Whitbread: Costa Gets 120.4 Million Coffeeheaven Shares Acceptances
February 25 2010 - 7:15AM
Dow Jones News
Whitbread PLC (WTB.LN) said Thursday that on Feb. 24, Costa had
received valid acceptances from coffeeheaven Shareholders in
respect of 120,437,221 coffeeheaven shares representing 90.23% of
the existing issued share capital of coffeeheaven (COH.LN).
MAIN FACTS:
-These acceptances include acceptances received in respect of
26,220,997 coffeeheaven Shares (representing 19.65% of the existing
issued share capital of coffeeheaven) which were subject to
irrevocable commitments procured by Costa from all of the
coffeeheaven Directors and certain other shareholders including
Diggle Investments Limited.
-Costa will exercise its rights pursuant to the provisions of
Part 28 of the 2006 Act to acquire compulsorily all of the
outstanding coffeeheaven Shares which it does not already hold or
has not already acquired, contracted to acquire or in respect of
which it has not already received valid acceptances.
-By Iain Packham, Dow Jones Newswires; +44-20-7842-9269;
iain.packham@dowjones.com
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