12th Jan 2007 16:05
Whitbread PLC12 January 2007 Whitbread PLC 12 January 2007 Result of Elections in respect of Return of Cash The Return of Cash, which was approved by Shareholders on 18 December 2006,provided Shareholders with three choices in relation to their C Shares. As atthe close of the Election Period, being 3:00 p.m. on 11 January 2007, theresults of elections were as follows: • valid elections to accept the Initial Purchase Offer were received in relation to 92,531,681 C Shares (42.04 per cent. of issued C Shares); • valid elections to retain C Shares were received in relation to 4,603,700 C Shares (2.09 per cent. of issued C Shares); and • deemed elections to accept the Single C Share Dividend were received in relation to 122,981,435 C Shares (55.87 per cent. of issued C Shares). It is expected that Deutsche Bank, acting as principal, will make on 15 January2007 the Initial Purchase Offer to purchase the 92,531,681 C Shares in respectof which valid elections have been received from Shareholders. Whitbread will declare the Single C Share Dividend of 159 pence per C Sharepayable to those Shareholders who have, or who are deemed to have, elected toreceive the Single C Share Dividend on 15 January 2007. Settlement of the Initial Purchase Offer and Single C Share Dividend forShareholders is expected to be made on 18 January 2007. 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