Rangers Int. Football Club PLC Drawdown (4489G)
March 03 2015 - 12:10PM
UK Regulatory
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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