Issue of equity and Director/

RNS Number : 2969Y

Tottenham Hotspur PLC

20 December 2010

 



Tottenham Hotspur plc

("the Company")

Issue of Equity

Conversion of Convertible Preference Shares and Substantial Shareholding

Tottenham Hotspur plc ("Tottenham Hotspur" or "the Company", ticker AIM: TTNM) announces that pursuant to Conversion Notices received following the annual conversion date on 17 December 2010 for the convertible redeemable preference shares (the "Preference Shares") 56,247 Preference Shares have been converted, at a rate of 1,562 ordinary shares of 5 pence each ("Ordinary Shares") per Preference Share, into 87,857,814 Ordinary Shares (the "Conversion").

The New Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares and application has been made for the admission to AIM of the New Ordinary Shares, with trading expected to commence on 24 December 2010.

Following Conversion, ENIC International Limited ("ENIC"), a company in which Daniel Levy, Chairman of Tottenham Hotspur, is interested now holds 181,793,258 Ordinary Shares representing 86 per cent. of the issued ordinary share capital of the Company. ENIC no longer holds any interest in Preference Shares.

Following the Conversion, holders of in excess of 75 per cent. of the Preference Shares originally in issue have converted such shares into Ordinary Shares.  As a result the Company will be giving notice to all remaining holders of Preference Shares requiring them to elect either to convert their holding of Preference Shares into Ordinary Shares at a conversion rate of 1,562 or to redeem their Preference Shares for cash.  Such conversion or redemption is expected to occur on 19 January 2011, following which there will be no Preference Shares in issue and accordingly the Company will be applying to AIM for cancellation to admission to trading of the Preference Shares under ISIN GB0034048149.  Accordingly it is anticipated that the last day of dealings in Preference Shares will be on 18 January 2011 and Preference Shares will no longer be traded on AIM as from 19 January 2011.

Total Voting Rights

Following the Conversion as at today's date, the total number of Ordinary Shares in issue has increased to 211,400,399. For the purposes of the Transparency Directive, the Company's total issued share capital at 20 December 2010 is 211,400,399 Ordinary Shares. Accordingly the total number of voting rights in respect of Ordinary Shares which are admitted to trading on AIM is 211,400,399.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FSA's Disclosure and Transparency Rules.

Enquiries:

Matthew Collecott                                                                      020 8365 5322

Tottenham Hotspur plc

Sarah Jacobs/Tom Sheldon                                                        020 7107 8000

Seymour Pierce Limited

John Bick                                                                                  07872 061 007

Hansard Group

 

END

 

 

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