rbr 1,247 Posted June 11, 2015 Share Posted June 11, 2015 (edited) NOTICE OF GENERAL MEETING VOTING: MASH Holdings Limited (MASH) requisitioned a General Meeting (GM) of Rangers International Football Club PLC (The Company) which took place at Ibrox Stadium on Friday, June 12, 2015. There were two ordinary resolutions. Resolution 1: THAT, the shareholders support the principle that the Rangers Football Club Limited (the “Club”), a subsidiary of the Company, is released from the arrangements between the Club and SportsDirect.com Retail Limited (Sports Direct) pursuant to the Facility announced by the Company on 27 January 2015: (a) including the release of security over (i) the Rangers' brands owned by the Club; (ii) the Murray Park training ground; (iii) the Albion Street car park; and (iv) Edmiston House; (b) including the release of the Club from the current restrictions preventing it from being able to provide security over the Ibrox stadium without the prior consent of Sports Direct; and© thereby resulting in the transfer back of a 26% interest in Rangers Retail Limited from Sports Direct to the Club , through the Directors of the Company resolving to procure the repayment in full of the loan of £5 million owed by the Club to Sports Direct as soon as possible after the passing of this Resolution. For - 29,376,675 (46.36%) Against - 33,988,991 (53.64%) Total votes cast on the Resolution was 63,365,666. This represents 77.77 % of the Company’s issued share capital Resolution 2: THAT, the shareholders support the Directors of the Company in their desire to ensure that the contractual arrangements between the Club and various members of the Sports Direct group of companies are renegotiated on a basis that is fair and reasonable for both parties and will deliver best value to both the Club and Sports Direct. The shareholders agree that these negotiations need to address the whole relationship between the Club and Sports Direct in order to achieve that goal. For - 39,760,539 (62.5%) Against - 23,852,291 (37.5%) Total votes cast on the Resolution was 63,612,830. This represents 78.07% of the Company’s issued share capital RIFC is pleased to declare the outcome of the GM. Edited June 16, 2015 by Frankie 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 11, 2015 Share Posted June 11, 2015 Doubt it would be worth attending to be honest. I'd expect the formal business to be done and minimal other discussion - if anything. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted June 11, 2015 Share Posted June 11, 2015 (edited) Wrong place. Edited June 11, 2015 by chilledbear 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted June 11, 2015 Author Share Posted June 11, 2015 Wrong place. Whys it the wrong place , its about the football club surely 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 11, 2015 Share Posted June 11, 2015 I think CB meant their own post... 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted June 11, 2015 Share Posted June 11, 2015 Whys it the wrong place , its about the football club surely Sorry mate, didn't word that very well. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted June 11, 2015 Author Share Posted June 11, 2015 Sorry mate, didn't word that very well. hahaha no worries 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 12, 2015 Share Posted June 12, 2015 Actually plenty questions being permitted from the floor - various people sharing them on social media. Nothing new of real note though. 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted June 12, 2015 Share Posted June 12, 2015 is it normal to call an egm then not turn up? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 12, 2015 Share Posted June 12, 2015 is it normal to call an egm then not turn up? I think it just points to the vexatious nature of the meeting and arrogant nature of the those who requisitioned it. Result expected Monday so we'll see what happens then. 0 Quote Link to post Share on other sites More sharing options...
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