3rd Jul 2006 14:15
Whitbread PLC03 July 2006 Whitbread PLC: Transaction in Own Shares 3 July 2006 Whitbread PLC Transaction in Own Shares Initial Purchase of B Shares The terms of the Return of Cash approved by Shareholders on 26 May 2006 enablesShareholders to sell some or all of their B Shares at 155 pence per B Share,free of all dealing expenses and commissions, through the Initial Purchase Offermade by Deutsche Bank. Elections to accept the Initial Purchase Offer werereceived in respect of 81,199,220 B Shares, representing approximately 31.44 percent. of the B Shares. These B Shares have been purchased by the Company fromDeutsche Bank for an amount equal to 155 pence per B Share plus an amount equalto the total stamp duty and stamp duty reserve tax paid by Deutsche Bank inrespect of its purchase of B Shares and will be cancelled by Whitbread afterpurchase. The remaining 6,448,317 B Shares, representing approximately 2.50 per cent. ofthe B Shares arising pursuant to the Capital Reorganisation, will continue to bein issue. Terms defined in the Circular to Shareholders dated 26 May 2006 have the samemeaning when used this announcement. For further information: Anna Glover Tel: 01582 844439Christopher Rogers Tel: 01582 396335 Deutsche Bank, which is regulated by the Financial Services Authority for theconduct of designated investment business in the UK, is acting for Whitbread andfor no one else in connection with the Return of Cash and will not beresponsible for anyone other than Whitbread for providing the protectionsafforded to clients of Deutsche Bank or for providing advice in relation to theReturn of Cash. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Whitbread