Whitbread plc (LSE:WTB) announces a share repurchase program. Under the program, the company has entered into a non-discretionary and irrevocable instruction with Morgan Stanley to repurchase up to £150 million worth of its shares. The purpose of the program is to reduce the capital of Whitbread by returning surplus capital to shareholders and it is expected that the implementation of the program will enhance earnings per share.

The program will end no later than October 14, 2024.