25 May 2017 07:00
This announcement contains inside information
Elegant Hotels Group plc
Board appointment
25 May 2017: The Board of Elegant Hotels Group plc ("Elegant Hotels" or the "Group"), the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, is pleased to announce that Luke Johnson has been appointed as a non-executive director of the Group with immediate effect.
Luke Johnson is the Chairman of private equity house Risk Capital Partners LLP, and his extensive range of other public and private company roles include the chairmanships of Patisserie Holdings PLC, The Brighton Pier Group PLC, Arden Partners PLC, Bread Ltd, Neilson Active Holidays Ltd, The Draft House and Small Batch Coffee. Previous chairmanships have included Channel 4 Television Corporation, PizzaExpress, and Giraffe Restaurants.
Luke Johnson holds 11,100,000 ordinary shares, representing approximately 12.5 per cent. of Elegant Hotels' issued share capital.
Simon Sherwood, Chairman of Elegant Hotels, commented: "We are delighted to be welcoming someone of Luke's calibre and experience to the Board of Elegant Hotels. His wealth of leisure industry knowledge and his outstanding track record of helping companies to achieve their ambitious growth plans will be hugely additive to the Group as it continues to carry out its expansion programme in Barbados and the wider Caribbean. We see significant potential for continuing to enhance the food and beverage offering within our portfolio, and Luke's expertise in that sector will therefore be particularly valuable."
For further information:
Elegant Hotels Group plc | +1 246 432 6500 |
Sunil Chatrani, Chief Executive Officer Jeff Singleton, Chief Financial Officer
| |
Zeus Capital Limited (NOMAD and Joint Broker) | +44 (0) 203 829 5000 |
Dan Bate / Andrew JonesJohn Goold | |
Liberum Capital Limited (Joint Broker) Clayton Bush / Chris Clarke / Dominik Götzenberger | +44 (0)20 3100 2222 |
Powerscourt Rob Greening / Lisa Kavanagh Email: eleganthotels@powerscourt-group.com |
+44 (0) 207 250 1446
|
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of 2,600 feet. In the year ended 30 September 2016, the Group achieved revenues of $57.0 million and EBITDA before non-recurring items of $19.6 million.
Together, the Group's seven existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel & Spa, and Treasure Beach - offer styles encompassing classic and contemporary, family-friendly and adults-only.
The Group's shares were admitted to trading on the London Stock Exchange's AIM in May 2015. Its objective since then has been to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados and further into the Caribbean. In 2016 it signed a management contract with its first ever property outside Barbados, Hodges Bay Resort in Antigua, which was followed in 2017 by a marketing and sales services agreement with The Landings Resort and Spa in St. Lucia.
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
Information on Luke Johnson required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies:
Luke Oliver Johnson, aged 55, is currently a director of the following companies:
3Sixty Restaurants Limited
AKA Group Limited
Almeida Theatre Company Limited
Arden Partners EBT Limited
Arden Partners PLC
Assembly Festival Limited
Bakolori Restaurants Limited
Beak Street Films Limited
Bread Acquisitions Limited
Bread Holdings Limited
Brompton Bicycle Limited
Cedar Pharma Limited
Centre for Entrepreneurs Limited
Cowley Property Investment Limited
Cradley Brook Limited
Draft House Holding Limited
EGO Group Limited
EGO Restaurants Holdings Limited
EGO Restaurants Limited
Feng Sushi Limited
Fiery Development Limited
Fiery Dragons Limited
Forestrox Limited
Galliard (Group) Limited
Grand Entertainments Limited
Grand Union Company Limited
Halesend Estate Limited
ICR Enterprises Limited
Majestic Bingo Limited
Majestic Bingo Online Ltd
Malbec Topco Limited
Neilson Active Holidays (Holdings) Limited
Patisserie Acquisition Limited
Patisserie Holdings PLC
Patisserie Valerie Holdings Limited
Penyard House Acquisition Limited
Poseidon House Management Limited
RCP Co-Investment Partnership LP
RCP II Founder Partner LP
Recruitment Capital Partners LLP
Risk Capital Limited
Risk Capital Partners II (GP) Limited
Risk Capital Partners II (Scotland) Limited
Risk Capital Partners LLP
Small Batch Coffee Holdings Limited
Superbrands Limited
The Brighton Pier Group plc
The Generation of Z Limited
The Genuine Dining Co. Limited
