Offer Update
ENIC Limited
27 July 2007
Not for release, publication or distribution, in whole or in part, in, into or
from the United States, Canada, Australia or Japan or any other jurisdiction
where 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 'Offer
Document') to Tottenham Hotspur Shareholders in respect of the mandatory cash
offers under Rule 9 of the City Code of 113.6 pence for each Tottenham Hotspur
Ordinary Share (the 'Ordinary Offer') and £1,773.77 for each Tottenham Hotspur
Preference Share (the 'Preference Offer').
Both the Ordinary Offer and the Preference Offer are now unconditional in all
respects, following ENIC International's announcement on 13 July 2007. The
Board of ENIC International now announces that the Offers have been extended and
will 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 of
the Offers (the 'First Closing Date'), valid acceptances of the Offers had been
received in respect of 17,826,919 Tottenham Hotspur Ordinary Shares and 2,809
Tottenham Hotspur Preference Shares, representing approximately 19.25 per cent.
and 4.78 per cent. of the existing issued ordinary and preference share capital
of Tottenham Hotspur respectively.
ENIC International is also interested in 44,052,675 Tottenham Hotspur Ordinary
Shares and 53,252 Tottenham Hotspur Preference Shares, representing
approximately 47.56 per cent. and 90.56 per cent. of Tottenham Hotspur's
existing issued ordinary and preference share capital, respectively.
Therefore, as at 1.00 p.m. (London time) on 26 July 2007, ENIC International
owned, controlled or had received valid acceptances in respect of a total of
61,879,594 Tottenham Hotspur Ordinary Shares and 56,061 Tottenham Hotspur
Preference Shares, representing approximately 66.81 per cent. and 95.34 per
cent. of the existing issued ordinary and preference share capital of Tottenham
Hotspur respectively.
Tottenham Hotspur Ordinary Shareholders and Tottenham Hotspur Preference
Shareholders who wish to accept the Ordinary Offer and / or the Preference
Offer, and who have not yet done so, should act in accordance with the
instructions set out in the Offer Document dated 5 July 2007 and (in respect of
Tottenham Hotspur Shares held in certificated form) the Form(s) of Acceptance as
soon as possible. Further copies of the Offer Document and Forms of Acceptance
are available to Tottenham Hotspur Shareholders who are entitled to receive
these documents by calling Capita Registrars on 0870 162 3121 (or, from outside
the United Kingdom, +44 20 8639 3399) between 9.00 a.m. and 5.00 p.m. (London
time), Monday to Friday (excluding UK public holidays).
Settlement will be effected on or before 9 August 2007 to such Tottenham Hotspur
Shareholders who validly accepted the relevant Offer(s) prior to the First
Closing Date. Settlement for Tottenham Hotspur Shareholders who validly accept
the relevant Offer(s) from the First Closing Date onwards will be effected
within 14 calendar days of receipt of their valid acceptance.
Certain terms used in this announcement are defined in the Offer Document dated
5 July 2007.
Enquiries:
Holborn PR (PR adviser to ENIC International) Tel: 020 7929 5599
Trevor Phillips 07889 153628
Kaupthing Limited (Financial adviser to ENIC International) Tel: 020 3205 5000
Jos Trusted
Cameron Jack
Seymour Pierce Limited (Joint financial adviser to Tottenham Hotspur) Tel: 020 7107 8000
Richard Feigen
Jonathan Wright
Tricorn Partners LLP (Joint financial adviser to Tottenham Hotspur) Tel: 020 7823 0888
Guy Dawson
Hansard Group (PR adviser to Tottenham Hotspur) Tel: 020 7245 1100
John Bick
Kaupthing Limited, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for ENIC International
and no one else in relation to the Offers and will not be responsible to anyone
other than ENIC International for providing the protections afforded to clients
of Kaupthing Limited or for providing advice in relation to the Offers or any
matter referred to in the Offer Document.
Seymour Pierce Limited and Tricorn Partners LLP, each of which is authorised and
regulated in the United Kingdom by the Financial Services Authority, are acting
exclusively for Tottenham Hotspur and no one else in relation to the Offers and
will not be responsible to anyone other than Tottenham Hotspur for providing the
protections afforded to their respective clients or for providing advice in
relation 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 Shares
or Tottenham Hotspur Preference Shares or any other securities pursuant to the
Offers or otherwise. The Offers are being made solely by the Offer Document and
the Forms of Acceptance, which contain the full terms and conditions of the
Offers, including details of how they may be accepted.
The availability of the Offers to persons not resident in the United Kingdom may
be affected by the laws of the relevant jurisdictions. Persons who are not
resident in the United Kingdom, or who are subject to the laws of any
jurisdiction other than the United Kingdom, should inform themselves about and
observe any applicable requirements. Further details in relation to overseas
shareholders are contained in the Offer Document.
The Offers are not being made, directly or indirectly, in or into the United
States or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile or other electronic transmission, telex or
telephone) of inter-state or foreign commerce of, or any facility of, a
national, state or other securities exchange of, the United States, nor are they
being made directly or indirectly in or into Canada, Australia or Japan and the
Offers cannot be accepted by any such use, means, instrumentality or facility or
from within the United States, Canada, Australia or Japan or any other such
jurisdiction if to do so would constitute a violation of the relevant laws of
such jurisdiction. Accordingly, copies of this announcement, the Offer Document
and the Forms of Acceptance are not being, will not be and must not be mailed or
otherwise forwarded, distributed or sent in, into or from the United States,
Canada, Australia or Japan or any other such jurisdiction if to do so would
constitute a violation of the relevant laws of such jurisdiction and persons
receiving 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 a
violation of the relevant laws of such jurisdiction. Doing so may render
invalid any purported acceptance of the Offers.
This information is provided by RNS
The company news service from the London Stock Exchange