King, a former Oldco director, has already ousted two board members as director James Easdale and chairman David Somers resigned ahead of the EGM this Friday.
However, chief executive Derek Llambias and financial director Barry Leach remain in position despite conceding that King has won the battle for power at Ibrox.
“All of the Rangers directors that are subject to my requisition have now accepted that my resolutions have been successful and there is now no need for the general meeting to proceed,” King said in a statement.
“Mr Llambias put it best by advising me that I had achieved a ‘landslide’ victory. I wish to thank all shareholders, and particularly the fans, for this resounding success. The future now looks more recognisable for all Rangers stakeholders.”
King also revealed that while Somers and Easdale were right to stand down Llambias and Leach were “stubbornly” refusing to budge, meaning the EGM will go ahead at the reported cost of £80,000 to the club.
“James Easdale and David Somers did the right thing by resigning however the two appointees of Mr Ashley have stubbornly refused to resign and are using their current position [as remaining directors] to withhold implementation of the resolutions for personal gain.
“Now that the incoming board and I can focus on the future I will issue a further press statement outlining the immediate and intermediate steps that we have to take as we commence the road to re-establishing Rangers to the institution that its legacy demands.”