Sign In
6 Jan 2017 07:00
6 January 2017
Action Hotels plc
("Action")
Amendment to Warrant Instrument
Action Hotels plc, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, announces that it has amended the terms of a warrant instrument dated 17 December 2013 which constituted warrants to subscribe for 3,690,930 ordinary shares in the capital of Action at a price of 64 pence per share at any time prior to 23 December 2016 (the "Warrants"). The Warrants, which are freely transferrable, were issued at the time of Action's Admission to AIM to Omada Investment Management Limited, a Company which provides consultancy services to Action.
The only amendment to the terms of the Warrants was to extend the period during which they could be exercised to 23 December 2021. All other terms of the Warrants remain the same.
For more information, contact:
Action Hotels PLC | Tel: +44 (0) 20 7907 9663 | |
Alain Debare, Chief Executive Officer | ||
Katie Shelton, Director of Corporate Affairs | ||
Zeus Capital plc (NOMAD & Broker) | |
Dan Bate / Jonathan Sharp | Tel: +44 (0) 16 1831 1512 |
Victoria Ayton | Tel: +44 (0) 20 3829 5000 |
Camarco (Press enquiries) | ||||
Jennifer Renwick / Tom Huddart | Tel: +44 (0) 20 3757 4994 | |||
| ||||
| ||||
Notes to Editors
Action Hotels PLC
Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has 12 completed hotels with 2,181 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.
More information is available at http://www.actionhotels.com/
Follow the stocks
