Somers and his four fellow PLC board members are up for re-election during the crucial AGM, which began at 10.30am on Thursday morning.
Rangers had previously said the results would be published before 7am on Friday morning, but Sky sources understand they will now be revealed late on Thursday afternoon.
The board also announced a 120-day business review which would include strengthening of the club's scouting network.
Chief executive Graham Wallace, who was appointed last month, admitted the Scottish League One club's running costs were too high even for a top-flight team and that extra funding would be required to allow Rangers to compete at the top level.
Bryan Swanson, chief news reporter for Sky Sports News, is at Ibrox and he said the club's shareholders have some big decisions to make.
"We have seen a steady stream of shareholders arrive here for what is the first board meeting under Rangers International Football Club, and the first meeting at Rangers in three years," said Swanson.
"There were boos and jeers towards some members of the Rangers board as they posed for photographs before the formal proceedings began.
"The jeers were mainly directed at the finance director Brian Stockbridge and there were heckles too towards the Easdale brothers (James and Sandy). There was applause for manager Ally McCoist and chief executive Graham Wallace.
"The shareholders have decisions to make. There are 14 resolutions. They need to decide who goes onto the board. There are five members currently on the Rangers board and the shareholders will be voting on whether to reappoint them or not.
"Do they bring in four members of the board, namely former chairman Malcolm Murray, Paul Murray and two others? Those four requisitioners desperately want to try and regain control of this club. It ultimately will come down to the shareholders.
"There has been a lot of talk about integrity. Stability is a buzzword around Ibrox at the moment and for the Rangers supporters, and in particular the shareholders, this is their chance to put their point across to the board.
"For the first time, they will get to ask questions, and the board will have no prior knowledge of those questions.
"For those shareholders, particularly the irate ones, they want plenty of answers."