Source - RNS
RNS Number : 6043M
easyHotel PLC
14 October 2016
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

14 October 2016

easyHotel plc

Result of General Meeting

On 28 September 2016 easyHotel plc (LSE: EZH) ("easyHotel" or the "Company"), the owner, developer, operator and franchisor of "super budget" branded hotels, announced the placing of 38,000,000 new ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company (the "Placing Shares") by Investec Bank plc to raise approximately £38.0 million (before expenses) (the "Placing").  The Placing was subject, inter alia, to the approval by Shareholders of the Resolutions set out in the Notice of General Meeting.

The Company is pleased to announce that all of the Resolutions were duly passed at the General Meeting held earlier today.

The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 17 October 2016.

Following Admission the number of Ordinary Shares in issue is expected to be 100,500,000 (the "Voting Rights Figure"). The Company has no shares in treasury at the date of this announcement.  The Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

Terms defined in the circular dated 28 September 2016 have the same meaning in this announcement, save where the context otherwise requires.

 

Enquiries:

easyHotel plc

via Hudson Sandler

Guy Parsons, Chief Executive Officer

Marc Vieilledent, Chief Financial Officer




Investec Bank plc - Nominated Adviser and Sole Broker

+44 (0) 20 7597 4000

Chris Treneman / David Anderson

Neil Coleman / William Brown

 



Hudson Sandler - PR Adviser to easyHotel

+44 (0) 20 7796 4133

Wendy Baker / Emily Dillon


Notes to Editors:

 

easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers. Website:  www.easyHotel.com 

 

Operating hotels

easyHotel's owned hotels currently comprise 390 rooms, and it has a further 17 franchised hotels with 1,405 rooms. 

 

Owned hotels:

Old Street (London), Glasgow, Croydon.

 

Franchise locations:

Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), UK (Edinburgh, London Heathrow, Central London, Luton).

 

Hotel development pipeline

The Company's development pipeline of owned and franchised hotels currently consists of:

 

Owned hotels:

United Kingdom (Liverpool, Manchester, Birmingham, Ipswich), Spain (Barcelona)

 

Franchise hotels:

The Netherlands (Amsterdam Arena Boulevard, Amsterdam-Zaandam), Belgium (Brussels), UAE (Dubai), Germany (Bernkastel-Kues), Portugal (Lisbon), Turkey (Istanbul)

 

-Ends-


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

Related Charts

Easyhotel (EZH)

+1.00p (+1.10%)
delayed 18:15PM