Whitbread PLC
08 January 2007
Whitbread PLC
7.00 a.m. 8 January 2007
Listing of New Ordinary Shares
Following Shareholder approval of the Return of Cash on 18 December 2006, it is
expected that New Ordinary Shares in Whitbread PLC will be admitted to the
Official List maintained by the London Stock Exchange and will commence trading
at 8:00 a.m. today. As soon as this occurs Whitbread will allot and issue to
each of its Existing Ordinary Shareholders one C Share for each Existing
Ordinary Share held on 5 January 2007 at 5:00 pm. Further details of the Return
of Cash are contained in the Circular to Shareholders dated 24 November 2006
(the 'Circular').
On admission, a total of 196,700,134 New Ordinary Shares of 76122/153 pence each
(excluding those held as treasury shares) and 220,969,325 C Shares of 1 penny
each will be in issue and 761,816 New Ordinary Shares will be held as treasury
shares.
As detailed in the Circular the Company issued 27 Existing Ordinary Shares to
its Company Secretary, on 2 January 2007 so that the Company's issued share
capital is exactly divisible by 47. The Company Secretary will after 18 January
2007 surrender 24 New Ordinary Shares, 27 Deferred Shares (which will be
cancelled by the Company) and the monies received as a result of receiving the
Single C Share Dividend and the sale of proceeds of his fractional entitlement
to the Company.
852,509 C Shares will be issued to Whitbread in respect of the 852,509 Existing
Ordinary Shares held as treasury shares. The C Shares held as treasury shares
will be cancelled straight after they have been issued to Whitbread.
Application has also been made to the Financial Services Authority and the
London Stock Exchange for the listing of 199,961,950 New Ordinary Shares of
76122/153 pence each to trade on the London Stock Exchange and to be admitted to
the Official List upon issuance. Included in these figures are the block
listing of 1,000,000 shares that may be issued under the Whitbread Executive
Approved and Unapproved Share Option Schemes and 1,500,000 shares that may be
issued under the Whitbread Savings-Related Share Option Scheme.
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, managing
businesses in the budget hotels, restaurant and health & fitness sectors,
including Premier Travel Inn, Brewers Fayre, Beefeater, Costa and David Lloyd
Leisure.
Whitbread's strategy is to create value for our shareholders by focusing
investment 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 on
the 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 UK
commodity derivatives business by the Financial Services Authority; regulated by
the Financial Services Authority for the conduct of UK business. Deutsche Bank
is acting for Whitbread and no-one else in connection with the return of cash
and will not be responsible for anyone other than Whitbread for providing the
protections afforded to clients of Deutsche Bank or for providing advice in
relation to the return of cash.
This information is provided by RNS
The company news service from the London Stock Exchange
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