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Press Release 8Th April

Thu, 8th Apr 2004 12:00am

Bryan Jackson of PKF, 78 Carlton Place, Glasgow was appointed Supervisor in a Creditors Voluntary Arrangement for Clyde Football Club at meetings of Creditors and Shareholders of the Company held at Broadwood Stadium on 7 April 2004.

Some modifications to the original CVA proposals were presented by the directors and also by a creditor which were agreed at the meeting, however this will not have an impact on the dividend forecast to creditors of 25p in the £.

Bryan Jackson is pleased that the CVA proposals have been accepted and will now supervise the financial position of the Club to ensure all ongoing liabilities are paid and the promised funds are made available to pay an immediate dividend of 10p in the £ to all creditors.