Whitbread PLC (WTB.LN) said Thursday that on Feb. 24, Costa had received valid acceptances from coffeeheaven Shareholders in respect of 120,437,221 coffeeheaven shares representing 90.23% of the existing issued share capital of coffeeheaven (COH.LN).

MAIN FACTS:

-These acceptances include acceptances received in respect of 26,220,997 coffeeheaven Shares (representing 19.65% of the existing issued share capital of coffeeheaven) which were subject to irrevocable commitments procured by Costa from all of the coffeeheaven Directors and certain other shareholders including Diggle Investments Limited.

-Costa will exercise its rights pursuant to the provisions of Part 28 of the 2006 Act to acquire compulsorily all of the outstanding coffeeheaven Shares which it does not already hold or has not already acquired, contracted to acquire or in respect of which it has not already received valid acceptances.

-By Iain Packham, Dow Jones Newswires; +44-20-7842-9269; iain.packham@dowjones.com
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