JM Barrie wrote Peter Pan, a fantasy set in a world where miraculous and mysterious things happen and where the villains are remarkable creations, ready to do anything to achieve their goal of victory, and where one of the two main “baddies” is intent on the destruction of his rival.
Now what, you might ask, does that have to do with Rangers?
Nothing apart from the fact that JM Barrie also wrote a play in 1902 which was later filmed starring Kenneth More. It was called “The Admirable Crichton”.
It addressed class distinctions in post-Victorian England and told of a butler who, on the family he worked for being stranded on a desert island, takes full control of the situation and reverses the social order, before, on the family being rescued, returning to his subordinate state.
I’m sure it is a coincidence that Rangers have now announced the appointment of its own “Admirable Crighton”!
The Board of Rangers announces that it has appointed Norman Crighton as an independent non-executive director. Mr Crighton has been involved in most aspects of investment banking during the course of his 23 year career, including corporate finance, research and market-making, leading to institutional investment management. Having begun his career in corporate finance and sales at Olliff and Partners in 1990, he moved to LCF Edmond de Rothschild in 1993 before spending five years as a Senior Vice President at Merrill Lynch from 1994 to 1999. He then joined Jefferies International Limited as a Director of Funds and Related Products from 1999 to 2006. After this, he was an investment manager at Metage Capital Limited with an emphasis on performance analysis, company structure and corporate governance, focussing on UK main board and AIM quoted companies.
Since 2011, institutional shareholders have appointed Mr Crighton to the boards of several UK listed companies to help with complex restructurings. He is a non-executive director of Trading Emissions PLC, Global Fixed Income Realisation Limited and Private Equity Investor PLC. Mr Crighton is also the non-executive chairman of Weiss Korea Opportunity Fund Ltd, a new company quoted on AIM in May of this year.
Mr Crighton will chair a new Investment Committee of the board whose terms of reference will include overseeing capital projects. In accordance with Rangers’ Articles of Association Mr Crighton will be subject to re-appointment by an ordinary resolution at the upcoming Annual General Meeting of the Company on Thursday 19 December 2013.
Mr Crighton holds a BA (Hons) in Applied Economics from his home city of Dundee and a MA in Finance and Investment from the University of Exeter.
Further information concerning Mr Norman Crighton, aged 47:
Current Partnerships and Directorships:
Asia Biogas Singapore Pte Limited
Global Fixed Income Realisation Limited
Private Equity Investor Plc
Trading Emissions Plc
Universal Umvelt Ltd
Weiss Korea Opportunity Fund Ltd
World Firsts Organization Ltd
Past Directorships and other positions:
Big Bear Productions Limited
Mr Crighton is not currently beneficially interested in the issued share capital of the Company.
There is no further information required relating to Mr Crighton to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
Once more RIFC PLC is doing the right thing for a PLC by choosing non-exec directors with a suitable background and who are otherwise not connected to the company.
The only quibble might be that the Board (Easdale and Stockbridge) could be seen as jumping the gun by putting these in place before next month’s AGM, and especially setting up an Investment Committee.
Why, the Rebels are sure to ask, not wait till the AGM and see who emerges with control?
Perhaps Mr Crighton’s past role in “Big Bear Productions” makes him suitable to join the Bears at Ibrox?
Maybe another announcement yesterday about the shareholders in RIFC gives the answer?
I will write more on that…
Posted by Paul McConville