Response to Press Speculation
27/08/2009 2:32pm
UK Regulatory
TIDMBMC
Birmingham City plc ("Birmingham" or the "Company")
The Company notes the recent press speculation that Mr Carson Yeung
was making funds available to Birmingham City to acquire players.
Birmingham City Football Club (the Company's subsidiary) wishes to
confirm that it has not received any loan from Carson Yeung to fund
the acquisition of players, and has received confirmation today that
no such loan will be made prior to the end of the transfer window.
The Company has been informed by Grandtop International Holdings
Limited ("Grandtop") that there are regulatory restrictions which
arise from the granting of such a loan and that these would prevent
Mr Yeung from participating in the approval of the proposed
acquisition of Birmingham by Grandtop's shareholders, which is a
condition of the offer, announced by Grandtop on 21 August 2009
Enquiries:
Birmingham City plc 0844 557 1875
Karren Brady
Roger Bannister
Shore Capital and Corporate Limited 020 7408 4090
Graham Shore
Stephane Auton
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