Business
Cancellation of Shares
Cancellation of Shares.
About this update from Topps Tiles Plc
[{"type":"text","content":"\n Topps Tiles PLC\n16 February 2007\n\n\n Topps Tiles plc\n\n\n Cancellation of Deferred Shares\n\n\n\nTopps Tiles plc today announced that, in accordance with rights set out in its\nArticles, all outstanding C Shares created as part of its Return of Cash (being\nsubject to the Compulsory Purchase Procedure) will be repurchased on 28 February\n2007 following which they will be cancelled. Information relating to the Return\nof Cash, the Compulsory Purchase Procedure and its potential tax consequences,\nwas detailed in the circular to shareholders dated 7 July 2006 (the 'Circular').\n\n\nHolders of C Shares repurchased under the Compulsory Purchase Procedure will\nreceive 54 pence per C Share plus the amount of the C Share Continuing Dividend\naccrued up to the date of repurchase of approximately 1.1 pence per C Share.\nShareholders should expect to receive cheques for or payment of the sums due to\nthem on completion of the Compulsory Purchase Procedure on or about 12th March\n2007.\n\n\n\nDefinitions used in the Circular apply to this announcement.\n\n\nEnquiries:-\n\n\nBarry Bester - Chairman 0161 468 2400\nAndrew Liggett - Finance Director 0161 468 2400\n\n\nAnn-Marie Wilkinson/ Antonia Coad\nBell Pottinger Corporate & Financial 020 7861 3232\n\n\nMegan MacIntyre\nKBC Peel Hunt Ltd 020 7418 8900\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1552,"tagName":"div"}]