Inspiration Hlt Regulatory News (IHC)

21 Jun 2007 08:00

India Hospitality Corp.21 June 2007 For Immediate Release 21 June 2007 India Hospitality Corp. Publication of Proxy Statement and Admission Document New York, NY. - June 21, 2007 - India Hospitality Corp. (LSE: IHC, IHC or IndiaHospitality), today announced the publication of its proxy statement andadmission document regarding the proposed acquisitions of India-based MarsRestaurants Private Limited (MRPL) and SkyGourmet Catering Private Limited(SCPL), announced on June 19, 2007. In accordance with the AIM Rules forCompanies, trading in IHC's ordinary shares and warrants is expected tore-commence today. The proxy statement and admission document, which includes notice of anExtraordinary General Meeting of the shareholders of IHC to be held on July 17,2007, to approve the acquisition of MRPL and SCPL, and the related transactions,will be posted to IHC shareholders later today. IHC expects the acquisition toclose on or about July 18, 2007. For Further Information Contact: Investor Relations Contact: ICR Inc. William Schmitt 203-682-8200 Media Contact: Buchanan Communications Richard Darby, Isabel Podda +44 207 466 5000 Nominated Adviser and Broker: Deutsche Bank Mumtaz Naseem +44 20 7545 8000 Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche Bankis acting exclusively for IHC. and no-one else in connection with theacquisition and related transactions and other matters referred to in thisannouncement and will not be responsible to anyone other than IHC. for providingthe protections afforded to clients of Deutsche Bank AG nor for providing advicein relation to the acquisitions and related transactions or any matter referredto in this announcement. Deutsche Bank is IHC's nominated adviser and broker for the purposes of the AIMRules for Companies. Its responsibilities as IHC's nominated adviser and brokerunder the AIM Rules for Nominated Advisers are owed solely to London StockExchange plc and not to IHC, any director of IHC or any other person. No offer or invitation to purchase or subscribe for ordinary shares in orwarrants to purchase or subscribe for ordinary shares or warrants of IHC isbeing made by this announcement. This information is provided by RNS The company news service from the London Stock Exchange