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The latest update is out from Whitbread ( (GB:WTB) ).
Whitbread PLC has announced a significant change in its share structure by converting its B and C non-cumulative preference shares into ordinary shares. This conversion has resulted in the creation of 205,588 new ordinary shares and the cancellation of 6,510,506 deferred shares. The new ordinary shares are set to be listed on the London Stock Exchange, with admission expected by December 19, 2024. This move streamlines Whitbread’s capital structure, potentially enhancing its market liquidity and simplifying shareholder communication.
More about Whitbread
YTD Price Performance: -16.88%
Average Trading Volume: 785,175
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.16B
See more insights into WTB stock on TipRanks’ Stock Analysis page.