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St Mirren director Ken McGeoch claims shareholders deserve the chance to debate his position after he refused to resign amid a dispute with the club's ruling group.

The club have called an extraordinary general meeting for May 3 after the selling consortium, featuring chairman Stewart Gilmour, failed to force his resignation.

The four directors have accused McGeoch of a "serious breach of trust" after he held a meeting in the St Mirren boardroom with lawyer Gary Withey, then of London-based firm Collyer Bristow and also Rangers' company secretary, over his plans for a takeover deal.

McGeoch, whose attempts to buy out his fellow directors were rejected, insists there was no conflict of interest and that he does not plan to resign before the EGM, although he is prepared to sell his shares.

McGeoch, who holds just under 10 per cent of the club's shareholding, told BBC Scotland's Sportsound programme: "The EGM is very important business for the football club and I honestly believe the shareholders have a right to attend a meeting on such an important part of the football club's business.

"I'm quite prepared to go. If the shareholders - and that includes the selling consortium - decide I should no longer be a director then I have to accept that."

When asked if he is prepared to sell his shares, McGeoch said: "It's got to the stage where I would go. I'm not here to cause problems for the club."

However, he added: "We have done nothing wrong whatsoever. This has been completely transparent. This was an above-the-table deal.

"The meeting on November 25 was pre-arranged. We emailed the club and the email actually specified Gary Withey's name on it, and on the day we had directors join us.

"Personnel documents about the club were never given to Gary Withey. This was an overview meeting."

Withey, who helped Craig Whyte complete his Rangers takeover, left Collyer Bristow shortly after the Ibrox club went into administration on February 14 and McGeoch soon ended his partnership with the law firm.

"We asked the bankers to check out to make sure there was no conflict of interest and we have a written statement to say there was no conflict of interest," he said.

"We were given the names of three or four firms of solicitors. I do a lot of business in London and the team of professional advisers were all mainly based in the London area.

"It was considered a reasonable move to appoint Collyer Bristow since they had done the Rangers deal and were knowledgeable about the game in Scotland. They felt it may push the deal through quicker.

"When it came to February and whatever was happening at Rangers started to come out, we became nervous about the situation about being connected with Collyer Bristow. We parted company with Collyer Bristow in late February."

McGeoch and his partner in the takeover proposal, Paul Davies, earlier firmly denied any association with Whyte.

Gilmour had pointed to the existence of an email showing Davies had arranged a meeting with Whyte but McGeoch insisted that was over a separate matter pertaining to a community gym at Rangers and had nothing to do with their bid for St Mirren, adding that the meeting never took place.