The club financial situation was praised for an ability to operate without shareholder support.

What's more, earlier fears that the firm would lose shareholder support or suffer an exodus of staff have proved groundless.

Zenith said the vote was a sign of shareholder support.

"We believe that when the final count is tallied, you'll see substantial shareholder support for our slate."

The two investors have sought this vote to win shareholder support for a rapid spinoff.

Increased offers had been expected, and each Scottish bank played down the other's move while trying to rally shareholder support for its own bid.

Within two weeks, the deal was killed due to lack of shareholder support.

Other analysts, however, said that the proposal was merely a manuever to gain shareholder support and profits from a higher share price.

"I am confident that the agreement we have made will get complete shareholder support," he said.