THE Company announces the results of the voting by poll on the resolutions put to its Annual General Meeting held at 10:30am on Thursday 19 December 2013 at Ibrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD.

Resolutions 1-9 were successfully passed but Resolutions 10-14 did not achieve sufficient votes to be passed.

The Directors note that Resolution 10 was supported by 67.9% of the votes cast but as it is a special resolution it required a majority of 75% of the votes cast.

In line with the Chief Executive’s statement of earlier today the board may seek the relevant authority again once it has completed a robust business planning process as appropriate.

David Somers, Chairman commented “We are pleased that the board, with its focus on corporate governance, prudent financial management and strategic commercial development, has been decisively re-appointed by a high turnout of Shareholders at the AGM.”

Graham Wallace, CEO commented “The Board sought a clear and decisive mandate from shareholders to provide a platform for stability and is pleased that the voting has provided this. The Board recognises that improved engagement with supporters is a major area of focus and is committed to reviewing how the Club engages with the wider supporter base.  We now require a period of stability in order to take the business forward and I encourage everyone with the best interest of Rangers at heart to support fully the new Board in developing the Club and growing shareholder value.”

ResolutionFor/Discretion (Number of Votes)% For /
Against (Number of Votes)% Against / Discretion Withheld (Number of Votes Total votes validly cast % of
issued share capital voted 
Ordinary Resolutions
1. To receive and adopt the audited accounts
2. To re appoint David Somers
3. To re appoint Graham Wallace
4. To re appoint Brian Stockbridge
5. To re appoint Norman Crighton
6. To re appoint James Easdale
7. To re-appoint Deloitte as auditors
8. To authorise the Directors to determine the remuneration of the auditors
9. To re new the Directors authority to Allot Securities
Special Resolutions
10. To renew the Directors’ authority for the disapplication of pre-emption rights
  35,526,886 67.9 16,792,955 32.1 4,563,210 52,319,841 80.4
Other Business- Ordinary Resolutions
11. To elect Paul Murray
12. To elect Malcolm Murray
13. To elect Scot Murdoch
14. To elect Alex Wilson

The number of Ordinary Shares of 1p each in issue on 17 December 2013 at 6pm (excluding shares held in Treasury – Nil) was 65,096,056. Shareholders are entitled to one vote per share.  A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

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