9 May 2005 17:33
Peel Hotels PLC09 May 2005 Peel Hotels plc Issue of shares On 14 April 2005, the company announced that it had exchanged contracts topurchase the three remaining leasehold hotels within Grace Hotels Ltd., togetherwith the freehold of the Golden Lion in Leeds, hitherto held on a 99 year lease.As announced on that date, part of the funding for this acquisition is beingprovided through the issue of 666,666 new ordinary shares. Application has now been made for the 666,666 new ordinary shares to be admittedto AIM. It is expected that admission will take place on 13 May 2005 This information is provided by RNS The company news service from the London Stock Exchange