Drawdown

RNS Number : 4489G

Rangers Int. Football Club PLC

03 March 2015

 



03 March 2015

Rangers International Football Club plc

("Rangers" the "Club" or the "Company")

Drawdown

The Board of Rangers announces that the Company has commenced the process of satisfying the conditions for drawdown of the second tranche of the facility announced on 27 January 2015 with SportsDirect.com Retail Limited and associated companies ("SD") (the "Facility") in order to meet its cash requirements for the third week of March. Drawdown of the second tranche of the Facility is subject to due diligence by SD. Shareholders should be aware that there are other conditions of drawdown which include a material and adverse change and/or significant, adverse event condition  which could impact upon the willingness of SD to release the funds. If the funds are not able to be drawn down from the Facility, alternative sources of external funding will be required.

For further information please contact:

Rangers International Football Club plc	Tel: [phone]
Derek Llambias
WH Ireland Limited	Tel: [phone]
Adrian Hadden / Paul Shackleton
Newgate	Tel: [phone]
Roddy Watt / Ed Treadwell

 

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