Elegant Hotels Group PLC Appointment of Joint Corporate Broker (6110F)
19 May 2017 - 4:00PM
UK Regulatory
TIDMEHG
RNS Number : 6110F
Elegant Hotels Group PLC
19 May 2017
Elegant Hotels Group plc
Appointment of Joint Corporate Broker
19 May 2017: Elegant Hotels Group plc ("Elegant Hotels" or the
"Group"), the owner and operator of seven upscale freehold hotels
and a beachfront restaurant on the island of Barbados, is pleased
to announce the appointment of Liberum Capital Limited ("Liberum")
as its joint corporate broker with immediate effect.
Liberum will act alongside Zeus Capital Limited, which has
advised the Group as Nominated Adviser and broker since its IPO on
the London Stock Exchange's AIM in May 2015.
For further information:
Elegant Hotels Group plc
Sunil Chatrani, Chief Executive
Officer
Jeff Singleton, Chief Financial
Officer +1 246 432 6500
Zeus Capital Limited (NOMAD and
Joint Broker)
Dan Bate / Andrew Jones / John +44 (0) 203 829
Goold 5000
Liberum Capital Limited (Joint
Broker)
Clayton Bush / Chris Clarke / +44 (0)20 3100
Dominik Götzenberger 2222
Powerscourt
Rob Greening / Lisa Kavanagh +44 (0) 207 250
Email: eleganthotels@powerscourt-group.com 1446
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury hotels and a
beachfront restaurant, Daphne's, on the island of Barbados. The
Group's portfolio comprises 588 rooms, making it twice as large (by
room number) as the closest competitor in the Barbados luxury hotel
room market. Six of the seven properties are situated along the
prestigious west coast of Barbados commonly known as the "Platinum
Coast". The properties are all freehold, with a total aggregate
plot size of approximately 23 acres and an aggregate beachfront of
2,600 feet. In the year ended 30 September 2016, the Group achieved
revenues of $57.0 million and EBITDA before non-recurring items of
$19.6 million.
Together, the Group's seven existing hotels - Colony Club,
Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel &
Spa, and Treasure Beach - offer styles encompassing classic and
contemporary, family-friendly and adults-only.
The Group's shares were admitted to trading on the London Stock
Exchange's AIM in May 2015. Its objective since then has been to
leverage its position as a leading hotel operator in Barbados and
to expand both on Barbados as well as further into the Caribbean.
In 2016 it signed a management contract with its first ever
property outside Barbados, Hodges Bay Resort in Antigua, which was
followed in 2017 by a marketing and sales services agreement with
The Landings Resort and Spa in St. Lucia.
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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