Topps Tiles Regulatory News (TPT)

4 Aug 2006 16:47

Topps Tiles PLC04 August 2006 4 August 2006 Topps Tiles plc Return of Cash C Share elections Further to the announcement made on 1 August 2006, Topps Tiles plc (the"Company") announces the final results of elections for the Share Alternatives,and of the C Share Choices made by Shareholders who elected for Alternative 3. As at 4.30pm on 31 July 2006, Shareholders had elected for Alternatives 1 or 2in respect of 39,008,884 Existing Ordinary Shares and Alternative 3 in respectof 137,247,422 Existing Ordinary Shares. As announced on 1 August 2006, theShareholders who originally elected for Alternative 1 or Alternative 2 areentitled to 39,008,884 C Shares in aggregate, and the Shareholders whooriginally elected for Alternative 3 are entitled to 37,000,000 B Shares and100,247,422 C Shares in aggregate. As at 3.00pm today, being the latest time forreceipt of notices of withdrawal in relation to the withdrawal or modificationof elections for the Share Alternatives and C Share Choices, the results ofelections for the Share Alternatives were as follows: • valid and deemed elections to receive the Single C Share Dividend under Alternative 1 had been received in relation to 89,159,546 Existing Ordinary Shares pursuant to Alternative 1; • valid elections to retain C Shares, such that they would carry the C Share Continuing Dividend and would also be subject to the Compulsory Purchase Procedure, had been received in relation to 269,052 Existing Ordinary Shares pursuant to Alternative 2; and • valid elections to receive a total of 37,000,000 B Shares had been received in relation to 137,247,422 Existing Ordinary Shares pursuant to Alternative 3, and the following C Share Choices had been made in respect of the aggregate of 100,247,422 C Shares to be allotted as a result of the scaling back of elections for B Shares: (a) elections to sell C Shares to KBC Peel Hunt under thePurchase Offer had been received in respect of 84,213,625 C Shares; (b) elections to receive the Single C Share Dividend had beenreceived in respect of 15,949,506 C Shares; and (c) elections to retain the C Shares, such that they would carrythe C Share Continuing Dividend and would also be subject to the CompulsoryPurchase Procedure, had been received in respect of 84,291 C Shares. Any B Shares received will automatically be redeemed on the B Share RedemptionDate. Expected timetable of outstanding principal events:Single C Share Dividend declared and C Shares in respect of 8 August 2006which the Single C Share Dividend is payable automaticallyconvert into Deferred Shares KBC Peel Hunt makes the Purchase Offer by means of an 8.00am on 8 announcement on the Regulatory News Service of London Stock August 2006Exchange B Shares redeemed 14 August 2006 Cheques issued/CREST accounts credited in respect of the Single 14 August 2006C Share Dividend, the redemption of the B Shares and fractionalentitlements, together with tax vouchers Cheques issued/CREST accounts credited in respect of the 14 August 2006purchase of C Shares by KBC Peel Hunt CREST accounts credited in respect of C Shares retained 14 August 2006 Despatch of New Ordinary Share certificates and retained C Share 14 August 2006certificates References to times in this announcement are to London time. Definitions used in the circular to shareholders dated 7 July 2006 apply to thisannouncement. Enquiries: Barry Bester - Chairman 01625 446 700Nicholas Ounstead - CEO 01625 446 700 Sarah LandgrebeBell Pottinger Corporate & Financial 020 7861 3232 Megan MacIntyreKBC Peel Hunt Ltd 020 7418 8900 This information is provided by RNS The company news service from the London Stock Exchange