LONDON - Whitbread (LON:WTB) PLC announced today the completion of its planned conversion of B Shares and C Shares into Ordinary Shares. The conversion, which was initially communicated on November 22, 2024, has resulted in the creation of 205,588 new Ordinary Shares and the cancellation of 6,510,506 deferred shares.
The company, following its articles of association, has effectively eliminated its B and C non-cumulative preference shares, as well as the associated deferred shares. With the conversion complete, Whitbread no longer has any B Shares, C Shares, or deferred shares issued.
Whitbread has applied for the newly created Ordinary Shares to be listed on the Financial Conduct Authority's Official List and to be traded on the London Stock Exchange (LON:LSEG)'s main market. The expected date for these shares to begin trading is no later than 8.00 a.m. on December 19, 2024.
Post-conversion, Whitbread's issued share capital comprises 188,875,752 Ordinary Shares, with 12,454,718 held in treasury. Consequently, the total number of voting rights in the company now stands at 176,421,034. This figure is significant for shareholders who need to disclose changes in their shareholding in compliance with the FCA's Disclosure Guidance and Transparency Rules.
The information provided in this article is based on a press release statement issued by Whitbread PLC.
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