Tom Davison 0 Posted June 16, 2015 Share Posted June 16, 2015 I suppose with all that has happened in recent years, the support have found much to be critical about. However, the lack of patience and the the continuing fault finding, is disappointing. The present custodians of our club seem both decent and capable and impress me that they are doing their best to try and correct a very bad situation. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted June 16, 2015 Share Posted June 16, 2015 So, will we definitely hear today? Or did you all hear & I missed it? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,182 Posted June 16, 2015 Share Posted June 16, 2015 Out now.... http://www.rangers.co.uk 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,182 Posted June 16, 2015 Share Posted June 16, 2015 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. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted June 16, 2015 Share Posted June 16, 2015 Resolution 1 was close. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted June 16, 2015 Share Posted June 16, 2015 Resolution 1 was close. Yes, the strength of feeling towards moving further away from Ashley's influence was stronger than I expected. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,182 Posted June 16, 2015 Share Posted June 16, 2015 Resolution 1 was close. I'm not overly surprised. Low turnout would have affected the result somewhat and there were clearly plenty people who felt they'd rather just pay the guy and retain control of the securities. Problem is will there be a share issue before the next EGM. And will more people turn out this time? 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted June 16, 2015 Share Posted June 16, 2015 Are mash now legally obliged to renegotiate the contracts memtiond in resolution 2? 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted June 16, 2015 Share Posted June 16, 2015 MASH couldn't even be bothered sending anyone to the meeting. got to ask what was the point? I suspect they knew it wouldn't be passed. are we going to see more pettiness in the near future? 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,447 Posted June 16, 2015 Share Posted June 16, 2015 Does this suggest Cashley controls more shares than he has? 0 Quote Link to post Share on other sites More sharing options...
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