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SBD Global/December 19, 2013/Franchises
Former Rangers Dir Murray: Board Broke Stock Market Rules With Vote Leak
Published December 19, 2013
Former Scottish League 1 Rangers Dir Paul Murray said that the board "may have broken stock market rules by leaking details of a vote ahead of the club's agm" on Thursday, according to the SCOTSMAN. Murray is leading a rebel group seeking to take control of the Rangers board, "but his attempts to take control of the board have been hit by the leak, which makes the prospect of regime change at the club unlikely." The leaked data indicates that an early count of proxy votes weighs heavily in the current board's favor. The positions of several directors -- CEO Graham Wallace, Chair David Somers, Financial Dir Brian Stockbridge and non-Exec Dir James Easdale and Norman Crighton -- "were safe." Murray said, "Our reaction to these unconfirmed reports is one of great surprise and dismay. Surprise because the proxy votes were only completed earlier today. Dismay because this leak to the BBC is a clear and serious breach of stock market regulations" (SCOTSMAN, 12/18). In Glasgow, Fraser Wilson wrote former Rangers Owner Craig Whyte "has lost the latest round of a High Court fight with ticket-buying firm Ticketus." Whyte appealed after being ordered to pay more than £17M ($28M) to the company earlier this year. He asked Deputy High Court Judge David Halpern "to overturn the ruling, made by a more junior judge, at a hearing in London." But Judge Halpern "dismissed his appeal" (DAILY RECORD, 12/18).