Statement re Court Order

RNS Number : 2224R

Rangers Int. Football Club PLC

09 September 2014

 



9 September 2014

Rangers International Football Club plc

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

Statement re. Court of Session Decision of 9 September 2014

The Company confirms that the Court of Session in Edinburgh has granted the Company Leave to Appeal the Court's decision  to grant an order allowing Mr Ahmad to arrest funds in Rangers bank account or the accounts of others who may be due to pay sums to Rangers.  He sought this order in connection with a claim against the Rangers Football Club Limited for alleged unpaid bonuses in the amount of £500,000.

This is a procedural step in the appeal process and the court has not yet considered the merits of the appeal.   If the appeal is successful, the Court's decision of 5 September 2014 will be overturned and the funds arrested will be released.

For further information please contact:

Rangers International Football Club plc               

Graham Wallace                               Tel: [phone]

Daniel Stewart & Company plc  Tel: [phone]

Paul Shackleton / David Coffman            

Newgate Threadneedle                               Tel: [phone]

Roddy Watt / John Coles             

 

END

 

 

STRLLFSVARIAIIS