A busy day for Stock Exchange announcements from our favourite source of news!
After the return of Mr Green, there was still time for a further announcement.
This evening we saw this:-
2 August 2013
Rangers International Football Club plc
(“Rangers” or the “Company”)
Requisition of General Meeting
The Board of Rangers confirms that, on 1 August 2013, it received a notice requisitioning a General Meeting of shareholders (the “Requisition”). The Requisition puts forward resolutions for the removal of Craig Mather, Brian Stockbridge and Bryan Smart as directors of the Company and the appointment of Paul Murray and Frank Blin as directors of the Company.
The Board is verifying whether the Requisition is properly constituted and further announcements will be made as appropriate.
There was never an announcement about the rumoured requisition by Mr Green, so this one seems to be more than a negotiating ploy.
Paul Murray is well known as the leader of the “Blue Knights”.
Frank Blin is a highly respected member of the accountancy profession, former head of PWC, with a broad experience, including many years working in insolvency and in business restructuring. Fortunately none of those skills will be needed at Ibrox.
As has been the case for the last few years, there is never an end to the excitement in and around the Blue Room!
Posted by Paul McConville