article_snippet.sent: The Ibrox outfit will be forced to delist from the Alternative Investment Market (AIM) after being unable to secure a new nominated advisor (Nomad) to meet regulations.
article_snippet.sent: Trading in Rangers shares was suspended when previous Nomad, WH Ireland, resigned just two days before the March 6 EGM that ousted the old board and handed control to King and Dave King allies.
article_snippet.sent: It’s understood, however, that they subsequently broke down after the AIM hierarchy indicated a wish to dispense with Rangers altogether, unhappy at the level of turmoil witnessed since Rangers initial listing in December 2012.
article_snippet.sent: Rangers now plan to be listed on the ISDX market, which Arsenal currently use, by the end of next month.
article_snippet.sent: We tried everything within We power to have the suspension lifted but it was clear that We would have to pay a price for years of poor corporate governance and financial mismanagement since the IPO (in 2012),’ said Murray.
article_snippet.sent: ‘This cessation of listing is a blow to all serious shareholders and is in direct contradiction to the promises King made in the lead up to the EGM regarding appointment of a nomad.
article_snippet.sent: The only barriers to a continued listing have been the reputational damage done by the complete absence of corporate governance of previous boards and the reluctance of the AIM regulator to allow a new Nomad to take position.
article_snippet.sent: A statement from Rangers First added: ‘The delisting is simply the result of well-documented failings in corporate governance and management of those who previously controlled the Company.
highlights_snippet.sent: Rangers forced to delist from the Alternative Investment Market (AIM)
  Rangers interim chairman insists plans for future will be unaffected .