Rule 2.10
- Thread starter Bobbyh99
- Start date
15 September 2014
Tottenham Hotspur Limited (“THFC”)
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), THFC confirms that, as at the close of business on 12 September 2014, it had 213,102,209 ordinary shares of 5 pence each in issue. The International Securities Identification Number for THFC shares is GB0008962986.
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Tottenham Hotspur Limited (“THFC”)
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), THFC confirms that, as at the close of business on 12 September 2014, it had 213,102,209 ordinary shares of 5 pence each in issue. The International Securities Identification Number for THFC shares is GB0008962986.
Link
Last edited:
OneHotspur1988
Well-Known Member
- Jul 15, 2008
- 1,104
- 573
I guess someone is trying to take us over so we have to publicly announce how many shares we have issued and their value?
zepstar
Well-Known Member
- Feb 12, 2005
- 607
- 1,009
What it means, is that THFC has due diligence to it's shareholders to keep them informed of the share price, when they have received preliminary offers for investments or takeovers (which we all, sort of know about), so they can judge the merits of the deal.
WestBelfast Spurs
Well-Known Member
- Jul 15, 2011
- 2,597
- 3,183
Why did you not buy a new forward?
michaelden
Knight of the Fat Fanny
- Aug 13, 2004
- 26,458
- 21,824
link now says "."
TheAmerican
Well-Known Member
- Aug 30, 2012
- 6,913
- 18,761
http://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/code.pdf
Introduction
The Code is designed principally to ensure that shareholders in an offeree
company are treated fairly and are not denied an opportunity to decide on
the merits of a takeover and that shareholders in the offeree company of
the same class are afforded equivalent treatment by an offeror. The Code
also provides an orderly framework within which takeovers are conducted.
In addition, it is designed to promote, in conjunction with other regulatory
regimes, the integrity of the financial markets...
WHEN AN ANNOUNCEMENT IS REQUIRED
An announcement is required:
(a)
when a firm intention to make an offer is notified to the board of
the offeree company by or on behalf of an offeror, irrespective of the
attitude of the board to the offer;
(b)
immediately upon an acquisition of any interest in shares which
gives rise to an obligation to make an offer under Rule 9.1. The
announcement that an obligation has been incurred should not be
delayed while full information is being obtained; additional information
can be the subject of a later supplementary announcement;
(c)
when, following an approach by or on behalf of a potential offeror to
the board of the offeree company, the offeree company is the subject of
rumour and speculation or there is an untoward movement in its share
price;
(d)
when, after a potential offeror first actively considers an offer
but before an approach has been made to the board of the offeree
company, the offeree company is the subject of rumour and speculation
or there is an untoward movement in its share price and there are
reasonable grounds for concluding that it is the potential offeror’s
actions (whether through inadequate security or otherwise) which have
led to the situation;
(e)
when negotiations or discussions relating to a possible offer are
about to be extended to include more than a very restricted number of
people (outside those who need to know in the parties concerned and
their immediate advisers); or
20.5.13
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(f)
when a purchaser is being sought for an interest, or interests,
in shares carrying in aggregate 30% or more of the voting rights of
a company or when the board of a company is seeking one or more
potential offerors, and:
(i)
the company is the subject of rumour and speculation or there
is an untoward movement in its share price; or
(ii)
the number of potential purchasers or offerors approached
is about to be increased to include more than a very restricted
number of people.
Introduction
The Code is designed principally to ensure that shareholders in an offeree
company are treated fairly and are not denied an opportunity to decide on
the merits of a takeover and that shareholders in the offeree company of
the same class are afforded equivalent treatment by an offeror. The Code
also provides an orderly framework within which takeovers are conducted.
In addition, it is designed to promote, in conjunction with other regulatory
regimes, the integrity of the financial markets...
WHEN AN ANNOUNCEMENT IS REQUIRED
An announcement is required:
(a)
when a firm intention to make an offer is notified to the board of
the offeree company by or on behalf of an offeror, irrespective of the
attitude of the board to the offer;
(b)
immediately upon an acquisition of any interest in shares which
gives rise to an obligation to make an offer under Rule 9.1. The
announcement that an obligation has been incurred should not be
delayed while full information is being obtained; additional information
can be the subject of a later supplementary announcement;
(c)
when, following an approach by or on behalf of a potential offeror to
the board of the offeree company, the offeree company is the subject of
rumour and speculation or there is an untoward movement in its share
price;
(d)
when, after a potential offeror first actively considers an offer
but before an approach has been made to the board of the offeree
company, the offeree company is the subject of rumour and speculation
or there is an untoward movement in its share price and there are
reasonable grounds for concluding that it is the potential offeror’s
actions (whether through inadequate security or otherwise) which have
led to the situation;
(e)
when negotiations or discussions relating to a possible offer are
about to be extended to include more than a very restricted number of
people (outside those who need to know in the parties concerned and
their immediate advisers); or
20.5.13
D
3
(f)
when a purchaser is being sought for an interest, or interests,
in shares carrying in aggregate 30% or more of the voting rights of
a company or when the board of a company is seeking one or more
potential offerors, and:
(i)
the company is the subject of rumour and speculation or there
is an untoward movement in its share price; or
(ii)
the number of potential purchasers or offerors approached
is about to be increased to include more than a very restricted
number of people.
Stupid like a fox
Well-Known Member
- Jun 27, 2012
- 550
- 1,011
As far as I can remember from Business finance, Rule 2.1 would only come into effect if a firm offer had been made to the club.
iluvsteffenfreund
Well-Known Member
- Nov 5, 2004
- 2,078
- 2,465
Just the legal disclosures that have to be made if there is a bid
steventhfc
See man driving a german whip.
- May 20, 2009
- 2,059
- 818
Cain Hoy are spending £400 million ALONE on property development in Islington. I think it's safe to say they're very interested in purchasing our club.
http://www.cityam.com/1410749806/cain-hoy-and-sager-lead-400m-islington-square-development
http://www.cityam.com/1410749806/cain-hoy-and-sager-lead-400m-islington-square-development
TheAmerican
Well-Known Member
- Aug 30, 2012
- 6,913
- 18,761
weststandvoice
Yes we have no bananas
- Jul 29, 2005
- 1,076
- 876
The lazy journalists really are going to town here to dupe us 
Everlasting Seconds
Well-Known Member
- Jan 9, 2014
- 14,914
- 26,616
As far as I understand, this statement is merely a routine announcement following the declared intention of Cain Hoy to acquire Tottenham Hotspur. Hoy, I believe, has been working on this for almost a year, including approaching minority share holders.
JerryGarcia
Dark star crashes...
- May 18, 2006
- 8,694
- 16,028
weststandvoice
Yes we have no bananas
- Jul 29, 2005
- 1,076
- 876
I think it's safer to say they are minted.
SargeantMeatCurtains
Your least favourite poster
- Jan 5, 2013
- 11,765
- 61,763
Were gonna win the league!
**Goes to find share certificate **
Then remembers its only for 1 share......
Jokes aside! It seems this could happen. I want to think we could improve with this! But Pompey will always stick in my head " The grass is always greener on the other side" and all that.
Then remembers its only for 1 share......
Jokes aside! It seems this could happen. I want to think we could improve with this! But Pompey will always stick in my head " The grass is always greener on the other side" and all that.
