Scottish Highland - Directors' Shareholdings
11 September 1999 - 1:11AM
UK Regulatory
RNS No 2885n
SCOTTISH HIGHLAND HOTELS PLC
10 September 1999
Scottish Highland Hotels plc ("Scottish Highland Hotels") announces that each
of the undernoted Directors of Scottish Highland Hotels has accepted the
Offer, which has now been declared wholly unconditional, by Apax Partners &
Co. Capital Limited on behalf of Paramount Hotels Investments Limited to
acquire the entire issued share capital of Scottish Highland Hotels at a price
of 130p per share. Accordingly, the Directors (and their connected persons)
have disposed of the following shares:
Beneficial Non-beneficial
Hamish Grossart* 400,000* -*
Alasdair Cameron 433,560 58,800
Paul Murray-Smith 433,560 58,800
Franco Galgani 90,000 -
Tudor Davies 80,000 -
Brian Simmers 429,200 72,760
* Mr. Grossart's shares are owned legally and beneficially by Petronius
Limited.
Proposals will be made to the Directors in relation to their share options
shortly.
END
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