The Institute of Cancer Research: Royal Cancer Hospital (THE)
Zoggs Group Limited
In addition, Luke has held the following directorships in the past five years:
Action on Addiction APT Controls Limited Buffet Restaurants Limited Chrysalis Vision Limited Clear Leisure plc Contiga Capital Management LLP Cruise.Co (Holdings) Limited E2Exchange Limited Giraffe Concepts Limited Harbour & Jones Limited Hermitage Valley Limited History Today Limited London 8 Limited Metro Bank plc Metrodome Group Limited Phaidon Press Limited Playful Productions LLP RSA Academies RSA Adelphia Enterprises Limited Seafood Property Holdings LLP Spice Bakery Limited Startup Britain Limited Synabor Limited The Bishopgate Foundation The Career Colleges Company (UK) Limited The Cobden Club Limited The Curious Cook Limited Theatre Investment Fund Limited Zinc Media Group PLC Zoggs Acquisitions Limited |
Luke Johnson was a director of the following companies when they were put into administrative receivership: | |
Just Tyres Holdings Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 17 July 2007 |
Autostop Network Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 12 August 2003 |
International Tyre Brands Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 17 July 2007 |
J T Realisation Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 17 July 2007 |
Joltburly Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 12 August 2003 |
Main Road Properties Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 17 July 2007 |
S T Realisation Limited | The company entered administrative receivership on 11 October 2001. The company was dissolved on 17 July 2007 |
Luke Johnson was a director of the following companies in the 12 months prior to them being put into administrative receivership: | |
Sunday Business Newspapers Limited | The company entered administrative receivership on 22 July 1997 after Luke Johnson resigned as a director on 11 March 1997. The company was dissolved on 30 August 2002 |
Utility Cable PLC | The company entered administrative receivership on 14 September 1998 after Luke Johnson resigned as a director on 22 May 1998. The company was dissolved on 2 August 2007 |
Luke Johnson was a director of the following companies when they were put into liquidation: | |
English Classic Cars Limited | The company was placed in insolvent liquidation on 6 April 1992 and was dissolved on 25 November 1995 |
Income Tax Professionals Limited | The company entered creditors' voluntary liquidation on 2 June 1999 and the company was dissolved on 23 September 2003 |
The Cobden Club Limited | The company entered members' voluntary liquidation on 16 July 2013 and was dissolved on 17 March 2016 |
Venice Bidder Limited | The company entered a members' voluntary liquidation on 8 August 2003 and was dissolved on 15 February 2006 |
Venice Bond Limited | The company entered a members' voluntary liquidation on 8 August 2003 and was dissolved on 16 February 2006 |
Venice Equity Limited | The company entered a members' voluntary liquidation on 8 August 2003 and was dissolved on 16 February 2006 |
Venice Mezz Limited | The company entered a members' voluntary liquidation on 8 August 2003 and was dissolved on 16 February 2006 |
Luke Johnson was a director of the following companies in the 12 months prior to them being put into liquidation: | |
Automotive Repair Solutions Limited | Luke Johnson resigned as a director on 4 October 2011 and the company was wound up by the court on 3 September 2012 |
Robinbuy Limited | Luke Johnson was a non-executive director until 20 February 1997 and was placed into liquidation on 24 February 1997 following its solvent reconstruction and was dissolved on 19 February 2000 |
Luke Johnson was a director of the following companies in the 12 months prior to them being put into administration: | |
Bookshop Acquisitions Ltd | The company entered administration on 30 November 2009 after Luke Johnson resigned as a director on 16 July 2009. The company was dissolved on 22 February 2013 |
Borders (UK) Limited | The company entered administration on 26 November 2009 after Luke Johnson resigned as a director on 16 July 2009. The company was dissolved on 27 August 2011 |
The Curious Cook Limited | The company entered administration on 17 August 2015 after Luke Johnson resigned as a director on 23 July 2015. The company was dissolved on 26 November 2016 |
There is no further information on Luke Johnson required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.