Whitbread PLC
29 June 2007
Whitbread PLC
29 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 of
its B Shares outlining a proposed purchase offer in relation to its B Shares to
be made by Deutsche Bank AG, London Branch ('Deutsche Bank'), subject to certain
conditions (the 'Further Purchase Offer').
The B Shares were created pursuant to the return of £400 million of cash
approved by Shareholders on 20 June 2006, details of which were contained in the
Circular to Shareholders dated 26 May 2006 (the 'Circular'). The Return of Cash
provided Shareholders with three alternatives in relation to their B Shares. As
a result of elections made by Shareholders in June 2006, there are currently
6,448,317 B Shares outstanding.
As at 4:30pm on 28 June 2007 (being the latest time for receipt of elections in
respect of the Further Purchase Offer), valid elections to accept the Further
Purchase 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 Further
Purchase Offer to purchase the 4,475,529 B Shares in respect of which valid
elections 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 this
announcement.
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 the
Financial Services Authority, is acting exclusively for Whitbread and no-one
else in connection with the Further Purchase Offer 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 Further
Purchase Offer.
This information is provided by RNS
The company news service from the London Stock Exchange
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