Island Hotels Group Holdings plc - New Bond Issue

Tuesday, April 29th, 2014

On 29 April, Island Hotels Group Holdings plc announced that it has submitted an application to the Listing Authority in connection with the issuance of a new EURO 35 million bond maturing in 2024.

The announcement also explained that the net proceeds from this bond issue will be used to finance the refurbishment and construction works at the Radisson Blu Resort St. Julian’s; the development and operation of the COSTA Coffee brand in the East Coast of Spain, the Balearic Islands and the Canary Islands; as well as general corporate funding purposes.

The Company also noted that EURO 2.5 million of the new bond will be reserved for the Company’s shareholders (as at the close of trading on Tuesday 6 May) as well as for its employees. The remaining Bonds will be allocated to applications submitted by the general public without priority or preference.

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