Club announce all resolutions at the AGM were passed

[mdingwall]

Club announce all resolutions at the AGM were passed
Details to follow.

Club AGM Announcement

THE Board of Rangers International Football Club PLC is pleased to confirm that all resolutions presented at today’s Annual General Meeting were approved by shareholder vote.

www.rangers.co.uk

 

[LJ50]

I’ll be honest, I’m very very surprised. If King and C1873 voted against resolution 8 then that means 93.75% of other shares voted for.

 

[sammy1872]

Strange no detail and I’m shocked res 8 passed if king/1872 really did vote . Means pretty much everyone else must have went for it

 

[Hillheadbear]

Maybe King didn't want to go down the same route as Ashley.

 

[Bluebeard]

Fantastic news

 

[mdingwall]

It gives the Board much needed flexibility in Regards to fundraising.

 

[Lord Summerisle]

Great news.

Up yours, Club 1872.

 

[Oranje]

At least 55% of the shares are held by those currently on the board, or those ‘friendly’ with the current board so it was never really in doubt.

Only one that could have been questionable would be the special resolution that needed 75% to pass.

Hopefully the funding can be raised for the capacity increase. Wonder what that will cost?

 

[Hillheadbear]

At least 55% of the shares are held by those currently on the board, or those ‘friendly’ with the current board so it was never really in doubt.

Only one that could have been questionable would be the special resolution that needed 75% to pass.

Hopefully the funding can be raised for the capacity increase. Wonder what that will cost?

I think R8 needed 75% of better to pass.

 

[archimedes]

Given the questions that get asked at the AGM, you have to wonder if a large % of people that attend even know what they are voting for.

 

[forlanssister]

Pleasantly surprised that Resolution 8 passed but relieved that it has done so.

 

[Bluebeard]

Pleasantly surprised that Resolution 8 passed but relieved that it has done so.

Does this mean the new seats can now be funded mate

 

[Number Six]

Given the questions that get asked at the AGM, you have to wonder if a large % of people that attend even know what they are voting for.

 

[LJ50]

Does this mean the new seats can now be funded mate

Not necessarily, but it does give the board the option of issuing new shares in order to raise funds if someone is willing to provide them.

 

[Bluebeard]

Not necessarily, but it does give the board the option of issuing new shares in order to raise funds if someone is willing to provide them.

Someone like Stuart Gibson for example

 

[DamBuster72]

Anyone able to translate this for the daftys not fluent in corporate lingo?

What does it mean for us as a club?

 

[Dj12872]

Anyone able to translate this for the daftys not fluent in corporate lingo?

What does it mean for us as a club?

as a dafty not fluent in corporate lingo.

res 8 passing is good

all the directors being reappointed is good or bad depending on your opinion of them

 

[LJ50]

Anyone able to translate this for the daftys not fluent in corporate lingo?

What does it mean for us as a club?

Directors reappointed and the directors can issue new shares over the next 5 years to people will to put funds in.

 

[si72]

C1872 will be an unhappy bunch tonight

 

[forlanssister]

Does this mean the new seats can now be funded mate

Well they clearly stated today that's how it would be funded so it clears the path.

They held true to their words given at last years AGM I see no reason why they will not do so this time.

 

[Northampton Lodger]

Best news I have heard this season, C1872 needs to figure out a strategy to work with the club and to end the phoney war.

 

[Bluebeard]

C1872 will be an unhappy bunch tonight

They are a busted flush a rudderless ship it’s actually painful seeing a force for good which it should have been turn out this way

 

[kai-Johansen59]

Anyone able to translate this for the daftys not fluent in corporate lingo?

What does it mean for us as a club?

It means King has limited support and it’s now easier to raise much needed finance.

 

[jaws73]

That's a real blow to DK and Club 1872 (is there any difference between the two parties these days)?

All-in-all the Board will have walked away from today clicking their heels.

It shouldn't really come as a surprise though when you consider they were looking for 20,000 legacy members to buy DKs shares and the counter on their own website numbers it at 946 currently. Says it all really.

 

[Haining84]

I never thought I’d type this but get that one up you,Dave. :shh:

 

[almeyda]

Anyone purposely voting against a mechanism which allows the club to easily introduce a cash flow from those already ploughing in millions of their own money are either self serving snakes or have no interest in the benefits of the club.

