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The National (Scotland)
The National (Scotland)
Sport
David Irvine

Rangers AGM resolutions seven & eight pass as board share plans backed

Rangers shareholders have backed two heavily-disputed AGM resolutions regarding the allotment of shares by the Ibrox board.

Resolutions seven and eight were passed by shareholders who supported the board plans to allow for shares to be distributed to favoured investors.

The first motion backed - resolution seven - allows for the directors to allot new shares. While resolution eight gives the board powers to distribute shares to hand-picked investors without first offering them to existing shareholders.

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