None of the Directors who served during the year held a beneficial interest in the ordinary share capital of the Company at 30 June 2010. Daniel Levy and certain members of his family are potential beneficiaries of a discretionary trust which ultimately owns 29.41% of the share capital of ENIC International Limited (ENIC). At the year end ENIC held 93,986,990 ordinary shares representing 76% of those in issue and 56,214 convertible redeemable preference shares, representing 97% of those in issue. During the year there was a placing of an additional 30 million ordinary shares of which ENIC acquired 27.8 million. Accordingly, ENIC has a fully diluted beneficial interest in Tottenham Hotspur plc of 85% at the time of signing these financial statements. Except as noted above, none of the Directors has any other interests in the share capital of Tottenham Hotspur plc or any of its subsidiaries. Matthew Collecott is a trustee of the Tottenham Hotspur Foundation, an unpaid position to assist the direction and performance of the Charity. Details of the Directors’ remuneration are given in the Remuneration Report on pages 29 and 30. Directors’ interests in contracts are disclosed in note 25.
Disclosure of information to the auditors
In the case of each of the persons who are Directors of the Company at the date when this report was approved: • so far as each of the Directors is aware, there is no relevant audit information (as defined by the Companies Act 2006) of which the Company’s auditors are unaware; and • each of the Directors has taken all of the steps that he ought to have taken as a Director to make himself aware of any relevant audit information (as defined) and to establish that the Company’s auditors are aware of that information. This information is given and should be interpreted in accordance with the provision of s418 of the Companies Act 2006.
The Company has received the following notification of holdings of 3% or more of the share capital of the Company as at 8 November 2010:
Ordinary shares % Number Convertible redeemable preference shares % Number
ENIC International Limited
Charitable and political donations
The Group made cash donations of £11,960 to international, UK-based and local charities during the year (2009: £26,450). The Group made no political donations during the year (2009: £nil). The Group made contributions with a value in excess of £0.5 million to the Tottenham Hotspur Foundation during the year. In addition, the Group makes many other contributions of Tottenham Hotspur Football Club memorabilia to local registered charities, especially in the Haringey and Enfield districts and adjacent catchment areas.
Applications for employment by disabled persons are always considered fully, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the Group continues and appropriate training is arranged. It is the policy of the Group that the training, career development and promotion of disabled people, should as far as possible, be identical to that of other employees.
The Group places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the Group. This is achieved by departmental meetings and intranet notices.
Supplier payment policy
The Group’s policy on payment of creditors is to negotiate payment terms when agreeing the terms of each transaction. In the majority of cases this involves payment within 30 days of the invoice date; however, where discounts are available it is generally the policy to pay earlier and benefit accordingly. Trade creditors at 30 June 2010 represented 56 days (2009: 43 days) of annual purchases. This figure excludes contracted creditors in respect of player purchases and capital costs w