International Hotel Investments plc - Interim Directors’ Statement

Wednesday, May 18th, 2016

On 18 May, International Hotel Investments plc published an Interim Directors’ Statement updating the market on its performance during the first quarter of 2016.

During the period under review, IHI registered improved revenue and operating profit. Moreover, although the hotel market in London experienced a challenging start to the year, the Group’s London property is still gaining market share in contrast to the reduced levels of patronage at the competing luxury hotel set. The necessary upgrading works on the hotel in Tripoli have now been finalised and the hotel is ready to reopen for business once the situation in the country normalises.

The announcement also made reference to a bonus share issue of 3 new shares for every 100 shares held to those shareholders as at the close of business on 27 June 2016. The bonus share distribution will be funded through the capitalisation of reserves.

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