Business
Successful Placing of Rights Issue Rump
Successful Placing of Rights Issue Rump.
About this update from Whitbread Plc
[{"type":"text","content":"\n \n \n RNS Number : 5466P\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 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 10 June 2020\n WHITBREAD PLC\n SUCCESSFUL PLACING OF RIGHTS ISSUE RUMP\n Following the announcement earlier today regarding acceptances under the fully underwritten 1 for 2 Rights Issue announced by Whitbread PLC (the \"Company\") on 21 May 2020, the Company confirms that J.P. Morgan Cazenove and Morgan Stanley, in their capacity as Joint Bookrunners, have successfully procured subscribers for all of the 5,824,869 New Ordinary Shares for which acceptances were not received, representing approximately 8.6 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue, at a price of 2,550 pence per New Ordinary Share.\n The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 1,500 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage commissions, currency conversion costs and any amounts in respect of value added tax which are not recoverable) will be paid (without interest) to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.\n Defined terms in this announcement shall have the same meanings as in the prospectus dated 21 May 2020 (the \"Prospectus\"), unless the context requires otherwise.\n For further information, please contact:\n \n \n \n Whitbread PLC\n \n \n [email protected]\n \n \n \n \n \n J.P. Morgan Cazeno...