Resignation of the Football Manager

RNS Number : 7121Z

Rangers Int. Football Club PLC

15 December 2014

 

15 December 2014

Rangers International Football Club plc
("Rangers" or the "Company")

Resignation of the Football Manager

The Company announces that Alastair McCoist, manager of the first team squad, has resigned. His service contract dated 28 December 2010, which was subsequently amended, has a 12 month notice period ("Notice Period"). The Directors will hold discussions with Mr McCoist to seek an amicable solution in the best interests of the Company, and expect to be in a position to make a further announcement before the end of the week. During the Notice Period, Mr McCoist's salary will increase significantly to GBP750,000 per annum.

For further information please contact:

Rangers International Football Club plc	Tel: [phone]
David Somers
WH Ireland Limited	Tel: [phone]
Adrian Hadden / Tim Feather
Newgate Threadneedle	Tel: [phone]
Roddy Watt / John Coles

 

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