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Rangers AGM: Easdale increases voting power

Sandy Easdale now controls over a quarter of shares in Rangers. Picture: Johnston Press

Sandy Easdale now controls over a quarter of shares in Rangers. Picture: Johnston Press

BUS tycoon Sandy Easdale has increased his voting power at Rangers after a number of ‘ordinary shares’ were transferred to him ahead of the club’s annual general meeting.

Easdale has been assigned the shares, and associated voting rights, of stockbrokers Beaufort Securities. The deal means Easdale now has control of over 26.6% of the shares of various parties, including the 4.5% he himself owns.

Easdale’s brother James is on the current board at Ibrox, and could be removed from his post at the AGM on 19 December.

A group of rebel shareholders, led by former board member Paul Murray, have lodged motions for a new board to be elected. The requisitioners’ group have also issued a charter outlining the way they would run the club.

The move by Easdale follows fans’ group The Sons of Struth’s announcement that they are writing to the 50 leading investors in Rangers to ask them to recognise the strength of feeling over how the club is being run.

Laxey Partners, the biggest individual shareholder which controls over 11.5% of Rangers, are set to vote in favour of the current board.

 

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