International Hotel Investments plc - Allocation Policy

On 14 November, International Hotel Investments plc published the allocation policy in connection with its €10 million 5.8% bond issue. The Company announced that it received applications totalling €11.8 million which is €1.8 million in excess of the €10 million amount on offer.

As a result, applications of up to €100,000 will be satisfied in full (representing 95% of applications). In the case of applications for amounts of over €100,000, the Company will be satisfying the first €100,000 plus a further 66.385% of the remaining balance (rounded to the nearest integral of €100 nominal value of the bonds).

Interest on the new bonds will commence on Friday 15 November.

The announcement also confirmed that the Bonds will be listed as from tomorrow, Friday 15 November, with trading expected to commence next Monday 18 November. Allotment advices will also be dispatched on Monday 18 November.