Topps Tiles Regulatory News (TPT)

16 Feb 2007 13:30

Topps Tiles PLC16 February 2007 Topps Tiles plc Cancellation of Deferred Shares Topps Tiles plc today announced that, in accordance with rights set out in itsArticles, all outstanding C Shares created as part of its Return of Cash (beingsubject to the Compulsory Purchase Procedure) will be repurchased on 28 February2007 following which they will be cancelled. Information relating to the Returnof Cash, the Compulsory Purchase Procedure and its potential tax consequences,was detailed in the circular to shareholders dated 7 July 2006 (the "Circular"). Holders of C Shares repurchased under the Compulsory Purchase Procedure willreceive 54 pence per C Share plus the amount of the C Share Continuing Dividendaccrued up to the date of repurchase of approximately 1.1 pence per C Share.Shareholders should expect to receive cheques for or payment of the sums due tothem on completion of the Compulsory Purchase Procedure on or about 12th March2007. Definitions used in the Circular apply to this announcement. Enquiries:- Barry Bester - Chairman 0161 468 2400Andrew Liggett - Finance Director 0161 468 2400 Ann-Marie Wilkinson/ Antonia CoadBell 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