The end of November saw the PLC's Annual general meeting, however, prior to this Mike Ashley continued with his ligation against the company and successfully managed to have Resolution 11 withdrawn which would have allowed shareholders to block the voting rights of dual ownership shareholders. The AGM passed without major incident however, the Chairman Dave King announced the adoption of the Living wage for company employees and the repayment of a £5m loan from Ashley's Sports Direct. Although on 11 December, it was reported that the company had not repaid the £5m loan despite earlier claims to the contrary. That same day it was reported that former Rangers player Arnold Peralta had been shot dead in his hometown of La Ceiba, Honduras. On Christmas Eve Rangers announced that the loan had been repaid to Ashley in full and it was later revealed, on Ne'erday, that Rangers had borrowed £6.5m from King an others in order to do this. On 4 February, it was announced by the Rangers board that they had given Sports Direct formal notice that they wish to end their retail deal for club merchandise. On 18 May, Rangers indicated its intention to end the joint venture with Sports Direct for selling club kits and merchandise, this included the withdrawal of the rights to use club trademarks.