International Hotel Investments plc - New Equity & Bond Offer
On 1 September 2009, Island Hotels Group Holdings plc announced that as part of its listing on the Malta Stock Exchange there will be an offer of a €14 million 10-year bond at a coupon of 6.5% per annum and on offer of 8,383,300 shares at a price of €1.00 per share.
Share Offer
8,383,300 shares at a price of €1.00 per share
Bond Offer
€14,000,000 10-year bond (2017-2019) at a coupon of 6.5%
Interest Payment on Bond
Annually on 30 June
Share Offer Timetable
Preplacement: 18 September 2009
Offer period: 22 September – 28 September 2009
Bond Offer Timetable
CareMalta Closing Date: 17 September 2009
Offer period: 22 September – 28 September 2009
Minimum application for shares
Preplacement: 2,500 shares
General Offer Stage: 1,000 shares and in multiples of 100 thereafter
Minimum application for bonds
€1,000 and in multiples of €100 thereafter.
Listing
The total issued share capital of IHG Holdings plc of 35,269,200 shares and the €14 million bonds will both be admitted to the Official List of the Malta Stock Exchange
Downloads
IHG Holdings plc – Prospectus – 28 August 2009
Island Hotels Group Holdings plc Presentation
Island Hotels Group Holdings plc Brochure
IHG Holdings plc – Bond Authorisation to Apply Form
IHG Holdings plc – Equity Authorisation to Apply Form
Should you be interested in obtaining a copy of our bond and/or equity research note including our recommendation, kindly send us an email on info@rizzofarrugia.com