Notice under Section 338 of the Companies Act 2006

RNS Number : 8213P

Rangers Int. Football Club PLC

04 October 2013

 



4 October 2013

Rangers International Football Club plc

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

Notice under section 338 of the Companies Act 2006

Petition for an Order under section 45(b) of the Court of Session Act 1988 and for interdict

Further to the announcement earlier today on 4 October 2013 regarding the petition filed in the Scottish Courts (the "Petition") by Paul Murray, Malcolm Murray, Ian Cormack, John Graham and Colin Howell being shareholders representing 0.71 per cent of the voting rights of the Company (the "Petitioners"), the Company confirms that the Petition was called in the Scottish courts to be heard today, Friday 4 October, 2013 by Lord Kinclaven.

The Petitioners sought interim orders to prevent the Annual General Meeting of the Company from taking place on 24 October 2013.  No such orders were granted by the court. 

Certain legal arguments in relation to the validity of the section 338 notices have been continued to a new hearing to take place on Monday 14 October 2013 at the Court of Session in Edinburgh.  Whilst the Company considers its legal position on these matters to be robust, the Petitioners have also confirmed that if their arguments succeed in relation to the validity of the s338 notices,  the Petitioners agree that the Annual General Meeting should proceed to take place on 24 October 2013 as long as their proposed resolutions are circulated as soon as reasonably practicable after the hearing concludes and before the date of the Annual  General  Meeting.  The Annual General Meeting of the Company is, therefore, set to proceed on 24 October 2013.

Further announcements will be made as appropriate.

For further information please contact:

Rangers International Football Club plc
Craig Mather, CEO Brian Stockbridge, FD	Tel: [phone]
Daniel Stewart & Company plc	Tel: [phone]
Paul Shackleton / James Thomas / Martin Lampshire
Newgate Threadneedle	Tel: [phone]
Graham Herring / Roddy Watt / John Coles / Fiona Conroy
Media House International Ltd Jack Irvine	Tel: [phone]

 

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