International Hotel Investments plc - Extraordinary General Meeting

On 21 January, Island Hotels Group Holdings plc (IHG) announced that it will be holding an Extraordinary General Meeting (EGM) on Friday 20 February 2015. During the meeting shareholders will be asked to approve an ordinary resolution authorising and empowering the Directors to disclose all the required information to International Hotel Investments plc (IHI) in connection with the latter’s intent to make a binding offer to all shareholders of Island Hotels Group as announced on Friday 16 January.

Subject to all necessary approvals and a successful due diligence, IHI will be seeking to acquire the entire issued share capital of IHG by offering its shareholders €1 (split into two tranches) and 0.246 shares of IHI per IHG share held. Further details on the proposed deal is available here.