14th Nov 2005 07:11
Whitbread PLC14 November 2005 14 November 2005 Whitbread notes Britvic intention to float Whitbread PLC ("Whitbread") notes today's announcement from Britvic plc ("Britvic") of its intention to proceed with an offer of ordinary shares toinstitutional investors in the United Kingdom and elsewhere (the "Offer").Britvic is one of the two leading soft drinks businesses in Great Britain. Whitbread has a 23.75% interest in Britannia Soft Drinks Limited ("BSD"), ofwhich Britvic plc will become the holding company. In the financial year to 3March 2005, Whitbread accounted for BSD as an associate and reported (under UKGAAP) its share of operating profit before interest and tax and net assetsrelating to BSD as £17.4m and £58.6m respectively. As a result of the Offer, Whitbread will dispose of all or part of its 23.75%interest in BSD. A further announcement will be made when the final Offer priceand size, and resulting proceeds, have been determined. Enquiries: Whitbread PLC: Investor Queries: Christopher Rogers Tel: 01582 396335 Media Enquiries: Andrew Honnor Tulchan Tel: 0207 353 4200 The securities mentioned herein have not been, and will not be, registered underthe U.S. Securities Act of 1933 (the "Securities Act"), and may not be offeredor sold in the United States (as such term is defined in Regulation S under theSecurities Act) unless they are registered under the Securities Act or pursuantto an exemption from registration This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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