RANGERS INTERNATIONAL FOOTBALL CLUB PLC
Rangers International Football Club plc
("Rangers" or the "Company")
Notice under Section 303 of the Companies Act 2006
The Company announces that it has received a notice dated 7 October 2014 from Mike Ashley, a director of MASH Holdings Limited ("MASH") under Section 303 of the Companies Act 2006. The notice states that MASH holds 4,265,000 Ordinary Shares of 1p each in the Company amounting to 5% of the voting rights of the Company.
MASH requires the Company to call a general meeting of the Shareholders of the Company and to put certain resolutions to Shareholders for inclusion in the business at such a general meeting of the Company (the "Notice"). The Notice puts forward resolutions for the removal of Graham Wallace and Philip Nash as directors of the Company. The Company is currently verifying that the Notice is properly constituted. If valid, the Board intends to seek to have such Notice withdrawn in order to avoid the cost and disruption of an ad hoc general meeting particularly given the Company's forthcoming Annual General Meeting, further details of which will be announced in due course.
The Board is united in its support of the executive team. If the Notice is valid and is not withdrawn, the Directors intend to recommend that Shareholders vote against the proposed resolutions. A further announcement will be made shortly.
For further information please contact:
Rangers International Football Club plc | |
Graham Wallace | Tel: 0141 580 8647 |
Daniel Stewart & Company plc | Tel: 020 7776 6550 |
Paul Shackleton / David Coffman | |
Newgate Threadneedle | Tel: 020 7148 6143 |
Roddy Watt / John Coles |
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