Whitbread (GB:WTB) has released an update.
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Whitbread PLC is set to streamline its capital structure by converting all outstanding B and C non-cumulative preference shares into ordinary shares. This move aims to enhance liquidity for shareholders and is scheduled for completion by mid-December 2024, with the new ordinary shares expected to commence trading soon after. Investors will also receive final dividends for B and C shares prior to the conversion.
For further insights into GB:WTB stock, check out TipRanks’ Stock Analysis page.