Offer Update
September 25 2009 - 2:54AM
UK Regulatory
TIDMBMC
RNS Number : 6616Z
Grandtop International Holdings Ltd
25 September 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
For immediate release25 September 2009
Grandtop International Holdings Limited ("Grandtop")
Offer Update
Update regarding Premier League approval
Reference is made to the announcement from Grandtop dated 21 August 2009 in
relation to, among other things, the proposed conditional offer by Grandtop to
acquire all the issued and to be issued share capital of Birmingham City PLC not
already held by Grandtop (the "Offer"). The Offer was set out in the Offer
Document dated 15 September 2009 and the accompanying Form of Acceptance. Terms
used herein shall have the same meanings as defined in the Offer Document.
The Premier League has confirmed to Grandtop that it has no objection to
Grandtop increasing its stake in Birmingham City PLC to over 30%. The Premier
League has also confirmed that Carson Yeung Ka Sing and Vico Hui Ho Luek qualify
for appointment as Directors of Birmingham City FC and that their appointment as
Directors of the Club may, so far as the Premier League is concerned, proceed.
Birmingham City Shareholders wishing to accept the Offer should do so no later
than 1.00 p.m. on 6 October 2009, the First Closing Date in accordance with the
instructions set out in the Offer Document, and where appropriate, the
accompanying Form of Acceptance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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