31st Jul 2006 11:04
Topps Tiles PLC31 July 2006 31 July 2006 Topps Tiles plc Return of Cash and Share Capital Consolidation Results of EGM Topps Tiles plc (the "Company") is pleased to announce that its shareholdershave approved the return of £122.4 million of cash to shareholders at theCompany's EGM held today. The following resolutions were duly passed at the Company's EGM. All fourresolutions were passed on a show of hands. For information, the proxy votesreceived were as follows: Resolution number Votes for Votes at Votes Abstentions (% votes) discretion against of chairman (% votes) (% votes) Resolution 1 138,777,469 56,307 24,996 336,842 (99.94%) (0.04%) (0.02%)To approve theReturn ofCash, theShare CapitalConsolidationand amendmentsto theArticles ofAssociation Resolution 2 138,447,656 72,067 337,549 338,342 (99.71%) (0.05%) (0.24%)To authorisethe Directorsto allot NewOrdinaryShares Resolution 3 138,423,738 85,726 343,048 343,102 (99.69%) (0.06%) (0.25%)To disapply pre-emption rightsin relation to the allotment ofNew Ordinary Shares Resolution 4 138,447,574 73,387 337,811 336,842 (99.71%) (0.05%) (0.24%)To authorise the Company to makemarket purchases of New OrdinaryShares Two copies of the resolutions passed at the EGM have been submitted to the UKListing Authority and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at: Financial Services Authority25 The North Colonnade,Canary Wharf,London E14 5HS Expected timetable of outstanding principal events:Latest time and date for dealings in Existing Ordinary Shares 4.30pm on 31 July 2006 Latest time for receipt of Election Forms and TTE instructions 4.30pm on 31from CREST holders in relation to the Share Alternatives July 2006 Record Date for the Capital Reorganisation and the Return of 5.00pm on 31Cash. Existing Ordinary Share register closed and Existing July 2006Ordinary Shares disabled in CREST New Ordinary Shares admitted to the Official List and to trading 8.00am on 1on London Stock Exchange's market for listed securities August 2006 Dealings in the New Ordinary Shares commence and enablement in 8.00am on 1CREST. New Ordinary Shares credited to CREST accounts August 2006 Latest time for receipt of notices of withdrawal and ESA 3.00pm on 4instructions from CREST holders in relation to withdrawal or Augustmodification of elections for Share Alternatives and C ShareChoices Single C Share Dividend declared and C Shares in respect of 8 August 2006which the Single C Share Dividend is payable automaticallyconvert into Deferred Shares KBC Peel Hunt makes the Purchase Offer by means of an 8.00am on 8announcement on the Regulatory News Service of London Stock August 2006Exchange B Shares redeemed 14 August 2006 Cheques issued/CREST accounts credited in respect of the Single 14 August 2006C Share Dividend, the redemption of the B Shares and fractionalentitlements, together with tax vouchers Cheques issued/CREST accounts credited in respect of the 14 August 2006purchase of C Shares by KBC Peel Hunt CREST accounts credited in respect of C Shares retained 14 August 2006 Despatch of New Ordinary Share certificates and retained C Share 14 August 2006certificates References to times in this announcement are to London time. Definitions used in the circular to shareholders dated 7 July 2006 apply to thisannouncement. Enquiries: Barry Bester - Chairman 01625 446 700Andrew Liggett - Finance Director 01625 446 700 Sarah LandgrebeBell 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 ExchangeRelated Shares:
Topps Tiles