Result of Open Offer
November 17 2003 - 2:01AM
UK Regulatory
RNS Number:1194S
Top Ten Holdings PLC
17 November 2003
Top Ten Holdings PLC
Result of the Open Offer
On 16 October 2003 Top Ten Holdings PLC ("Top Ten" or the "Company"), announced
that it had acquired the business and assets of eight bingo clubs and four
adjacent amusement arcades for a total cash consideration of #5.8 million, and
that it had completed a Placing of 93,130,000 New Ordinary Shares and was
posting a document to Shareholders in respect of an Open Offer of up to
17,791,447 New Ordinary Shares at a price in each case of 5p per share.
The Board is pleased to announce that following the closing of the Open Offer at
3.00 pm on 14 November 2003, valid applications have been received from
Qualifying Shareholders for 17,199,561 New Ordinary Shares, representing 96.67%
of the New Ordinary Shares available for take up under the Open Offer.
The New Ordinary Shares will rank pari passu in all respects with the existing
Ordinary Shares. Application has been made to the London Stock Exchange plc
for the New Ordinary Shares to be admitted to trading on AIM. It is expected
that Admission will take place and dealings will commence in the New Ordinary
Shares on Tuesday, 18 November 2003.
For further information, contact:
Alan Weston
Managing Director, Top Ten Holdings Plc Tel: 01727 850793
Jonathan Naess
Nabarro Wells & Co. Limited Tel: 020 7710 7400
Russell Cook
Charles Stanley & Co. Limited Tel: 020 7953 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEBIBPTMMJBBBJ