On 31 August 2010 the Malta Stock Exchange announced the admission of 1,764,268 new International Hotel Investment plc shares to the Official List as a result of the 1 for 25 bonus issue. Following this bonus issue, the total number of IHI shares in issue increased to 554,989,911.
On 23 July, IHI had recommended a 4% bonus share issue to the free float shareholders (7.97% of the total share capital of IHI) on the Company’s register as at 31 December 2009. This recommendation was subsequently approved at the Extraordinary General Meeting which took place on Friday 27 August 2010. Shareholders have until 29 September 2010 to elect to sell these bonus shares back to IHI at a price of €1.00 per share.