Business
C Shares Purchase Offer
C Shares Purchase Offer.
About this update from Topps Tiles Plc
[{"type":"text","content":"\n Topps Tiles PLC\n08 August 2006\n\n\n 8 August 2006\n\n Topps Tiles plc\n\n Return of Cash\n\n Purchase Offer for C Shares\n\nThis document should not be transmitted, distributed or released in or into any\njurisdiction in which such an act would constitute a violation of the relevant\nlaws of such jurisdiction.\n\n\nKBC Peel Hunt Ltd has agreed to make the Purchase Offer as referred to in the\ncircular from Topps Tiles plc (the 'Company') to its shareholders dated 7 July\n2006 (the 'Circular').\n\n\nKBC Peel Hunt Ltd hereby makes the Purchase Offer, acting as principal, to\npurchase the 84,213,625 C Shares which have been allotted to Shareholders\npursuant to the Return of Cash as a result of the scaling back of elections for\nB Shares under Alternative 3, in respect of which valid acceptances of the\nPurchase Offer have been received and not withdrawn. The offer is to purchase C\nShares for 54 pence each on the terms set out in the Circular.\n\n\nCheques and sale advices are expected to be despatched and assured payments made\nthrough CREST on 14 August 2006 in respect of C Shares purchased under the\nPurchase Offer.\n\n\nThe Board of Directors of the Company is also pleased to announce that it has\ndeclared the Single C Share Dividend of 54 pence per C Share payable to those\nShareholders who have, or who are deemed to have, elected to receive the Single\nC Share Dividend. Settlement of the Single C Share Dividend for Shareholders is\nexpected to be made on 14 August 2006.\n\n\nUS Holders are deemed to have elected for Alternative 1 in respect of all of\ntheir Existing Ordinary Shares.\n\nExpected timetable of outstanding principal events:\nB Shares redeemed 14 August 2006\n\nCheques issued/CREST accounts credited in respect of the Single 14 August 2006\nC Share Dividend, the redemption of the B Shares and fractional\nentitlements, together with tax vouchers\n\nCheques issued/CREST accounts credited in respect of the 14 August 2006\npurchase of C Shares by KBC Peel Hunt\n\nCREST accounts credited in respect of C Shares retained 14 August 2006\n\nDespatch of New Ordinary Share certificates and retained C Share 14 August 2006\ncertificates\n\nDefinitions used in the Circular apply to this announcement.\n\nEnquiries:\n\n\nBarry Bester - Chairman 01625 446 700\nNicholas Ounstead - CEO 01625 446 700\n\n\nSarah Landgrebe\nBell P...