easyHotel PLC Result of General Meeting (6043M)
14 October 2016 - 11:39PM
UK Regulatory
TIDMEZH
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 GBP38.0 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 +44 (0) 20 7597
Adviser and Sole Broker 4000
Chris Treneman / David Anderson
Neil Coleman / William Brown
Hudson Sandler - PR Adviser to +44 (0) 20 7796
easyHotel 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
(END) Dow Jones Newswires
October 14, 2016 08:39 ET (12:39 GMT)
Easyhotel (LSE:EZH)
Historical Stock Chart
From Apr 2024 to May 2024
Easyhotel (LSE:EZH)
Historical Stock Chart
From May 2023 to May 2024