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New Zealand Earthquake - Update

11 Mar 2011 10:43

RNS Number : 7914C
Millennium & Copthorne Hotels PLC
11 March 2011
 



For immediate release 11 March 2011

Millennium & Copthorne Hotels plc ("M&C")

New Zealand Earthquake - Update

The following announcement was released earlier today by M&C's subsidiary, Millennium & Copthorne Hotels New Zealand Limited ("MCHNZ"), which is listed on the New Zealand Stock Exchange. M&C has a 70.2% interest in MCHNZ.

Enquiries:

Millennium & Copthorne Hotels plc Tel: +44 (0) 20 7872 2444

Adrian Bushnell, Company Secretary

Peter Krijgsman, Financial Communications

 

 

 

 

 

Millennium & Copthorne Hotels New Zealand (NZX: MCK) provides the following update in respect of the earthquake affecting the Canterbury Region on 22 February 2011:

 

·; Millennium Hotel Christchurch: Has been cleared for re-entry once the cordons are lifted;

 

·; Copthorne Hotel Christchurch Central: Has been issued with a Restricted Use Notice. A more detailed structural inspection is yet to be completed as the hotel remains in the cordoned area;

 

·; Copthorne Hotel Christchurch City (formerly known as Copthorne Hotel Christchurch Durham Street): Currently deemed unsafe for occupation. Discussions have taken place with Civil Defence Emergency Management (CDEM). Measures have been put in place to stabilise the building pending further engineering investigations. MCK is presently unable to comment on reports that demolition is required as CDEM is still assessing the situation.

 

 

MCK will continue to provide updates to the market as required.

 

 

ENDS

Issued by Millennium & Copthorne Hotels New Zealand Ltd

Any inquiries please contact:

B K Chiu, Managing Director

Millennium & Copthorne Hotels New Zealand Ltd

(09) 913 8058

This information is provided by RNS
The company news service from the London Stock Exchange
 
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