29th Jun 2007 10:02
Whitbread PLC29 June 2007 Whitbread PLC29 June 2007 Whitbread PLC: Result of Elections in respect of Further Purchase Offer 29 June 2007 Results of Elections in respect of Further Purchase Offer Whitbread announced on 7 June 2007 that it had sent a letter to the holders ofits B Shares outlining a proposed purchase offer in relation to its B Shares tobe made by Deutsche Bank AG, London Branch ("Deutsche Bank"), subject to certainconditions (the "Further Purchase Offer"). The B Shares were created pursuant to the return of £400 million of cashapproved by Shareholders on 20 June 2006, details of which were contained in theCircular to Shareholders dated 26 May 2006 (the "Circular"). The Return of Cashprovided Shareholders with three alternatives in relation to their B Shares. Asa result of elections made by Shareholders in June 2006, there are currently6,448,317 B Shares outstanding. As at 4:30pm on 28 June 2007 (being the latest time for receipt of elections inrespect of the Further Purchase Offer), valid elections to accept the FurtherPurchase Offer were received in relation to 4,475,529 B Shares (69.4 per cent.of the outstanding B Shares). It is expected that Deutsche Bank, acting as principal, will make the FurtherPurchase Offer to purchase the 4,475,529 B Shares in respect of which validelections have been received from Shareholders on 2 July 2007.Settlement of the Further Purchase Offer is expected to be made on 5 July 2007.Terms defined in the Circular have the same meaning when used in thisannouncement. For further information: Simon Barratt - Company Secretary - Tel: 020 7806 5492 Rachael Chandler - Company Secretarial Assistant - Tel: 01582 889 337 Deutsche Bank, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for Whitbread and no-oneelse in connection with the Further Purchase Offer and will not be responsiblefor anyone other than Whitbread for providing the protections afforded toclients of Deutsche Bank or for providing advice in relation to the FurtherPurchase Offer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Whitbread