who owns elegant hotels
Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast." Unless otherwise determined by IHLC or required by the Code, and permitted by applicable law and regulation, the Acquisition will not be made available directly or indirectly in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction and no person may vote in favour of the Acquisition by use of mail or any other means or instrumentality (including, without limitation, facsimile, email or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or any facility of a national, state or other securities exchange of, any Restricted Jurisdiction. San Francisco Union Square. Full text can be found below: On 18 October 2019, the boards of Elegant Hotels Group plc (“Elegant”) and International Hotel Licensing Company S.à r.l. The Acquisition will be made solely on the terms set out in the Scheme Document and the accompanying Forms of Proxy, which contain the full terms and conditions of the Acquisition, including details of how to vote in respect of the Acquisition. Elegant Shareholders are strongly advised to read the formal documentation in relation to the Acquisition. You should contact the Takeover Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure. In August, Marriott launched an all-inclusive platform with the goal of growing a worldwide portfolio of resorts in popular vacation segments by leveraging the company's operational and development expertise, its Marriott Bonvoy travel program with roughly 133 million members, and its iconic hotel brands. The cancellation of trading of Elegant Shares on AIM is expected to take place at 7.00 a.m. on 10 December 2019. The offer values the entire issued and to be issued ordinary share capital of Elegant at approximately £100.8 million ($130.1 million based on £1:$1.29). The company now offers one travel program, Marriott Bonvoy™, replacing Marriott Rewards®, The Ritz-Carlton Rewards®, and Starwood Preferred Guest®(SPG). Calls to this number from outside the UK will be charged at the applicable international rate. US holders of Elegant Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of US Federal securities laws. Please note that Link Asset Services cannot provide comments on the merits of the Scheme or provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes. HelplineA shareholder helpline is available for Elegant Shareholders. This announcement contains "forward-looking statements" within the meaning of federal securities laws, including statements related to expected leadership changes, our pipeline of new projects, and similar statements concerning anticipated future events and expectations that are not historical facts. Calls are charged at the standard geographical rate and will vary by provider. Additional information for US investorsThe Acquisition relates to the shares of a UK company and is being made by means of a scheme of arrangement provided for under the laws of England and Wales. Elegant shareholders were urged last year to boot Johnson off the board because of his many other directorships, which at the time included London’s Almeida theatre, the Gail’s bakery owner, Bread Holdings, and Patisserie Valerie. Simon Sherwood, the non-executive chairman of Elegant, said directors were unanimously recommending Marriott’s offer to shareholders. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any securities exchange offeror is first identified. “The fact that Elegant Hotels has attracted the interest of a company of Marriott’s calibre is a resounding endorsement of the outstanding quality of our properties, operations and people, and indeed of Barbados as a highly desirable destination.”. Liberum Capital Limited(Financial adviser, nominated adviser and broker to Elegant), International Hotel Licensing Company S.à r.l.Connie Kim, Media Relations, PricewaterhouseCoopers LLP(Financial adviser to Marriott and IHLC). For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Luke Johnson is in line for a £12.2m payout from the sale of Elegant Hotels, the owner of seven luxury resorts in the Caribbean. Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,400 properties under 30 leading brands spanning 135 countries and territories. For the avoidance of doubt, neither the contents of such website nor the content of any other website accessible from hyperlinks on such website is incorporated into, or forms part of, this Announcement.
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