Island Hotels Group Holdings plc – Regulatory approval of New Bond Issue

Island Hotels Group Holdings plc announced that following regulatory approvals received on May 6, 2014, the company will be issuing 350,000 6% Bonds due to mature in 2024 with a nominal value of €100 per Bond issued at par for an aggregate of €35,000,000.

Up to an aggregate amount of €2,500,000 of the New Bonds shall first be allocated to those who are existing shareholders or Island Hotels Group employees as at close of business on the May 9, 2014. 

Full details of the issue of the New Bonds are included in the prospectus dated  May 6, 2014 which will be available at our offices from May 12, 2014.

To view the official company announcement, click here.