Does anybody know when Whitbread will announce how much investors will receive from the Costa sell off?
Iām sure it was meant to be by now but have heard nothingā¦
Does anybody know when Whitbread will announce how much investors will receive from the Costa sell off?
Iām sure it was meant to be by now but have heard nothingā¦
They will buy back their own shares with the proceeds. Ā£2B scheme to buy back shares.
I was under the impression that shareholders will be receiving a dividend?
We can still expect 2-3% divvy per annum (hopefully growing dividends).
If shareholderās are to receive dividends from costa proceeds, then you can deduct that cash from their market value. Share Price will have to adjust massively.
OK Iām a little confused then, what does this mean:
- A significant majority of net cash proceeds intended to be returned to shareholders
Taken from here
Costa is the only good thing about Whitbread.
One way to return value to shareholders is to ābuy backā i.e. lower supply of shares in market, increase EPS, the other way is cash dividends which is what youāre asking. Not entirely sure about their wordings though. Maybe worth speaking to their investor relations?
OK will do that
Thanks for the replies/ info
OK so the net cash proceeds will be the buybacks?
Edit: thanks for finding this