Statement re. Settlement

RNS Number : 4785R

Rangers Int. Football Club PLC

12 September 2014

 

Rangers International Football Club plc

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

Statement re. Settlement

Rangers have agreed formal terms of settlement with former Commercial Director, Imran Ahmad regarding his current court action.  The sum agreed is significantly less than  the total amount which Mr Ahmad had been granted permission to arrest. As part of the settlement terms Mr Ahmad has agreed to refrain from arresting funds in Rangers' bank account or in the hands of others pending the formal removal of the case from court.  No such arrestment will now take place.  The case will be formally taken out of court in the next few days.

For further information please contact:

Rangers International Football Club plc               

Graham Wallace / Paul Tyrrell                   Tel: [phone]

Daniel Stewart & Company plc                  Tel: [phone]

Paul Shackleton / David Coffman            

Newgate Threadneedle                               Tel: [phone]

Roddy Watt / John Coles             

 

END

 

 

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