Island Hotels Group Holdings plc – Bond 2014 allocation policy

Island Hotels Group Holdings plc announced that it received 114 applications for participation in the Shareholder/Employee Offer representing a total value of €5,049,300. In this respect, the Company shall be satisfying all applications under the Shareholder/Employee Offer for amounts up to €100,000 in full and in the case of applications for amounts of over €100,000 the Company will likewise be satisfying the first  €100,000 and allocating a further 4.423% of the remaining balance of all such applications. The amount that was not allocated under the Shareholder/Employee offer amounts to €2,549,300. 

The remaining unreserved balance of the Bonds available for subscription during the Issue to the General Public amounted to €22,500,000. By the closing of the subscription lists (26 May 2014 – Company Announcement 57/2014 refers), the Company had received a total of 5,336 applications for participation in the Issue to the General Public representing a total value of €69,109,400. In addition, the €2,549,300 that were not allocated under the Shareholder/Employee offer, will also be participating in the Issue to the General Public. The Company shall be satisfying all applications under the Issue to the General Public for amounts up to €3,000 in full and in the case of applications for amounts of over €3,000 the Company will likewise be satisfying the first €3,000 and allocating a 

further 12.4468% of the remaining balance of all such applications. 

All amounts being allocated have been rounded to the nearest €100. 

Refunds of unallocated monies will be affected by not later than 4 June 2014. The Bond will be admitted to listing on the Malta Stock Exchange on Monday 9 June 2014 and trading will commence on Tuesday 10 June 2014. Interest on the Bonds will accrue as from 9 June 2014. 

To view the official company announcement, click here.