Topps Tiles PLC
31 July 2006
31 July 2006
Topps Tiles plc
Application for Admission
Applications have been made to the UKLA and London Stock Exchange for
170,007,015 New Ordinary Shares fully paid, resulting from the Share Capital
Consolidation, to be admitted to the Official List and to trading on London
Stock Exchange's market for listed securities in place of the Existing Ordinary
Shares. It is expected that dealings in the Existing Ordinary Shares will
continue until 4.30pm today and that the New Ordinary Shares will be admitted to
the Official List and that dealings in the New Ordinary Shares will commence on
London Stock Exchange's market for listed securities at 8.00am tomorrow, 1
August 2006.
Application has also been made to the UKLA and London Stock Exchange for the
block listing of 1,565,006 New Ordinary Shares fully paid, ranking pari passu
with the existing ordinary shares (the 'Block listing'). Under the Block listing
the Company applied for the New Ordinary Shares to be listed pursuant to the
following schemes (the 'Schemes'):
Scheme Name Number of New Shares
Topps Tiles plc Approved Executive Share Option Scheme 184,355
Topps Tiles plc Unapproved Executive Share Option Scheme 314,060
Topps Tiles Share Save Schemes (see below) 1,066,591
The Topps Tiles Share Save Schemes consist of the following schemes:
Scheme Name Number of New Shares
Topps Tiles plc Shares Save Scheme (2001) 63,825
Topps Tiles plc Shares Save Scheme (2002) 199,715
Topps Tiles plc Shares Save Scheme (2003) 313,145
Topps Tiles plc Shares Save Scheme (2004) 269,746
Topps Tiles plc Shares Save Scheme (2006) 220,160
It is expected that the New Ordinary Shares applied for under the Block listing
will be allotted, issued and listed in due course pursuant to the rules of the
Schemes.
No application will be made to the UK Listing Authority or to London Stock
Exchange for any of the B Shares or C Shares resulting from the Return of Cash
to be admitted to the Official List or to trading on the market for listed
securities of London Stock Exchange and the B Shares and C Shares will not be
admitted to trading on any other recognised investment exchange.
The Company's issued share capital on admission of the New Ordinary Shares will
be 170,007,015 ordinary shares of 3 1/3 pence each.
Definitions used in the circular to shareholders dated 7 July 2006 apply to this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange