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Update on Puma

26 Jun 2014 09:50

RNS Number : 6156K

Hotel Corp (The) PLC

26 June 2014

The Hotel Corporation plc

("HCP" or the "Company")

Update on Puma

The Hotel Corporation plc, the AIM listed investment company owning 49.9% of Puma Hotels plc ("Puma"), announces that Puma has sent a notice of general meeting ("Notice of GM") to its shareholders. Puma's senior debt outstanding was recently purchased by LSREF III Wight Limited ("Lone Star") from Irish Bank Resolution Corporation Limited. Pursuant to a standstill agreement, Lone Star has agreed to suspend its rights to repayment until 30 September 2014, subject to certain conditions.

Following the debt purchase, Puma has rebranded itself as The Hotel Collection and the Notice of GM includes a resolution that Puma's name be changed to "UK Group of Hotels plc". The General Meeting is due to be held on 10 July 2014.

Further announcements will be made when the Company is advised by Puma of material developments or updates.

For further information:

The Hotel Corporation plc

Derek Short / David Craine

+44 (0) 1624 626586

Sanlam Securities UK Limited (Nomad and broker)

Simon Clements

+44 (0) 20 7628 2200

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRLIFSTRAIRFIS

Date		Source	Headline
24th Jul 2008	7:00 am	RNS	Shore Capital Appointed Asset
14th Jul 2008	6:04 pm	RNS	Replacement: DSH-response to
14th Jul 2008	5:10 pm	RNS	DSH - response to media specu
19th Jun 2008	5:31 pm	RNS	Director/PDMR Shareholding
13th Jun 2008	12:55 pm	RNS	Result of AGM
30th Apr 2008	7:00 am	RNS	Preliminary Results
17th Mar 2008	7:01 am	RNS	Valuation Update
20th Sep 2007	7:02 am	RNS	Interim Results
20th Sep 2007	7:02 am	RNS	Interim Results
6th Sep 2007	4:24 pm	RNS	Deal Completion
6th Sep 2007	4:21 pm	RNS	Deal Completion
24th Aug 2007	11:00 am	RNS	Outcome of Strategic Review
24th Aug 2007	11:00 am	RNS	Outcome DSH Strategic Review
24th Aug 2007	11:00 am	RNS	Outcome DSH Strategic Review
15th Aug 2007	3:35 pm	RNS	Company Website
1st Jun 2007	9:00 am	RNS	Resignation of Donald Adamson
29th May 2007	9:30 am	RNS	Re Directorship
15th May 2007	12:56 pm	RNS	Re Directorship
25th Apr 2007	9:28 am	RNS	Notification of dividend
23rd Apr 2007	3:25 pm	RNS	Holding(s) in Company
23rd Apr 2007	7:01 am	RNS	Preliminary Results
4th Apr 2007	8:00 am	RNS	Notice of Results
4th Apr 2007	7:02 am	RNS	Final Results
19th Dec 2006	10:20 am	RNS	Total Voting Rights
9th Nov 2006	1:04 pm	RNS	Rule 2.10 Announcement
9th Nov 2006	11:23 am	RNS	Strategic Review
9th Nov 2006	11:23 am	RNS	Strategic Review
18th Sep 2006	7:02 am	RNS	Interim Results
18th Sep 2006	7:02 am	RNS	Interim Results
4th Sep 2006	4:06 pm	RNS	Notice of Results
17th Jul 2006	5:22 pm	RNS	Holding(s) in Company
4th Apr 2006	4:42 pm	RNS	Dividend Declaration
4th Apr 2006	7:02 am	RNS	Final Results
4th Apr 2006	7:02 am	RNS	Final Results
30th Mar 2006	3:31 pm	RNS	Notice of Results
9th Dec 2005	3:37 pm	RNS	Acquisition
27th Sep 2005	7:01 am	RNS	Interim Results
27th Jun 2005	7:00 am	RNS	Acquisition
25th May 2005	3:37 pm	RNS	Result of AGM
3rd May 2005	7:00 am	RNS	Final Results
29th Apr 2005	1:20 pm	RNS	Notice of Results
11th Mar 2005	7:00 am	RNS	Proposals for Development
15th Feb 2005	7:00 am	RNS	Dividend Declaration
4th Feb 2005	7:00 am	RNS	Re Investment
28th Jan 2005	2:05 pm	RNS	Directorate Change
17th Jan 2005	9:44 am	RNS	Holding(s) in Company
13th Jan 2005	11:47 am	RNS	Holding(s) in Company
11th Jan 2005	5:32 pm	RNS	Holding(s) in Company

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