGM will be a similar affair.

 

Dave King has urged Rangers fans not to travel to Ibrox for the make-or-break EGM amid concerns any disruption could see the board cling to power for longer.

 

Hundreds of small shareholders have already proxied their vote to groups such as the Rangers Supporters Trust and Rangers First to avoid overcrowding at the EGM venue.

 

But one insider said: "It's not the meeting itself that poses a problem, it's the groups who may gather outside the stadium on the day.

 

"There's no doubt emotions will be running high, we've seen it at previous protests at Ibrox's front door recently, and there are concerns it will come to a head on the day of the EGM."

 

King has called the meeting in a bid to oust current directors chairman David Somers, James Easdale, Derek Llambias and Barry Leach from Ibrox.

 

He said: "It is vital that fans who are shareholders, and all other shareholders follow procedure."

 

It comes after shambolic week for the Rangers board, which saw a second hotel cancel their booking for the EGM.

 

The switch back to Ibrox is an embarrassing climbdown for a board who have been at loggerheads with their own supporters for months.

 

Earlier this week, five-star London hotel The Grange Tower revealed it was pulling out as host.

 

This decision came only a few hours after Rangers announced to the stock exchange, where the EGM would be held.

 

The Millennium Gloucester Hotel also cancelled the board's booking after its management grew worried the meeting would cause "significant disruption".

 

Organisers of the recent Rangers protests dismissed accusations board members were under threat, and revealed that police had praised their conduct.

 

A statement from Rangers revealed that directors had stayed away from the Scottish Cup game with Raith Rovers due to "safety fears".

 

http://www.eveningtimes.co.uk/news/ibrox-egm-lockdown-197980n.118915498

Link to post
Share on other sites

Q - What are the investment plans moving forward?

 

PM - Board has to be rebuilt and that will take some time. A new NOMAD is lined up.

 

PM - It will take at least 20-25M over three to five years to cover all costs. Will be easier to give more specifics once everything has been assessed.

 

JG - Very confident once the board and things are cleaned up, people will come forward to invest. Also confident we will attract high calibre people to be part of the board and the club. When John Greig walks back through the door it will be a sign things are starting to get better.

 

- See more at: https://www.therst.co.uk/news/rst-meeting-with-paul-murray-and-john-gilligan/#sthash.CO8SXN2y.f7VvocOm.dpuf

Link to post
Share on other sites

.Questions for Mr KingOn behalf of Shareholders, the Board feel it appropriate to ask Mr King to provide further information regarding:a. what his business plans are in regards to the future running of the club and, in particular, how he intends to finance the club going forwards

 

That really made me chuckle....

 

Obviously the current board truly believe that they are running things well & have a handle on the finances. How much ongoing INVESTMENT have they brought into the club - they are giving away some of our most needed revenue streams in order to provide quick, short-term fixes. Where is their long term strategy???? What are their plans for the club when they booted out of AIM for malpractice???

 

I think it would be good for DK to reply to the statement with clear concise answers - show the board that their petty "threats" won't have any effect, and that he indeed has a short, medium & long term plan which included an overview of his financial plans. It would also show the fans/shareholders, that DK is confident of his position & that he is not adverse to communicating with the fan/shareholder base.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.