Response of Mash Holdings Limited to a notice to shareholders made on behalf of Rangers International Football Club PLC (the "Company") on Monday 23rd November 2015 at 15:00 relating to the Annual General Meeting ("AGM") of the Company scheduled for...

"On the afternoon of Thursday 19thNovember 2015, the Company received notification of a Petition by MASH Holdings Limited to, inter alia, grant interim interdict obliging the Company to withdraw Resolutions 9, 10 and 11 from consideration at the Company's AGM. 

LONDON, 25/11/2015 (informazione.news - comunicati stampa - varie)

 

 

 

This is misleading in suggesting that the first time the Company knew of the proposed action by MASH Holdings Limited ( ) was during the afternoon on 19 November. In fact, the objections to Resolution 11 were raised by MASH a full Court week before the hearing. Further, on 17 November, MASH's position on resolutions 9 and 10 was made clear and it was made plain that the Petition would be lodged on the morning of Thursday 19 November. In fact, far from springing the Court application on the Company, as is implied in the announcement, MASH gave more notice than it was required to give under Court practice. The fact that notice had been given was a material factor in the Court refusing the Company's application to adjourn the hearing until Monday 23 November.

 

 

 

The Court was satisfied that there was a sufficient case on unfair prejudice to grant an interim interdict in relation to resolution 11 and that this resolution was too wide.