Further to requisition of general meeting

RNS Number : 2667N

Rangers Int. Football Club PLC

04 September 2013

 

4 September 2013

Rangers International Football Club plc

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

Further to requisition of general meeting

Further to the announcement on 2 September 2013, the Company confirms that the Board's discussions have been continuing with representatives of the group who requisitioned (together the "Requisitioners") a general meeting to consider the proposed resolutions ("Requisition") detailed in the announcement on 2 August 2013 ("General Meeting").

Following recent press speculation, the Company can confirm that the Requisitioners have put forward a proposal to withdraw the Requisition based on their request for the appointment of four additional non executive directors, being John McClelland, a former Chairman of Rangers Football Club, Sandy Easdale, an existing shareholder of the Company, Paul Murray, a former director of Rangers Football Club and Frank Blin, formally of PwC.  As part of the proposal, the Requisitioners have also confirmed that, subject to the above, they are not seeking to remove any of the current Directors.

The Company confirms that discussions are continuing with the Requisitioners with regard to reaching an agreement for the withdrawal of the Requisition.  The Board considers that any decision on any proposal for the withdrawal of the Requisition would be subject to the provision by the Requisitioners of a vote of confidence and continued support for the current Directors and to all necessary regulatory approvals.

Further announcements will be made as appropriate.

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
Media House International Ltd	Tel: [phone]
Jack Irvine

 

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