Business
C Share election results
C Share election results.
About this update from Topps Tiles Plc
[{"type":"text","content":"\n Topps Tiles PLC\n04 August 2006\n\n\n 4 August 2006\n\n Topps Tiles plc\n\n Return of Cash\n\n C Share elections\n\nFurther to the announcement made on 1 August 2006, Topps Tiles plc (the\n'Company') announces the final results of elections for the Share Alternatives,\nand of the C Share Choices made by Shareholders who elected for Alternative 3.\n\nAs at 4.30pm on 31 July 2006, Shareholders had elected for Alternatives 1 or 2\nin respect of 39,008,884 Existing Ordinary Shares and Alternative 3 in respect\nof 137,247,422 Existing Ordinary Shares. As announced on 1 August 2006, the\nShareholders who originally elected for Alternative 1 or Alternative 2 are\nentitled to 39,008,884 C Shares in aggregate, and the Shareholders who\noriginally elected for Alternative 3 are entitled to 37,000,000 B Shares and\n100,247,422 C Shares in aggregate. As at 3.00pm today, being the latest time for\nreceipt of notices of withdrawal in relation to the withdrawal or modification\nof elections for the Share Alternatives and C Share Choices, the results of\nelections for the Share Alternatives were as follows:\n\n • valid and deemed elections to receive the Single C Share Dividend under\n Alternative 1 had been received in relation to 89,159,546 Existing Ordinary\n Shares pursuant to Alternative 1;\n\n • valid elections to retain C Shares, such that they would carry the C\n Share Continuing Dividend and would also be subject to the Compulsory\n Purchase Procedure, had been received in relation to 269,052 Existing\n Ordinary Shares pursuant to Alternative 2; and\n\n • valid elections to receive a total of 37,000,000 B Shares had been\n received in relation to 137,247,422 Existing Ordinary Shares pursuant to\n Alternative 3, and the following C Share Choices had been made in respect of\n the aggregate of 100,247,422 C Shares to be allotted as a result of the\n scaling back of elections for B Shares:\n\n(a) elections to sell C Shares to KBC Peel Hunt under the\nPurchase Offer had been received in respect of 84,213,625 C Shares;\n\n(b) elections to receive the Single C Share Dividend had been\nreceived in respect of 15,949,506 C Shares; and\n\n(c) elections to retain the C Shares, such that they would carry\nthe C Share Continuing Dividend and would also be subject to the Compulsory\nPurchase Procedure, had been received in respect of 84,291 C...