7 Jan 2019 10:45
INTOSOL Holdings Plc - Open Offer UpdateINTOSOL Holdings Plc - Open Offer Update
PR Newswire
London, January 7
INTOSOL Holdings Plc / Ticker: INTO / Index: LSE / Sector: Travel & Leisure
7 January 2019
INTOSOL Holdings Plc (‘INTOSOL’ or the ‘Company’)
Open Offer Update
INTOSOL Holdings Plc, the award-winning international luxury travel company, announces that, as per the RNS dated 16 November 2018, it has closed its Open Offer to Shareholders and that no additional funds have been taken by the Company.
INTOSOL continues to make excellent progress in building a leading luxury bespoke travel company with an international client base, a global experience portfolio and a range of high-end properties across the world, providing high margin revenue and asset backing. The Company continues to develop its SOUL Private Collection www.soulprivatecollection.com, a portfolio of owned and managed boutique hotels, which has recently been added to following the signing of a two year contract to manage a luxury hotel based in Cape Town, SOUL on Llandudno, www.soulonllandudno.co.za. The portfolio now consists of six properties which continue to generate robust revenues and margins.
**ENDS**
For further information on INTOSOL visit the Company’s website www.intosolholdingsplc.com or contact:
| Rainer Spekowius Executive Chairman | INTOSOL Holdings Plc | Tel: +44 (0) 20 7236 1177 |
| Charles Goodfellow / Martin Lampshire (Corporate Broker) | Peterhouse Corporate Finance | Tel: +44 (0) 20 7220 9791 |
| Juliet Earl / Gaby Jenner (Financial PR) | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Notes
INTOSOL Holdings PLC is a London listed international luxury travel company that merges private travel design with hotel management and property ownership to provide bespoke, high-end global travel experiences across the world. Its profitable private design business which blends personal contact with proprietary technology, VIRTOSOL, already services a growing client base of over 15,000 and the Company is focussed on further expansion into English-speaking markets. To increase margin and asset backing, it is building its SOUL Private Collection of leased and owned boutique properties. In line with this, it is in the process of purchasing and developing a number of sites in South Africa including Oceans Wilderness, a luxury nine-bedroom boutique hotel in the Garden Route and a commercial safari lodge in the renowned Leadwood Big Game Estate, one of the premier places to see the Big 5.
The luxury travel market continues to grow and tends to be immune to economic fluctuations, with high-end customers favouring bespoke and exclusive experiences regardless of the greater economic climate. INTOSOL is ideally positioned to capitalise on this trend and execute its growth strategy to become a leading bespoke travel company with an international client base, a global experience portfolio and a range of high-end properties across the world providing high margin revenue and asset backing.