Further to requisition of general meeting

RNS Number : 1447M

Rangers Int. Football Club PLC

21 August 2013

 

21 August 2013

Rangers International Football Club plc

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

Further to requisition of general meeting

Further to the announcement of 2 August 2013, the Board is holding discussions with representatives of the requisitioners with the aim of avoiding the need for a general meeting, at this time, and the associated unnecessary cost and disruption to the Company.  The Board's aim remains finding a solution to achieve stability and unity amongst all stakeholders for the benefit of the Club.

The Board is actively seeking a new Chairman and the Directors will also consider other additions to the Board in order to ensure board efficacy at all times.  As such, the Directors have an open mind about the proposed resolution from the requisitioners to appoint Frank Blin but believe that the other proposed resolutions are not in the best of interest of the Company and shareholders as a whole.  

Further announcements will be made as appropriate in due course.

For further information please contact:

Rangers International Football Club plc	Tel: [phone]
Craig Mather, CEO Brian Stockbridge, FD
Strand Hanson Limited (Nominated Adviser)	Tel: [phone]
Stuart Faulkner / Rory Murphy / Richard Tulloch
Daniel Stewart & Company plc (Broker)	Tel: [phone]
Paul Shackleton
Newgate Threadneedle (Financial PR)	Tel: [phone]
Graham Herring / John Coles / Fiona Conroy

 

END

 

 

FURURAURORAWUUR