LONDON (Alliance News) - Rangers International FC PLC Tuesday said it still hasn't reached a deal with a group of shareholders who have called a general meeting to scrap it, and unless a deal can be agreed by Friday the meeting will go ahead.
The football club wants the meeting to be scrapped to save costs and avoid disruption, saying that the resolutions to be discussed can be dealt with at its annual general meeting in October.
The group of shareholders want the club to appoint four new members to its board and said they'd drop the request for a general meeting if their demands are met. The four they want apponted are John McClelland, a former chairman of Rangers Football Club, Sandy Easdale, an existing shareholder of the company, Paul Murray, a former director of Rangers Football Club and Frank Blin, formally of PwC.
Rangers shares were up 1.7% at 54.9 pence Tuesday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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