Board statement - Notice under section 338 of the Companies Act 2006

[Guest RIFC PLC RNS]

Market News alert Rangers Int. Football Club PLC

 

Read the London Stock Exchange announcement...

[Zappa 0]

Spin, spin spin!

 

[Bluedell 6,051]

The directors are embarrassing themselves more and more each day.

[Zappa 0]

The directors are embarrassing themselves more and more each day.

 

I think this is what they deem as damage limitation and keeping up appearances for the market in the Club's boardroom these days.

[blueflag 386]

It gets to the point you cringe every time you read a statement these days

[andy steel 0]

Having a dig at Lord Tyre, now. That'll stand them in good stead should they need to go back to the courts.

 

'Tyre Slashed by Fuming Rangers'

'Lord Tyre Full of Hot Air'

'Tyre Keeps Rangers Saga Rolling Down The Road'

'Rangers: 'kin Tyre gets it 'kin wrong'

 

Should have been a sub editor. Wasted in a shop, me.

[der Berliner 4,132]

The directors are embarrassing themselves more and more each day.

 

Honestly, I see nothing but bare info to the stockmarket in this statement, which was to be expected.

 

Generally, with all due respect, it would be reasonable for some on here to quench their utter dislike for the board somewhat, as it does become rather embarrassing too.

[blueflag 386]

Honestly, I see nothing but bare info to the stockmarket in this statement, which was to be expected.

 

Generally, with all due respect, it would be reasonable for some on here to quench their utter dislike for the board somewhat, as it does become rather embarrassing too.

perhaps your translator isn't working very well on the last few paragraphs

 

The Petitioners' submission and argument that the Company should simply have accepted the signed Notices at face value without any further enquiry was rejected by Lord Tyre. The Board of Directors of the Company received clear and firm advice from its solicitors and senior and junior counsel that on the face of documents provided by the Petitioners the Notices had not been signed in a manner that was authorised and as a result the Directors were obliged to seek further clarification from those shareholders. Every effort was made to engage with the Petitioners on these issues however the Petitioners chose to resolve the matter in court. In Lord Tyre's opinion, these irregularities did not invalidate the Notices.

 

Lord Tyre said that it was appropriate to refrain from circulating the signed Notices if there were reasons to justify this. Lord Tyre ruled that the categories of reason for not sending out resolutions were strictly limited and did not include cases where requests appeared not to have been signed by shareholders in a manner that was not authorised by corporate shareholders' own rules.

[Bluedell 6,051]

Honestly, I see nothing but bare info to the stockmarket in this statement, which was to be expected.

 

Generally, with all due respect, it would be reasonable for some on here to quench their utter dislike for the board somewhat, as it does become rather embarrassing too.

 

So you're an expert on statements issued by boards of directors? You honestly think that the statement is neutral and only contains the relevant facts?

 

An inability to accept that people can analyse issues better than you may also be embarrassing. You suffered with that when it came to Whyte. You were unable to look at the bare facts and make an informed decision and you're falling into the same trap again.

 

Whether the directors are or not doing a good job is slightly more subjective but the statements that they come up with are very much less so. They are an embarrassment to our club and this one just adds to the list that people should be given formal warnings for.

[Calgacus 8]

Anybody notice the double negative in the last paragraph?