Offer Update

27 Jul 2007 07:01

ENIC Limited27 July 2007 Not for release, publication or distribution, in whole or in part, in, into orfrom the United States, Canada, Australia or Japan or any other jurisdictionwhere it would be unlawful to do so. PRESS ANNOUNCEMENT EMBARGOED UNTIL 7AM 27 July 2007 CASH OFFERS by ENIC INTERNATIONAL LTD for TOTTENHAM HOTSPUR PLC FIRST CLOSING DATE AND EXTENSION OF OFFERS On 5 July 2007, ENIC International posted an offer document (the "OfferDocument") to Tottenham Hotspur Shareholders in respect of the mandatory cashoffers under Rule 9 of the City Code of 113.6 pence for each Tottenham HotspurOrdinary Share (the "Ordinary Offer") and £1,773.77 for each Tottenham HotspurPreference Share (the "Preference Offer"). Both the Ordinary Offer and the Preference Offer are now unconditional in allrespects, following ENIC International's announcement on 13 July 2007. TheBoard of ENIC International now announces that the Offers have been extended andwill remain open for acceptance until 23 August 2007. As at 1.00 p.m. (London time) on 26 July 2007, being the first closing date ofthe Offers (the "First Closing Date"), valid acceptances of the Offers had beenreceived in respect of 17,826,919 Tottenham Hotspur Ordinary Shares and 2,809Tottenham Hotspur Preference Shares, representing approximately 19.25 per cent.and 4.78 per cent. of the existing issued ordinary and preference share capitalof Tottenham Hotspur respectively. ENIC International is also interested in 44,052,675 Tottenham Hotspur OrdinaryShares and 53,252 Tottenham Hotspur Preference Shares, representingapproximately 47.56 per cent. and 90.56 per cent. of Tottenham Hotspur'sexisting issued ordinary and preference share capital, respectively. Therefore, as at 1.00 p.m. (London time) on 26 July 2007, ENIC Internationalowned, controlled or had received valid acceptances in respect of a total of61,879,594 Tottenham Hotspur Ordinary Shares and 56,061 Tottenham HotspurPreference Shares, representing approximately 66.81 per cent. and 95.34 percent. of the existing issued ordinary and preference share capital of TottenhamHotspur respectively. Tottenham Hotspur Ordinary Shareholders and Tottenham Hotspur PreferenceShareholders who wish to accept the Ordinary Offer and / or the PreferenceOffer, and who have not yet done so, should act in accordance with theinstructions set out in the Offer Document dated 5 July 2007 and (in respect ofTottenham Hotspur Shares held in certificated form) the Form(s) of Acceptance assoon as possible. Further copies of the Offer Document and Forms of Acceptanceare available to Tottenham Hotspur Shareholders who are entitled to receivethese documents by calling Capita Registrars on 0870 162 3121 (or, from outsidethe United Kingdom, +44 20 8639 3399) between 9.00 a.m. and 5.00 p.m. (Londontime), Monday to Friday (excluding UK public holidays). Settlement will be effected on or before 9 August 2007 to such Tottenham HotspurShareholders who validly accepted the relevant Offer(s) prior to the FirstClosing Date. Settlement for Tottenham Hotspur Shareholders who validly acceptthe relevant Offer(s) from the First Closing Date onwards will be effectedwithin 14 calendar days of receipt of their valid acceptance. Certain terms used in this announcement are defined in the Offer Document dated5 July 2007. Enquiries: Holborn PR (PR adviser to ENIC International) Tel: 020 7929 5599Trevor Phillips 07889 153628 Kaupthing Limited (Financial adviser to ENIC International) Tel: 020 3205 5000Jos TrustedCameron Jack Seymour Pierce Limited (Joint financial adviser to Tottenham Hotspur) Tel: 020 7107 8000Richard FeigenJonathan Wright Tricorn Partners LLP (Joint financial adviser to Tottenham Hotspur) Tel: 020 7823 0888Guy Dawson Hansard Group (PR adviser to Tottenham Hotspur) Tel: 020 7245 1100John Bick Kaupthing Limited, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting exclusively for ENIC Internationaland no one else in relation to the Offers and will not be responsible to anyoneother than ENIC International for providing the protections afforded to clientsof Kaupthing Limited or for providing advice in relation to the Offers or anymatter referred to in the Offer Document. Seymour Pierce Limited and Tricorn Partners LLP, each of which is authorised andregulated in the United Kingdom by the Financial Services Authority, are actingexclusively for Tottenham Hotspur and no one else in relation to the Offers andwill not be responsible to anyone other than Tottenham Hotspur for providing theprotections afforded to their respective clients or for providing advice inrelation to the Offers or any matter referred to in the Offer Document. This announcement is not intended to and does not constitute, or form part of,an offer or an invitation to purchase or sell Tottenham Hotspur Ordinary Sharesor Tottenham Hotspur Preference Shares or any other securities pursuant to theOffers or otherwise. The Offers are being made solely by the Offer Document andthe Forms of Acceptance, which contain the full terms and conditions of theOffers, including details of how they may be accepted. The availability of the Offers to persons not resident in the United Kingdom maybe affected by the laws of the relevant jurisdictions. Persons who are notresident in the United Kingdom, or who are subject to the laws of anyjurisdiction other than the United Kingdom, should inform themselves about andobserve any applicable requirements. Further details in relation to overseasshareholders are contained in the Offer Document. The Offers are not being made, directly or indirectly, in or into the UnitedStates or by use of the mails of, or by any means or instrumentality (including,without limitation, facsimile or other electronic transmission, telex ortelephone) of inter-state or foreign commerce of, or any facility of, anational, state or other securities exchange of, the United States, nor are theybeing made directly or indirectly in or into Canada, Australia or Japan and theOffers cannot be accepted by any such use, means, instrumentality or facility orfrom within the United States, Canada, Australia or Japan or any other suchjurisdiction if to do so would constitute a violation of the relevant laws ofsuch jurisdiction. Accordingly, copies of this announcement, the Offer Documentand the Forms of Acceptance are not being, will not be and must not be mailed orotherwise forwarded, distributed or sent in, into or from the United States,Canada, Australia or Japan or any other such jurisdiction if to do so wouldconstitute a violation of the relevant laws of such jurisdiction and personsreceiving this announcement, the Offer Document and the Forms of Acceptance(including without limitation custodians, nominees and trustees) must not mail,forward, distribute or send them in, into or from the United States, Canada,Australia or Japan or any other such jurisdiction if to do so would constitute aviolation of the relevant laws of such jurisdiction. Doing so may renderinvalid any purported acceptance of the Offers. This information is provided by RNS The company news service from the London Stock Exchange