International Hotel Investments plc - Interim Dividend & Sale of London apartments

On 11 April, International Hotel Investments plc announced that its Board of Directors has approved the payment of a net interim dividend of €0.03 per share (equivalent to a total of €16.62 million) to all shareholders as at the close of trading on Monday 28 April. The dividend will subsequently be paid on 16 May.

The announcement also revealed that its 50% owned subsidiary, NLI Holdings Limited, has sold 11 of the 12 residential apartments adjoining the Corinthia Hotel in London. The remaining apartment, namely the Penthouse, is being retained by NLI. However, the announcement failed to disclose the consideration received for the sale of the 11 apartments.