Home Business News Whitbread returns £2.5bn to shareholders

Whitbread returns £2.5bn to shareholders

by LLB Reporter
22nd Jul 19 11:13 am

Whitbread Premier Inn owner said following the sale of Costa Coffee to Coca-Cola last year they have completed a capital return programme to return £2.5bn back to their shareholders.

£2bn will be returned to shareholders via a purchase of their own share price at 4,972p per share, after the completion of the £3.9bn sale of Costa.

Proceeds of the deal will also be used to boost the company pension fund and pay down debt.

In early morning trading shares sank over the return news by 1.6% to 4,825p.

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