RFC Rangers Int

TIDMRFC

RNS Number : 4489G

Rangers Int. Football Club PLC

03 March 2015

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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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