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Whitbread plc (WTB) Ordinary 76 122/153p Shares

Sell:4,906.00p Buy:4,909.00p 0 Change: 17.00p (0.35%)
FTSE 100:0.21%
Market closed Prices as at close on 19 July 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Whitbread plc Ordinary 76 122/153p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 28 Jun 2019)

What is happening?

 

Whitbread plc has opened a Tender Offer to buy up to 24.99% of its Shares, for a total cost of up to £2 billion. The offer allows Whitbread to buy Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to £2 billion.

 

What does this mean?

 

The Tender Offer has the following features:


• The eventual purchase price will be based on an average price of the ordinary Shares over the 5 days to 19 July 2019. This is known as the volume-weighted average price (VWAP). The minimum price will be the VWAP and the maximum price will be the VWAP plus 4%, capped at £50.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set, i.e. VWAP, VWAP +1%, VWAP +2%, VWAP +3% or VWAP +4%. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any shares successfully sold.
• If you tender your shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your shares at a price lower than the eventual purchase price it is expected that your election will be satisfied in full. If you tender at the eventual purchase price you may not sell all of the Shares you ask to tender.

 

What are my options?

 

All instructions must be received in this office by noon on Thursday 18 July 2019. Cash in respect of successful tenders is expected to be paid from 30 July 2019.

 

Option 1 – Tender a number of Shares. You can choose to tender at a price between the VWAP and the VWAP plus 4% (in increments of 1% of the VWAP), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices please phone us on 0117 900 9000 to give your instruction.  

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:4,906.00p
Buy:4,909.00p
Change: 17.00p (0.35%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 19 July 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Whitbread plc Ordinary 76 122/153p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 28 Jun 2019)

What is happening?

 

Whitbread plc has opened a Tender Offer to buy up to 24.99% of its Shares, for a total cost of up to £2 billion. The offer allows Whitbread to buy Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to £2 billion.

 

What does this mean?

 

The Tender Offer has the following features:


• The eventual purchase price will be based on an average price of the ordinary Shares over the 5 days to 19 July 2019. This is known as the volume-weighted average price (VWAP). The minimum price will be the VWAP and the maximum price will be the VWAP plus 4%, capped at £50.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set, i.e. VWAP, VWAP +1%, VWAP +2%, VWAP +3% or VWAP +4%. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any shares successfully sold.
• If you tender your shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your shares at a price lower than the eventual purchase price it is expected that your election will be satisfied in full. If you tender at the eventual purchase price you may not sell all of the Shares you ask to tender.

 

What are my options?

 

All instructions must be received in this office by noon on Thursday 18 July 2019. Cash in respect of successful tenders is expected to be paid from 30 July 2019.

 

Option 1 – Tender a number of Shares. You can choose to tender at a price between the VWAP and the VWAP plus 4% (in increments of 1% of the VWAP), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices please phone us on 0117 900 9000 to give your instruction.  

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:4,906.00p
Buy:4,909.00p
Change: 17.00p (0.35%)
Market closed Prices as at close on 19 July 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Whitbread plc Ordinary 76 122/153p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 28 Jun 2019)

What is happening?

 

Whitbread plc has opened a Tender Offer to buy up to 24.99% of its Shares, for a total cost of up to £2 billion. The offer allows Whitbread to buy Shares at a ‘purchase price’ to be set, which will be the lowest price between an upper and lower limit at which they can accept tenders totalling up to £2 billion.

 

What does this mean?

 

The Tender Offer has the following features:


• The eventual purchase price will be based on an average price of the ordinary Shares over the 5 days to 19 July 2019. This is known as the volume-weighted average price (VWAP). The minimum price will be the VWAP and the maximum price will be the VWAP plus 4%, capped at £50.
• You can decide what price you want to tender (i.e. ask to sell) your Shares at within the limit set, i.e. VWAP, VWAP +1%, VWAP +2%, VWAP +3% or VWAP +4%. Or you can tender at the purchase price, i.e. whatever price is ultimately set.
• If you tender your Shares for an amount less than or equal to the eventual purchase price, you will receive the purchase price for any shares successfully sold.
• If you tender your shares for more than the purchase price your instruction will be rejected and your Shares will be returned to you.
• If you tender your shares at a price lower than the eventual purchase price it is expected that your election will be satisfied in full. If you tender at the eventual purchase price you may not sell all of the Shares you ask to tender.

 

What are my options?

 

All instructions must be received in this office by noon on Thursday 18 July 2019. Cash in respect of successful tenders is expected to be paid from 30 July 2019.

 

Option 1 – Tender a number of Shares. You can choose to tender at a price between the VWAP and the VWAP plus 4% (in increments of 1% of the VWAP), or you can tender at the Purchase Price. Any election must state the number of Shares you wish to tender.

 

Option 2 – Do nothing. You don’t have to take part in the offer. If you don’t, you’ll retain your current holding.

 

If you wish to split a tender between different prices please phone us on 0117 900 9000 to give your instruction.  

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
4,900.00p
Trade high:
4,922.00p
Year high:
5,162.00p
Market capitalisation
Market cap.
:
£8.52 bn
Previous close:
4,885.00p
Trade low:
4,861.00p
Year low:
3,870.00p
P/E ratio:
29.16
Previous:
15.00p (0.31%)
Previous:
15.00p
Volume:
1,438,107
Dividend yield:
2.03%
EMS:
500
Data delayed by at least 15 minutes.

Performance

1 week 1W 2.34% 1 year 1Y 22.12%
1 month 1M 5.99% 2 years 2Y 25.63%
3 months 3M 1.36% 3 years 3Y 33.39%
6 months 6M 1.7% 5 years 5Y 15.72%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Fundamental data

Year ending: 28/02/2019 01/03/2018
Revenue (£m) 2,049.10 3,295.10
Profit before tax (£m) 259.80 548.40
Adjusted EPS (p): 167.50 260.00
P/E ratio 29.00 14.80
PEG n/a 1.00
EPS growth (%) (36.00) 15.00

Values are quoted in the stock's local currency: British pound

All fundamental data

Recent dividends paid or declared by Whitbread plc:

Type Ex-div date Payment date Amount
Final 30/05/2019 05/07/2019 67.00p
Interim 08/11/2018 14/12/2018 32.65p
Final 24/05/2018 04/07/2018 69.75p
Interim 09/11/2017 15/12/2017 31.40p
Final 25/05/2017 30/06/2017 65.90p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Whitbread plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
28/02/2019 1.80% 1.94 99.65p
01/03/2018 2.60% 2.57 101.15p
03/01/2018 3.00% 1.89 n/a
02/03/2017 2.50% 2.56 95.80p
03/03/2016 2.40% 2.64 90.35p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents

There are no documents available for this stock.

Broker forecasts

Breakdown
Consensus
Today
Forecast today
Forecast 3 months ago
3 months ago
Broker forecast thermometer
Consensus
Today
Forecast today
Forecast 3 months ago
3 months ago
Broker forecast thermometer
  • Strong Sell
    (0 of 9)
  • Sell
    (1 of 9)
  • Neutral
    (6 of 9)
  • Buy
    (0 of 9)
  • Strong Buy
    (2 of 9)

This is not a recommendation, it represents the consensus view of a basket of brokers. If fewer than 5 brokers it may not be a valid consensus. HL might not concur and takes no responsibility.

Full broker forecasts
Time / date Time Buy / sell Type Volume Price Value
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.