Rangers Announce London Meeting

Photo by Jeff Holmes

Rangers have announced a March 4 date for the general meeting prompted by shareholder Dave King's requisition to remove the board. The club confirmed to the Stock Exchange that the meeting would be held in a London hotel. The announcement was contained within a lengthy statement which highlighted King's tax offences in South Africa. The Rangers plc board - chairman David Somers, James Easdale, managing director Derek Llambias and Barry Leach - each face removal in separate votes. King has proposed himself and fellow former oldco Rangers director Paul Murray as directors, along with John Gilligan. The board statement urged shareholders to vote against all seven proposals and launched an attack on King's suitability for the role. And it warned that the appointment of King would lead to the resignation of the club's nominated advisor, WH Ireland, and the consequent suspension of trading in Rangers shares. The statement quickly brought up King's convictions of 41 counts of income tax offences, which resulted in a fine of about £40million, and highlighted excerpts from a written judgement from a similar court case in which King was described as a "mendacious witness" and a "glib and shameless liar".