15th Jan 2007 16:04
Whitbread PLC15 January 2007 Whitbread PLC 15 January 2007 Transaction in Own Shares Initial Purchase of C Shares The terms of the Return of Cash approved by Shareholders on 18 December 2006enables Shareholders to sell some or all of their C Shares at 159 pence per CShare, free of all dealing expenses and commissions, through the InitialPurchase Offer made by Deutsche Bank. Elections to accept the Initial PurchaseOffer were received in respect of 92,531,681 C Shares, representingapproximately 42 per cent. of the C Shares. These C Shares have been purchasedby the Company from Deutsche Bank for an amount equal to 159 pence per C Shareplus an amount equal to the total stamp duty and stamp duty reserve tax paid byDeutsche Bank in respect of its purchase of C Shares and will be cancelled byWhitbread after purchase. The remaining 127,585,135 C Shares, representing approximately 58 per cent. ofthe C Shares arising pursuant to the Capital Reorganisation, will continue to bein issue. Terms defined in the Circular to Shareholders dated 24 November 2006 have thesame 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