Guest Smug Bluenose Posted September 2, 2013 Share Posted September 2, 2013 Correct me if I'm wrong, but was the deadline for the board to agree to the boardroom changes not extended to last Friday or an EGM would be called, or an agreement to incorporate it into the AGM ? I haven't seen anything mentioned about it over the weekend, unless I've missed it ? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 2, 2013 Share Posted September 2, 2013 it passed they now have till this friday to inform people of when the egm is. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted September 2, 2013 Share Posted September 2, 2013 Yeah, the deadline for the merged meetings to be agreed was by close of business on Friday. Must admit, I thought we'd have had a sit rep on the issue via the LSE by now but with nothing forthcoming it seems the next notification will be for a separate EGM later this month. That notification has to be sent to shareholders by Friday according to the last release on the LSE site. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 2, 2013 Share Posted September 2, 2013 Wait for it; both sides will blame each other for being "unreasonable" and incurring the additional "unnecessary" expense, meanwhile we are a laughing stock. 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,025 Posted September 2, 2013 Share Posted September 2, 2013 Okay, so whilst we wait, what's the ideal outcome of this whole situation? I'll kick things off... 1) Appointment of a strong independent Chair 2) Appointment of at least 4 new non-executives with plc experience, including Frank Blin 3) Removal of Stockbridge from an official Board position. 4) Full review of the senior management team to be conducted, preferably by Blin. Then leading to potentially replacing Mather and Stockbridge with high calibre individuals of proven experience I could be persuaded of arguments for or against any of the above, but what else would you want? Or what would you want different? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 2, 2013 Share Posted September 2, 2013 Okay, so whilst we wait, what's the ideal outcome of this whole situation? I'll kick things off... 1) Appointment of a strong independent Chair 2) Appointment of at least 4 new non-executives with plc experience, including Frank Blin 3) Removal of Stockbridge from an official Board position. 4) Full review of the senior management team to be conducted, preferably by Blin. Then leading to potentially replacing Mather and Stockbridge with high calibre individuals of proven experience I could be persuaded of arguments for or against any of the above, but what else would you want? Or what would you want different? The only thing I would add to that is the entire board has to go. 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,025 Posted September 2, 2013 Share Posted September 2, 2013 The only thing I would add to that is the entire board has to go. To be fair, that's kind of what I said! Some continuity is preferable, but if none of the current Board are up to the job then reluctantly I'd agree. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 2, 2013 Share Posted September 2, 2013 The only thing I would add to that is the entire board has to go. That should be priority numero uno. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 2, 2013 Share Posted September 2, 2013 Here we go again. 2 September 2013 Rangers International Football Club plc ("Rangers", the "Company" or "Club") Further to requisition of general meeting Further to the announcements on 22 and 28 August 2013, the Company confirms that the Board's discussions have continued with representatives of the group who requisitioned (together the "Requisitioners") a general meeting to consider the proposed resolutions ("Requisition") detailed in the announcement on 2 August 2013 ("General Meeting"). The Company had requested the Requisitioners to authenticate the Requisition in accordance with section 303 of the Companies Act 2006 by providing evidence of the shares held by the Requisitioners and the validity of signatures on the Requisition. The Board has now received authentication for one of the Requisitioners, being Chase Nominees Limited a/c Artemis ("Artemis") who hold 5 per cent. or more of the issued share capital and voting rights of the Company. No authentication has been provided for the purported shareholdings of the other Requisitioners. The Board confirms the validity of the Requisition on the basis of the authentication provided by Artemis. Progress has been made to agree a basis upon which the business of the General Meeting would be included in the Annual General Meeting of the Company, which is expected to be held in October 2013. The Board wishes to reach agreement for the withdrawal of the Requisition without delay but in the meantime has secured a further extension to the written commitment from the Requisitioners to withdraw the Requisition pending agreement being reached as stated above. If no agreement is reached by the close of business on 9 September 2013, the Board will be required to send notice to shareholders by no later than 13 September 2013 to convene the General Meeting. Further announcements will be made as appropriate. For further information please contact: Rangers International Football Club plc Tel: 0141 580 8647 Craig Mather, CEO Brian Stockbridge, FD Strand Hanson Limited (Nominated Adviser) Tel: 020 7409 3494 Stuart Faulkner / Rory Murphy / Richard Tulloch Daniel Stewart & Company plc (Broker) Tel: 020 7776 6550 Paul Shackleton Newgate Threadneedle (Financial PR) Tel: 020 7148 6143 Graham Herring / John Coles / Fiona Conroy Media House International Ltd Tel: 020 7710 0020 Jack Irvine 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted September 2, 2013 Share Posted September 2, 2013 This is becoming as much of a farce as anything else. A shambles. 0 Quote Link to post Share on other sites More sharing options...
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