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18 Oct 2019 07:13

RNS Number : 3546Q
Elegant Hotels Group PLC
18 October 2019
 

Elegant Hotels Group plc

 

("Elegant", the "Company" or the "Group")

 

Recommend Cash Offer

 

Elegant Hotels Group plc, the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, would like to draw shareholders' attention to the announcement made by Marriott International Inc. in relation to a recommended cash offer by its wholly-owned indirect subsidiary, International Hotel Licensing Company S.à r.l, for Elegant, to be effected by means of a Court sanction scheme of arrangement under Part 26 of the Companies Act 2006, released at 07:00 a.m. on 18 October 2019 under RNS Number 3120Q.

 

 

Enquiries:

Elegant Hotels Group plcSimon Sherwood, Non-Executive Chairman

Sunil Chatrani, Chief Executive Officer

Jeff Singleton, Chief Financial Officer

 

+1 (246) 432 6500

Liberum Capital Limited

(Financial adviser, nominated adviser and broker to Elegant)

Clayton Bush

Chris Clarke

James Greenwood

Edward Phillips

William Hall

 

+44 (0) 203 100 2222

Powerscourt

(Financial PR to Elegant)Rob Greening

Lisa Kavanagh

+44 (0) 207 250 1446

 

 

Notes to Editors:

 

Elegant owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently 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.

 

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
29th Oct 20199:31 amRNSForm 8.5 (EPT/RI)
28th Oct 20193:27 pmRNSForm 8.3 - Elegant Hotels Group
28th Oct 20192:30 pmRNSForm 8.3 - Elegant Hotels Group plc
28th Oct 20192:30 pmRNSForm 8.3 - Elegant Hotels Group plc
28th Oct 201912:01 pmRNSTR-1: Notification of Major Holdings
28th Oct 201911:56 amRNSForm 8.3 - Elegant Hotels Group PLC
28th Oct 201911:55 amRNSForm 8.3 - Elegant Hotels Group PLC
25th Oct 201912:05 pmRNSForm 8.3 - [Elegant Hotels Group PLC]
25th Oct 201912:04 pmRNSForm 8.3 - [Elegant Hotels Group PLC]
25th Oct 20199:29 amRNSForm 8.5 (EPT/RI)
24th Oct 20199:09 amRNSForm 8.5 (EPT/RI)
23rd Oct 20195:54 pmRNSTR-1: Notification of major holdings
23rd Oct 20193:16 pmRNSForm 8.3 - Elegant Holdings Group PLC
23rd Oct 20193:12 pmRNSForm 8.3 - [Elegant Hotels Group PLC]
23rd Oct 201911:19 amRNSForm 8.3 - Elegant Hotels Group PLC
23rd Oct 20198:46 amRNSForm 8.5 (EPT/RI)
22nd Oct 20193:15 pmRNSForm 8.3 - Elegant Hotels Group PLC
22nd Oct 201912:53 pmRNSForm 8.3 - Elegant Hotels Group PLC
22nd Oct 201911:19 amRNSOffer Update
22nd Oct 20198:48 amRNSForm 8.5 (EPT/RI)
21st Oct 20193:16 pmRNSForm 8.3 - Elegant Hotels Group PLC
21st Oct 20193:12 pmRNSForm 8.3 - Elegant Hotels Group Plc
21st Oct 20192:24 pmBUSForm 8.3 - Elegant Hotels Group plc
21st Oct 20191:42 pmRNSTR-1: Notification of major holdings
21st Oct 201912:32 pmPRNForm 8.3 - Elegant Hotels Group Plc
21st Oct 201911:44 amRNSForm 8.3 - Elegant Hotels Group PLC
21st Oct 201910:56 amGNWForm 8.3 - Elegant Hotels Group plc
21st Oct 201910:39 amRNSOffer Update
21st Oct 20199:23 amRNSForm 8.5 (EPT/RI)
18th Oct 20194:34 pmRNSForm 8.3 - Elegant Hotels Group plc
18th Oct 20194:06 pmRNSForm 8.3 - Elegant Hotels Group Plc
18th Oct 20192:46 pmRNSForm 8.3 - Elegant Hotels Group PLC
18th Oct 20192:13 pmPRNForm 8.3 - Elegant Hotels Group plc
18th Oct 20191:30 pmRNSPublic Opening Position Disclosure
18th Oct 201911:20 amGNWForm 8.3 - Elegant Hotels Group plc
18th Oct 20197:13 amRNSRecommended Cash Offer
18th Oct 20197:00 amRNSOffer for Elegant Hotels Group plc
10th Sep 20199:06 amRNSTR-1: Notification of major holdings
20th Aug 20192:26 pmRNSTR-1: Notification of Major Interest in Shares
15th Jul 20197:00 amRNSDirector/PDMR Shareholding
9th Jul 20197:00 amRNSUpdate on Hodges Bay Resort & Spa
18th Jun 20197:00 amRNSSuccessful completion of refinancing
29th May 20196:02 pmRNSTR-1: Notification of Major Interest in Shares
8th May 20197:00 amRNSHalf Year Results Statement
5th Apr 201911:22 amRNSNotice of Results
26th Feb 20191:52 pmRNSResult of AGM
6th Feb 20199:26 amRNSGrant of Share Options
23rd Jan 20193:58 pmRNSPosting of Report & Accounts and Notice of AGM
15th Jan 20197:01 amRNSDirectorate Change
15th Jan 20197:00 amRNSFinal Results

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