Mr Somers is an Honours Economic Studies graduate and a qualified accountant (Fellow of the Association of Chartered Certified Accountants). He spent all his career in Fund Management and in addition has considerable experience in matters of corporate governance.
Mr Somers will oversee the current process of appointing a high calibre Chief Executive Officer and further independent non-executive director(s) to form a unified board and provide stability for Rangers.
In order to allow time for the process outlined above to be progressed, the Company will hold its Annual General Meeting ("AGM") on Thursday 19 December 2013 at Ibrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD.
Mr Somers will, in accordance with Rangers' Articles of Association, be subject to re-appointment by an ordinary resolution of the shareholders at the AGM.
Mr Somers is currently a Non Executive Director of ACE Europe Life, part of the ACE Group of insurance and reinsurance companies; Non-Executive Director and Chairman of Audit & Risk Committee of Europe Arab Bank; Independent Trustee & Chairman of the Investment Sub Committee at Fujitsu Technologies International Pension Plan and, Chairman of the Investment Committee at TCF Investment Managers Ltd.
Further information concerning Mr David Somers, aged 65:
Current Partnerships and Directorships:
Ace Europe Life Ltd
Europe Arab Bank plc
FRS Pension Trustee Company
TCF Investments Limited
Past Directorships and other positions:
Chairman, Shepherds Friendly Society Ltd
Chairman, Shepherds Network Ltd
Chairman of Trustees, Doosan Babcock Energy Pension Fund
Director, Doosan Power Systems Pension Trustee Company Limited
Chairman of the Audit Committee, Commission for Racial Equality
Governor and Chairman of Audit Committee, Hadlow Agricultural College
Director, Allenbridgeepic Investment Advisers Limited
Mr Somers is not currently beneficially interested in the issued share capital of the Company.
There is no further information required relating to Mr Somers to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.