Issue of Equity (0776Z)

TIDMTTNM

RNS Number : 0776Z

Tottenham Hotspur PLC

07 January 2011

7 January 2011

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 letters of election despatched to holders of convertible redeemable preference shares ("Preference Shares") on 21 December 2010, and which gave holders of Preference Shares the opportunity to elect to convert their Preference Shares into ordinary shares of 5 pence each ("Ordinary Shares") or to redeem their Preference Shares for cash, the following valid elections were made:

 
 Election                         Number of Preference Shares 
-------------------------------  ---------------------------- 
 To convert to Ordinary Shares    1,245 
-------------------------------  ---------------------------- 
 To redeem for cash               1 
-------------------------------  ----------------------------

Valid elections were not received in respect of 329 Preference Shares which, in accordance with the Company's Articles of Association, will automatically convert into Ordinary Shares

As previously announced on 20 December 2010, each Preference Share to be converted will convert into 1,562 Ordinary Shares. The new Ordinary Shares will be registered in the names of the relevant holders on 19 January 2011, will rank pari passu in all respects with the existing issued Ordinary Shares and application will be made for the admission to AIM of the new 2,458,588 Ordinary Shares, with trading expected to commence on 20 January 2011. The cash proceeds due in respect of the Preference Share to be redeemed are expected to be paid to the relevant holder on 19 January 2011.

Following such conversion and redemption there will be no Preference Shares in issue and accordingly the Company has applied to AIM for cancellation to admission to trading of the Preference Shares under ISIN GB0034048149. 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.

-ends-

Enquiries

 
 Matthew Collecott, Tottenham Hotspur      Tel: 020 8365 5322 
  plc 
 Sarah Jacobs/Tom Sheldon, Seymour         Tel: 020 7107 8000 
  Pierce Limited 
 John Bick, Gable Communications Limited   Tel: 020 7193 7463

This information is provided by RNS

The company news service from the London Stock Exchange

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