Elections: Return of Cash
Whitbread PLC
30 June 2006
Whitbread PLC: Result of Elections in respect of Return of Cash
30 June 2006
Results of Elections in respect of Return of Cash
The Return of Cash, which was approved by Shareholders on 20 June 2006, provided
Shareholders with three alternatives in relation to their B Shares. As at the
close of the Election Period, being 3:00 p.m. on 29 June 2006, the results of
elections were as follows:
• valid elections to accept the Initial Purchase Offer were received in
relation to 81,199,220 B Shares (31.44 per cent. of issued B Shares);
• valid elections to retain B Shares were received in relation to 6,448,317 B
Shares (2.50 per cent. of issued B Shares); and
• deemed elections to accept the Single B Share Dividend were received in
relation to 170,578,730 B Shares (66.06 per cent. of issued B Shares).
It is expected that Deutsche Bank, acting as principal, will make on 3 July 2006
the Initial Purchase Offer to purchase the 81,199,220 B Shares in respect of
which valid elections have been received from Shareholders.
Whitbread will declare the Single B Share Dividend of 155 pence per B Share
payable to those Shareholders who have, or who are deemed to have, elected to
receive the Single B Share Dividend on 3 July 2006.
Settlement of the Initial Purchase Offer and Single B Share Dividend for
Shareholders is expected to be made on 6 July 2006.
Terms defined in the Circular have the same meaning when used this announcement.
For further information:
Anna Glover Tel: 01582 844439
Christopher Rogers Tel: 01582 396335
Deutsche Bank, which is regulated by the Financial Services Authority for the
conduct of designated investment business in the UK, is acting for Whitbread and
for 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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