Next Game

Cowdenb'th v Rangers

Saturday, 07 March 2015, 15:00

Scots Champ

Last Game

Falkirk 1 - 1 Rangers

Friday, 27 February 2015, 19:45

Scots Champ

Rangers put EGM on hold

Rangers have put plans for an extraordinary general meeting of their shareholders on hold.

Last Updated: 06/06/13 at 12:24 Post Comment

Rangers: EGM on hold for now

Rangers: EGM on hold for now

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The club last month announced plans for an EGM following reports that major shareholders were preparing to oust then-chairman Malcolm Murray and fellow director Philip Cartmell and replace them with James Easdale and Chris Morgan.

But Murray has since resigned and handed his boardroom role to former manager Walter Smith.

A club statement issued on Thursday to the London Stock Exchange read: "On May 16, 2013, the company announced that it had received a notice requisitioning a general meeting of shareholders.

"The company is engaged in discussions with a representative of the requisitioning shareholder and the timetable for posting a notice to shareholders has been extended with the agreement of the requisitioning shareholder.

"Further announcements will be made as appropriate."

Easdale recently confirmed that he and brother Sandy, also his business partner, hoped to secure a boardroom slot as they continue to increase their shareholding.

The Greenock-based businessmen said they had a delicate deal to purchase more shares - believed to belong to former chief executive Charles Green - when they became available.

But Green has now agreed to transfer half a million shares to Isle of Man-based investment firm Laxey Partners Limited once stock market rules allow the switch on 7 December.

Green, who was listed as owning more than 5million shares in the latest documentation available on the Rangers website, resigned his position in April following "negative publicity" over his consortium's acquisition of the club last summer.

But the Yorkshireman last week claimed he had been vindicated by the outcome of an independent inquiry which found no evidence ex-owner Craig Whyte invested in the current Ibrox set-up.

The probe was commissioned by the Rangers board after Whyte alleged he was involved in the Green-led consortium's purchase of the club's business and assets following liquidation.

Morgan was named as one of the original investors when a consortium fronted by Green purchased the assets and business of liquidation-bound Rangers in June last year.

Green described him at the time as a "UK-based businessman representing family trusts".

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

W

e'll be fine, no problem. If they do get relegated, he's definitely going to ask how anyone could ever have thought that Villa were going to be fine given their problems before he came.

treeman1
Premier League Winners And Losers

S

toke though. Hmn. I don't think it was defending that made people dislike Stoke so much as the out and out cheating/nastiness they regularly displayed. That, and they kept buying the odd flair player and then ruining them (Oh! Tuncay, what were you thinking?).

megabrow (cufc)
Being Defensive About Being Defensive...

W

ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

mumbo_jimbo
Van Gaal: Luck is key

Footer 365

FA planning to send men's and women's GB teams to 2016 Olympics

FA are planning to send men's and women's Great Britain teams to compete in the 2016 Olympics Games in Rio.

Tottenham announce that legend and former captain Dave Mackay has died

Tottenham have announced that their former captain Dave Mackay has died. He was 80.

Liverpool boss Rodgers says Coutinho should be named top player

Liverpool boss Brendan Rodgers believes the form of Philippe Coutinho should make him player of the year.

Mail Box

Henderson The Best Midfielder In PL?

Jordan Henderson is named by two afternoon Mailboxers as the PL's best midfielder, while another suggests Man United are trying to emulate Barca...

Jose Settles Most Boring Team Debate...

There's lots of reaction to Chelsea and Liverpool's wins on Sunday, plus one Mailboxer asking: Who is the Premier League's best midfielder?

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company