DAVE KING has released the following statement:

Supporters will be aware of the Takeover Panel’s ruling last year that I must make an offer to the non- concert party minority shareholders of the Rangers International Football Club PLC. I have defended this ruling on the basis that any offer should not come from me but should be made by one of my trust companies.

The Takeover Panel has relented to my request for which I am grateful. I confirm that It will be announced today that one of my trust companies will now proceed and shall within a short period make a fully funded offer in compliance with the normal requirements of the Takeover Panel.

Shareholders should refer to the full text of what is being announced at – LINK

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