3 Mar 2015 17:10
03 March 2015
Rangers International Football Club plc
("Rangers" the "Club" or the "Company")
Drawdown
The Board of Rangers announces that the Company has commenced the process of satisfying the conditions for drawdown of the second tranche of the facility announced on 27 January 2015 with SportsDirect.com Retail Limited and associated companies ("SD") (the "Facility") in order to meet its cash requirements for the third week of March. Drawdown of the second tranche of the Facility is subject to due diligence by SD. Shareholders should be aware that there are other conditions of drawdown which include a material and adverse change and/or significant, adverse event condition which could impact upon the willingness of SD to release the funds. If the funds are not able to be drawn down from the Facility, alternative sources of external funding will be required.
For further information please contact:
Rangers International Football Club plc | Tel: 0141 580 8647 |
Derek Llambias | |
WH Ireland Limited | Tel: 020 7220 1666 |
Adrian Hadden / Paul Shackleton | |
Newgate | Tel: 020 7148 6143 |
Roddy Watt / Ed Treadwell |