Rangers have today confirmed the
suspension of four mystery shareholders, including the especially puzzling Blue
Pitch Holdings, from having any vote, say or trade privilege until they cough
up information about who they actually are.
Along with Blue Pitch are Putney
Holdings Limited, ATP Investments Limited and Norne Anstalt and all four have
been deemed invalid in a statement released earlier today.
The statement (edited) read:
“In accordance with S.793 of the Companies
Act 2006 (S. 793), RIFC has written to certain parties whom it knows or has
reasonable cause to believe are interested in RIFC’s shares requiring
information about the nature of those interests.
The undernoted parties have not responded to the requests in respect of
the holdings shown after their names in brackets:
- Blue Pitch Holdings (4,000,000),
- Putney Holdings Limited (700,000),
- ATP Investments Limited (2,600,000); and
- Norne Anstalt (1,200,000).
The total number of shares affected is 8,500,000 (c. 10.4% of RIFC’s
total issued share capital).
…
a. The member shall not be entitled to vote at a general meeting either
personally or by proxy or to exercise any other right conferred by membership
in relation to meetings of RIFC in
respect of such shares;
b. Except in a liquidation of RIFC , no payment shall be made of any
sums due from RIFC for such shares and
RIFC shall not meet any liability to pay interest on any such payment;
c. No other distribution shall be made on such shares; and
d. No transfer of any of the shares held by such member shall be
registered unless:
…
Direction notices have been sent to each of the above parties
indicating those parties are in default of their obligations under S. 793 and
that the measures noted will be imposed until the Board is satisfied that it
has received all of the information required in terms of the S. 793 Notice sent
to that party.”
The equally baffling Margarita
are not included in this list as they are not technically a registered
shareholder, but the four above who are, which qualifies as over a tenth of the
entire company, all find themselves frozen, and if they ever intended to profit
on their investments, will need to give information about themselves.
Something they do not seem
prepared to do.