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: 0141 580 8647 |
Craig Mather, CEO Brian Stockbridge, FD |
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Strand Hanson Limited (Nominated Adviser) |
Tel: 020 7409 3494 |
Stuart Faulkner / Rory Murphy / Richard Tulloch |
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Daniel Stewart & Company plc (Broker) |
Tel: 020 7776 6550 |
Paul Shackleton |
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Newgate Threadneedle (Financial PR) |
Tel: 020 7148 6143 |
Graham Herring / John Coles / Fiona Conroy |
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