Business
Results of Rights Issue
Results of Rights Issue.
About this update from Whitbread Plc
[{"type":"text","content":"\n \n \n RNS Number : 5061P\n Whitbread PLC\n 10 June 2020\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, UNITED ARAB EMIRATES, JAPAN, SINGAPORE, SOUTH AFRICA, AND ANY OTHER JURISDICTION WHERE THE EXTENSION OR AVAILABILITY OF THE RIGHTS ISSUE (AND ANY OTHER TRANSACTION CONTEMPLATED THEREBY) WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\n \n NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS ISSUE. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY NIL PAID RIGHTS, FULLY PAID RIGHTS OR NEW ORDINARY SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS.\n \n 10 June 2020\n WHITBREAD PLC\n RESULTS OF RIGHTS ISSUE\n Whitbread PLC (\"Whitbread\" or the \"Company\") today announces that the 1 for 2 Rights Issue of 67,277,416 New Ordinary Shares at 1,500 pence per New Ordinary Share announced on 21 May 2020 closed for acceptances at 11:00 a.m. on 9 June 2020. The Company received acceptances in respect of 61,452,547 New Ordinary Shares, representing approximately 91.4 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.\n It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities at 8:00 a.m. on 10 June 2020.\n It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts by no later than today and that definitive share certificates in respect of New Ordinary Shares held in certificated form will be despatched by no later than 23 June 2020.\n In accordance with their obligations as Joint Bookrunners, J.P. Morgan Cazenove and Morgan Stanley will use reasonable endeavours to procure, on behalf of the Company, by no later than 4.30 p.m. on 11 June 2020, acquirers for all (or as many as possible) of the remaining 5,824,869 New Ordinary Shares not accepted, failing which the Joint Bookrunners have agreed to acquire, on a several basis, or procure that sub-underwriters acquire, any remaining New Ordinary Shares.\n The net proceeds (if any) from the placing of such New Ordinary Shares (after the deduction of the Rights Issue Price of 1,500 pence per New Ordin...