Outgoing Chairman Ken Mackie is asking all shareholders to back a proposed Tulloch cash investment of £400000 at the club AGM due to be held shortly.

Club chairman Ken Mackie said:"This proposal by Tulloch is warmly welcomed by the Board who see this financial injection as providing the stability for the club to progress both on and off the field. "Shareholder approval is required because of the club's previous change from a plc to a private company but I'm confident that, at a difficult time for clubs in Scottish football, our supporters will be delighted at an investment of this scale.

"I am extremely pleased that this proposal underlines the confidence being shown by Tulloch in the development of Inverness Caledonian Thistle." Mr Mackie added:"This latest offer is additional to the £400,000 provided by Tulloch and its associated companies which enabled the stadium enhancement and the club being able to bring SPL football home to Inverness in January.

"Tulloch have made a massive investment in enabling this club to be as successful as it has been and it's immensely encouraging that they are prepared to make this latest offer." Tulloch Chairman and ICT Director David Sutherland commented:"The concept of this latest financial assistance is to enable the club to enter 2006 with funds to provide for essential infrastructure and to assist the football budget.

"We are making this money available to provide additional stability and continuity in the hope that it will strengthen the hand of Craig Brewster and his team for the rest of this season and to sustain SPL football in Inverness for season 2006-07 and beyond."

Vice Chairman Graeme Bennett said:"The offer of further investment from Tulloch has to be seen as extremely encouraging as it comes at a time when other clubs are strapped for cash and against a backdrop of tough financial times in the game. "We're grateful for the opportunity of this significant sum. It sends the right signals to management and players that the continuity and stability is there at this club."

Mr Sutherland will succeed Mr Mackie as ICT FC Chairman next month. Mr Mackie is stepping down because of pressure of business and personal commitments after three years at the helm but has agreed to remain as a Director. Mr Mackie will be Chairman at the AGM and will propose the acceptance of the Tulloch investment offer.

The latest offer will take Tulloch's total investment in the club in recent years past the £1 million mark.