Debenture Redemption
August 31 2007 - 8:06AM
UK Regulatory
RNS Number:0931D
Whitbread Group PLC
31 August 2007
Whitbread Group PLC
31 August 2007
STOCK EXCHANGE ANNOUNCEMENT
WHITBREAD GROUP PLC
(the "Issuer")
Notice of pricing in relation to the redemption of the #200,484,515 11.625 per
cent. Debenture Stock due 2011 (ISIN: GB0009605915) issued by the Issuer and
presently outstanding (the "Series 1 Stock", as held by the "Series 1
Stockholders") and the #100,000,000 8.125 per cent. Debenture Stock due 2021
(ISIN: GB0009603423) issued by the Issuer and presently outstanding (the "Series
2 Stock", as held by "Series 2 Stockholders") (together, the "Stock", as held by
the "Stockholders")
Pursuant to the terms and subject to the conditions of the Series 1 Stock and
the Series 2 Stock, as amended by those extraordinary resolutions of each of the
Series 1 Stockholders and Series 2 Stockholders (each an "Extraordinary
Resolution") passed on 30 August 2007, all of the Stock shall be redeemed on 6
September 2007.
Those Stockholders who submitted valid proxies in respect of the relevant
Extraordinary Resolution prior to the early response deadline of 4.00 p.m. on 20
August 2007 shall be entitled to the Early Response Redemption Price set out
below in respect of their Stock, calculated in the manner described in the
relevant Extraordinary Resolution, and all other Stockholders shall be entitled
to the Redemption Price set out below in respect of their Stock, as also
calculated in the manner described in the relevant Extraordinary Resolution.
At 11 a.m. today, The Royal Bank of Scotland plc, as solicitation agent in
relation to the redemption of the Stock, calculated:
* the Early Response Redemption Price as #1,190.08 per #1,000 nominal of
Series 1 Stock;
* the Redemption Price as #1,186.66 per #1,000 nominal of Series 1 Stock;
* the Early Response Redemption Price as #1,282.62 per #1,000 nominal of
Series 2 Stock; and
* the Redemption Price as #1,270.96 per #1,000 nominal of Series 2 Stock.
Issuer: Trustee:
Whitbread Group PLC The Law Debenture Trust Corporation Plc
Whitbread Court Fifth Floor
Houghton Hall Business Park 100 Wood Street
Dunstable LU5 5XE London EC2V 7EX
Tel: +44 (0) 152 889346
Attn: Daren Lowry
Solicitation Agent: Registrar:
The Royal Bank of Scotland Capita Registrars
135 Bishopsgate Northern House
London EC2M 3UR Woodsome Park
Tel: +44 (0) 20 7085 8056/3781 Fenay Bridge
Attn: Andrew Burton or Gianmarco Deiana Huddersfield HD8 0LA
Tel: +44 (0) 870 162 3121
Attn: Corporate Actions
CE072110073
This information is provided by RNS
The company news service from the London Stock Exchange
END
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