Completion of Placing/TVR
September 02 2009 - 8:42AM
UK Regulatory
TIDMTTNM
RNS Number : 4160Y
Tottenham Hotspur PLC
02 September 2009
Tottenham Hotspur plc
("Tottenham Hotspur" or "the Company")
Completion of Placing/TVR
Further to the announcement by Tottenham Hotspur (AIM: TTNM.L) of the placing
(the "Placing") of 30 million new ordinary shares of 5p each (the "New Shares"),
the Company is pleased to confirm that the Placing has now completed, the
Company has received the proceeds of the Placing and the New Shares have been
admitted to trading on the AIM Market.
As ENIC is the Company's major shareholder, the Placing constituted a related
party transaction and, in accordance with the AIM Rules, Keith Mills, the
independent Director of Tottenham Hotspur Plc, having consulted with the
Company's Nominated Adviser, Seymour Pierce Limited, confirms that he considers
that the terms of the Placing are fair and reasonable insofar as the Company's
shareholders are concerned.
The Placing allows the Company to advance the proposed new stadium development
project and submit a full planning application later this year with no detriment
to the core operations of the business.
Daniel Levy, Chairman said: "We are delighted that we can progress the new
stadium development without impacting our ability to compete on the field. The
new stadium will be a fantastic facility for the Club and the local community
whilst preserving the spirit and atmosphere or White Hart Lane."
Following the Placing, the Company's issued share capital consists of
122,799,073 ordinary shares of 5p each, with one voting right per share.
The total number of voting rights in the Company is therefore 122,799,073.
The above figure of 122,799,073 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
Disclosure and Transparency Rules.
Ends
Enquiries:
+--------------------------------+----------------------------+
| Tottenham Hotspur plc | www.tottenhamhotspur.com |
+--------------------------------+----------------------------+
| Matthew Collecott, Finance | tel: +44(0)20 8365 5322 |
| Director | |
+--------------------------------+----------------------------+
| John Bick | tel: +44(0)7872 061007 |
+--------------------------------+----------------------------+
| | |
+--------------------------------+----------------------------+
| Seymour Pierce Limited | tel: +44(0)20 7107 8000 |
+--------------------------------+----------------------------+
| Richard Feigen,/Jonathan | |
| Wright | |
+--------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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