More greetin' from the hostiles.

[bawsburst 1,381]

Rangers directors have been accused of being “hell-bent” on denying shareholders their right to vote on the composition of the board after the club dismissed a resolution to appoint four new members.

The Rangers board claimed an attempt to install Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson, in a proposed vote at the club’s annual general meeting on October 24, was ‘’unlikely to be properly constituted under s338 of the Companies Act 2006’’.

However, the group seeking change insists it submitted its request in a “perfectly valid” manner.

The row follows an earlier agreement which saw a group of dissenting shareholders, led by Clyde Blowers chairman Jim McColl, drop demands for a general meeting to vote on a resolution to remove chief executive Craig Mather, Brian Stockbridge and Bryan Smart and install Paul Murray and Frank Blin, in return for a guarantee that the club’s AGM be held before the end of October. An earlier compromise deal fell through.

Current directors could be voted off at the AGM but the board announced it considered the new resolution invalid and “vexatious” because no amendment to the terms of the withdrawal of the original request had been discussed beforehand.

In a statement to the London Stock Exchange, Rangers said: “The board is also concerned that the contents of the proposed resolutions may also be either ineffective or frivolous as any director appointment must comply with the company’s articles of association and is subject to prior regulatory approval.”

The club also claimed that the request, which was received on Friday, arrived after notice for the AGM had been sent to the printers. The club’s annual accounts, which revealed operating losses of £14.4million, were published four days later on Tuesday.

In a statement released to Press Association Sport, a representative of the dissenting shareholders accused the board of being unreasonable and insisted their aim was to strengthen the board with “successful professionals who are lifelong Rangers supporters”.

The statement added: “We confirmed to the board that we would meet the reasonable additional costs and expenses of including these nominations in the AGM notice.

“We heard nothing from the board all weekend until their lawyer, Field Fisher Waterhouse, was in contact at lunchtime on Monday requesting a large volume of information to authenticate our notice and to inform us that, in any event, ‘the AGM documentation was sent to the printer for printing and posting on Friday’.

“This is despite the fact that we now know that the accounts were not signed until Saturday and the results not announced to AIM until this morning!!

“For the avoidance of doubt we have submitted our notice using a perfectly valid legal process.

“The process of authenticating the notice could have been discussed at any time over the weekend and the process of printing and posting could have been adjusted at any time especially given the fact that we agreed to meet the additional costs.

“Since yesterday we have provided all the relevant authenticating materials we believe are required. In addition we have even offered to pay for an additional document to be sent to shareholders after the main notice has been posted. The board and their advisers have blocked these offers.”

The statement continued: “In our opinion the board has acted in a wholly unreasonable fashion by denying the shareholders the right to vote on new directors who would undoubtedly strengthen the board.

“At all times we have sought to minimise the cost and disruption to the club from this process. We agreed to combine the AGM and GM and we agreed to try and find a compromise with the board on appointments.

“The current directors and their advisers blocked those moves and are now blocking this latest attempt to strengthen the board.

“It is extremely disappointing and frustrating that matters have come to this point. You have to ask the question why this board is so hell-bent on denying the shareholders a democratic vote on who they want as directors at the AGM?”

The group also noted Rangers’ announcement that Strand Hanson, who they accused of blocking the compromise deal that would have ensured no board members would have been removed before the AGM, had been replaced as nominated advisors by Daniel Stewart, the third firm to fill that role in 10 months.

And they dismissed reports they were considering a sale and leaseback of Ibrox and Murray Park, as well as a staff cull, as “wholly inaccurate”.

Malcolm Murray is a former chairman of Rangers who left the board in July following a fractious relationship with former chief executive Charles Green. Paul Murray is a former director of oldco Rangers who was removed from the board shortly after Craig Whyte’s takeover, which he had opposed.

http://www.newslette....fire-1-5546431

[Allanger 625]

The mere fact that the mini faction cannot organise themselves, and get the simplest of business procedure correct, then attempt to blame the current board of blocking shows how amateurish and incompetent they are. Keep them away from our club.

[sergio 1,199]

If your looking in on that, North Rd and Zappa, I told you, they have no hope in hell of getting anyone voted off the board.

They are getting desperate, I wonder who will be named next... They might have to play the aces, anyone for Souness and Walter being wheeled out just before the AGM.

[CanadianBacon 2,088]

Far too long a statement for me.

It should have read, 'NOW FUCK OFF'!!

Concise and to the point.

[nvager 498]

Seems that the best laid plans of mice and men .................................................................................. Rabbie was right yet again!

[elephants stoned 2,994]

I'll be honest im struggling to keep up with this today, i take it the board dont want the Murray twins plus the other two and mimis having a tantrum about this?

[Malvern 11,329]

Mini Mint has not put his hand in to buy the club but now is going to pay for an "off chance" vote he will get on the board?

Also have to note that these groups always seem to be missing deadlines and putting in "late" deals they can afford (honest) in which to save us, snooze you lose comes to mind. Do it in plenty of time next time and FFS sod off with the soundbytes press releases

Oh and lets not miss "At all times we have sought to minimise the cost and disruption to the club from this process", yeah noticed you doing that for sure with the wee boys protests and all.

"Good Rangers men" sort their sh1t out and provide proposals early.

[Inigo 33,373]

It's becoming pointless having this stuff on here. It seems like most on here are going to agree with the Board and pan the other side regardless of who is right, who is wrong or whether or not it is even possible to tell which side is right or wrong. Most on each side have made their mind up and it looks to me like anything that is released or said will be shoe horned to fit that viewpoint one way or another.

[Carsons Dog 9,878]

If your looking in on that, North Rd and Zappa, I told you, they have no hope in hell of getting anyone voted off the board.

Sons of Struth appear to think its a formality

[Guardian 4,281]

It's becoming pointless having this stuff on here. It seems like most on here are going to agree with the Board and pan the other side regardless of who is right, who is wrong or whether or not it is even possible to tell which side is right or wrong. Most on each side have made their mind up and it looks to me like anything that is released or said will be shoe horned to fit that viewpoint one way or another.

Just for the record, who was right about the accounts and who was lying ?

How many times is Mini going to play the "it was fixed against us" routine. It's getting boring now.

Their campaign has been dealt a death blow today by the publication of the accounts. Even in the OP, it states McColls mob wanted the AGM before the accounts came out. I wonder why.

They have still told us nothing of their backers or plans, only they won't put money in.

Mini still has the stench of Ticketus about him and is toxic to any bid

Their group, like the various TBK's will break up ignominiously blaming each other for their failure.

Sadly it won't be the last we see of Mini, tho a lot of his minions must now be asking questions of him.

[Malvern 11,329]

Just for the record, who was right about the accounts and who was lying ?

How many times is Mini going to play the "it was fixed against us" routine. It's getting boring now.

Their campaign has been dealt a death blow today by the publication of the accounts. Even in the OP, it states McColls mob wanted the AGM before the accounts came out. I wonder why.

They have still told us nothing of their backers or plans, only they won't put money in.

Mini still has the stench of Ticketus about him and is toxic to any bid

Their group, like the various TBK's will break up ignominiously blaming each other for their failure.

Sadly it won't be the last we see of Mini, tho a lot of his minions must now be asking questions of him.

The whole of the RST are in a room talking to him just now I heard.....it's a small room in the lavvy.

[Young Bob 1,360]

Why wait to the last minute?

Regardless let them present themselves to the shareholders and inform us of what they bring.

[*Manticore* 1,893]

Presumed this would be about taigs.

My fault, I should have known better, I keep thinking this is a Rangers Message Board.