Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).


SBD Global/October 15, 2013/Franchises

Opposition Shareholders For Scottish Rangers Delay Annual General Meeting

Opposition shareholders of Scottish League 1 club Rangers "have succeeded in their bid to delay the club's annual general meeting," according to STV. The rebel group, including former oldco Dir Paul Murray and ex-Rangers Chair Malcolm Murray, "had their petition heard at the Court of Session on Monday." They were "attempting to get an interim interdict enforced against Rangers International after the board rejected a proposed resolution for the annual general meeting" that was scheduled to take place on Oct. 24. As a result of the court case, the annual general meeting "will not go ahead on the planned date." The rebel faction "had claimed it should be delayed as they would not have enough time to circulate their resolution" (STV, 10/14). The Scotland DAILY RECORD reported the Rangers board has "been accused of engaging in 'guerrilla warfare' in their battle to prevent a group of shareholders from joining the Ibrox board." And it has been claimed in court that they "may also have broken the law by failing to tell the rest of the club's shareholders about the bid in enough time before the club's annual general meeting." Lawyer Richard Keen QC, representing the shareholder group led by Paul Murray and Malcolm Murray, said to Lord Tyre at the Court of Session in Edinburgh, "An offense has been committed by every member of this board" (DAILY RECORD, 10/14).
Return to top

Related Topics:

Franchises, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug