Opposition shareholders for Rangers were today responsible for getting an interim interdict enforced at the court of session, resulting in a delay being imposed on the Rangers Annual General Meeting that was due to happen on October the 24th .
The Rangers opposition group comprising of director Paul Murray and ex-Rangers chairman Malcolm Murray were looking for more time to be able circulate their resolution.
Lord Tyre, who heard the motion, granted the interim interdict which now will prevent Rangers International from holding the scheduled Annual General Meeting on October 24. He found the notice to be authentic, regardless of whether it had been validated by the signatories, and said it would be “prejudicial” if shareholders had “insufficient time” to consider the motion before the meeting.
He also judged Rangers to be liabe for the expenses of the petitioners.
Richard Keen QC, who was representing the opposition group, argued that the petitioners had given enough information to Rangers for the signatures to be validated. The club’s QC, Heriot Currie, argued against the postponement of the annual general meeting stating that reissuing AGM documents would cost up to £50,000 which is to be paid by the opposition group.