The Company announces that options to subscribe for 94,000 new ordinary shares have been exercised by one employee of Peel Hotels plc.
The options had been granted as to 72,000 in May 2005 at 102 pence per share and as to 22,000 in April 2004 at 88.5 pence per share.
Application has been made for the 94,000 new ordinary shares issued in connection with the exercise of share options to be admitted to AIM. It is expected that admission will take place on 10th June 2008.
The new ordinary shares will rank pari passu in all respects with the existing ordinary shares
Peel Hotels Plc
Robert Peel, Chairman - 0207 286 6823
Nominated Adviser
KBC Peel Hunt Ltd - N Marren - 0207 418 8900
This information is provided by RNS
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