 

[DejaVoodoo]

I wonder if Bennett's comments influenced people in the auditorium to vote for all resolutions.

 

[Hurricane Run]

Resolution 8 passing is huge. I thought it was almost certainly doomed.

Great news.

 

[jaws73]

They are a busted flush a rudderless ship it’s actually painful seeing a force for good which it should have been turn out this way

A busted flush sitting on a £millions though.

 

[Highway Star]

Great news, particularly resolution 8 getting over 75%.

 

[Bluebeard]

I wonder if Bennett's comments influenced people in the auditorium to vote for all resolutions.

What did Bennet say

 

[Roscoblue]

At least 55% of the shares are held by those currently on the board, or those ‘friendly’ with the current board so it was never really in doubt.

Only one that could have been questionable would be the special resolution that needed 75% to pass.

Hopefully the funding can be raised for the capacity increase. Wonder what that will cost?

It was absolutely in doubt. Dave King and Chris Graham’s Club 1872 threatened to derail The Club and it was a serious threat. Thankfully, they failed.

 

[Jazzman]

Why would anyone vote to take us back to 2012?

 

[jaws73]

It's entirely possible that the position of Douglas Park was subject of so much focus that Resolution 8 never really drew that much attention. Perhaps a bit of an OG by King/Club1872 (played the man instead of the ball - DK is not infallible).

 

[Roscoblue]

I think R8 needed 75% of better to pass.

That’s correct.

 

[sneddon38]

Best news I have heard this season, C1872 needs to figure out a strategy to work with the club and to end the phoney war.

Totally agree, I’d rather they step away from trying to buy Kings shares and look to move forward. At this moment in time their currently in a shit sandwich as their not working with the board and their not going to get the number of members that they want.

 

[Dj12872]

It's entirely possible that the position of Douglas Park was subject of so much focus that Resolution 8 never really drew that much attention. Perhaps a bit of an OG by King/Club1872 (played the man instead of the ball - DK is not infallible).

as we are seeing with the ashley, elite stuff etc

 

[CoplandRoad]

Club announce all resolutions at the AGM were passed
Details to follow.

Club AGM Announcement

THE Board of Rangers International Football Club PLC is pleased to confirm that all resolutions presented at today’s Annual General Meeting were approved by shareholder vote.

www.rangers.co.uk

What happened to Dave king kicking out Park ?
All gone quiet.

 

[sneddon38]

Is this good about possible American investment?

 

[sneddon38]

as we are seeing with the ashley, elite stuff etc

King is in it for King, I wonder what his next move will be.

 

[Bluebeard]

Is this good about possible American investment?

American investment?

 

[Dj12872]

American investment?

that woman who doesn’t actually have money but was trying to get investors to give her money to invest in us

 

[Bluebeard]

that woman who doesn’t actually have money but was trying to get investors to give her money to invest in us

No chance.

 

[si72]

King is in it for King, I wonder what his next move will be.

We will read about it in daily record next few days no doubt.

 

[sneddon38]

No chance.

If they loan the club they get shares. The club are crying out for investment that is clear.

 

[Bluebeard]

If they loan the club they get shares. The club are crying out for investment that is clear.

We need to be careful. Yank hedge fund people aren’t going to be bluenoses. We need the right people like Stuart Gibson

 

[sneddon38]

We need to be careful. Yank hedge fund people aren’t going to be bluenoses. We need the right people like Stuart Gibson

Investors will invest regardless. They don’t need to get on the board.

 

[Oranje]

It was absolutely in doubt. Dave King and Chris Graham’s Club 1872 threatened to derail The Club and it was a serious threat. Thankfully, they failed.

How were they in doubt? Resolutions pass with a simple majority. King and C1872 have just under 20% of the voting rights, board friendly shareholders account for at least 55%, so the only resolution in doubt was the special resolution as I have already said.

 

[Rbmckie3]

Anyone purposely voting against a mechanism which allows the club to easily introduce a cash flow from those already ploughing in millions of their own money are either self serving snakes or have no interest in the benefits of the club.

Was it not that only this board would approve investment & under their control..

 

[Big D]

Strange no detail and I’m shocked res 8 passed if king/1872 really did vote . Means pretty much everyone else must have went for it

Which kind of further illustrates how out of step King / C1872 are with the support, or certainly the shareholder support, which in the case of C1872 in particular is a concern, given their reason for being.