8th Jan 2007 07:00
Whitbread PLC08 January 2007 Whitbread PLC 7.00 a.m. 8 January 2007 Listing of New Ordinary Shares Following Shareholder approval of the Return of Cash on 18 December 2006, it isexpected that New Ordinary Shares in Whitbread PLC will be admitted to theOfficial List maintained by the London Stock Exchange and will commence tradingat 8:00 a.m. today. As soon as this occurs Whitbread will allot and issue toeach of its Existing Ordinary Shareholders one C Share for each ExistingOrdinary Share held on 5 January 2007 at 5:00 pm. Further details of the Returnof Cash are contained in the Circular to Shareholders dated 24 November 2006(the 'Circular'). On admission, a total of 196,700,134 New Ordinary Shares of 76122/153 pence each(excluding those held as treasury shares) and 220,969,325 C Shares of 1 pennyeach will be in issue and 761,816 New Ordinary Shares will be held as treasuryshares. As detailed in the Circular the Company issued 27 Existing Ordinary Shares toits Company Secretary, on 2 January 2007 so that the Company's issued sharecapital is exactly divisible by 47. The Company Secretary will after 18 January2007 surrender 24 New Ordinary Shares, 27 Deferred Shares (which will becancelled by the Company) and the monies received as a result of receiving theSingle C Share Dividend and the sale of proceeds of his fractional entitlementto the Company. 852,509 C Shares will be issued to Whitbread in respect of the 852,509 ExistingOrdinary Shares held as treasury shares. The C Shares held as treasury shareswill be cancelled straight after they have been issued to Whitbread. Application has also been made to the Financial Services Authority and theLondon Stock Exchange for the listing of 199,961,950 New Ordinary Shares of76122/153 pence each to trade on the London Stock Exchange and to be admitted tothe Official List upon issuance. Included in these figures are the blocklisting of 1,000,000 shares that may be issued under the Whitbread ExecutiveApproved and Unapproved Share Option Schemes and 1,500,000 shares that may beissued under the Whitbread Savings-Related Share Option Scheme. Terms defined in the Circular have the same meaning when used this announcement. For further information: Anna Glover - Corporate Communications Director - Tel: 01582 844439 Christopher Rogers - Group Finance Director - Tel: 0207 806 5491 Whitbread PLC is one of the UK's leading hospitality companies, managingbusinesses in the budget hotels, restaurant and health & fitness sectors,including Premier Travel Inn, Brewers Fayre, Beefeater, Costa and David LloydLeisure. Whitbread's strategy is to create value for our shareholders by focusinginvestment and growing in expanding sectors of the hospitality industry,primarily in the UK but also in selected overseas markets. In the financial year to March 2, 2006, Whitbread generated pre-tax,pre-exceptional profit of £181.1m. Founded in 1742, the company is listed onthe London Stock Exchange (as WTB.L) and is a member of the FTSE4Good indices. Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche Bankis acting for Whitbread and no-one else in connection with the return of cashand will not be responsible for anyone other than Whitbread for providing theprotections afforded to clients of Deutsche Bank or for providing advice inrelation to the return of cash. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Whitbread