24-11-2015, 20:42
(This post was last modified: 24-11-2015, 20:46 by Larry-AV.
Edit Reason: Typo.
)
AGM Resolutions 9 & 10 give authority for the loans from Dave King and the 3 Bears to be converted into equity (shares).
Resolution 11 sought to give the Board authority to strip voting rights from any shareholder who had an interest in another football club. This was to bring Rangers' rules into line with those of the SFA.
Ashley sought to block all three resolutions, but failed on 9 & 10, with 11 up for judicial review.
As I have said though, Shareholders' rights under the Law of the land (Companies Act, etc,) would trump any SFA rule or AGM Resolution. I have also said (here and on RM) that Ashley would be on a winner opposing Resolution 11 in a Court of Law, with Rangers incurring the costs !
Resolution 11 sought to give the Board authority to strip voting rights from any shareholder who had an interest in another football club. This was to bring Rangers' rules into line with those of the SFA.
Ashley sought to block all three resolutions, but failed on 9 & 10, with 11 up for judicial review.
As I have said though, Shareholders' rights under the Law of the land (Companies Act, etc,) would trump any SFA rule or AGM Resolution. I have also said (here and on RM) that Ashley would be on a winner opposing Resolution 11 in a Court of Law, with Rangers incurring the costs !
AVFC RFC SAFC