Whitbread PLCLSE: WTB

Whitbread: Statement re Corvex

· Issued by Whitbread PLC via RNS

Summary by 6ix AI

Whitbread PLC said on October 26, 2026 that proxy advisers ISS and PIRC, firms that advise shareholders on how to vote, have recommended that shareholders vote against Corvex's proposal to appoint a director to the Whitbread Board.

Key details

  • Another proxy adviser, Glass Lewis, has recommended in favour of Corvex's proposal; Whitbread says Glass Lewis agreed with most of the company's key arguments.
  • The Whitbread Board's view is that Corvex's proposal is unnecessary and risks disrupting execution of Whitbread's Five-Year Plan.
  • Whitbread says it continues to engage extensively with shareholders.

What’s still pending

  • The shareholder vote on Corvex's proposal has not yet taken place.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/statement-re-corvex

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Whitbread PLC
26 October 2026
 

26 October 2026

ISS and PIRC support the Whitbread Board advising investors to vote against the Corvex proposal

Whitbread PLC (‘Whitbread’) is pleased to note that leading independent proxy advisers ISS and PIRC have recommended that shareholders vote AGAINST the Corvex proposal to appoint a director to the Whitbread Board.

ISS and PIRC's recommendations reinforce the Board's view that Corvex's proposal is unnecessary and risks disrupting execution of Whitbread's Five-Year Plan at a time when the strategy is already delivering early results, as demonstrated by the Company's recent half-year results.

While Glass Lewis has recommended in favour of Corvex's proposal, Whitbread notes that Glass Lewis agreed with most of the Company's key arguments put forward. Whitbread continues to engage extensively with shareholders and is encouraged by the support it is receiving.

For more information please contact:

Investor Relations - Whitbread         investorrelations@whitbread.com

Peter Reynolds, Director of Investor Relations           peter.reynolds@whitbread.com

Kirsten O’Reilly, Head of Investor Relations             kirsten.oreilly@whitbread.com

Media – Brunswick            whitbread@brunswickgroup.com

Tim Danaher                   +44 (0) 20 7404 5959

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