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Hotel Corp (The) PLC (HCP)

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Monday 08 February, 2016

Hotel Corp (The) PLC

Result of EGM

RNS Number : 3865O
Hotel Corp (The) PLC
08 February 2016
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

 

The Hotel Corporation plc

(the "Company" or "HCP")

 

Result of EGM

 

 

Further to the Company's announcement on 15 January 2016, HCP is pleased to announce that at the extraordinary general meeting held earlier today, all resolutions put to shareholders were duly passed.

 

The change of name, which was approved at the EGM, to Specialist Investment Properties plc and the adoption of the new ticker "SIPP" is expected to be completed later this week and a further announcement will be made at that time.

 

The timetable of expected events for the Proposals is unchanged and is set out below.

 

Capitalised terms used but not defined in this announcement bear the meanings ascribed to them in the circular dated 15 January 2016 (the "Circular"). The Circular is available on the Company's website at www.thehotelcorporation.co.im.

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 

Announcement of results of the Extraordinary General Meeting

8 February 2016

Capital Reorganisation Record Date (every 20 or more Existing Ordinary Shares of 5p each will be consolidated into one Consolidated Ordinary Share of 100p each; each Consolidated Ordinary Share will then be sub-divided into one New Ordinary Share of 1p each and one Deferred Share of 99p each)

close of business on

8 February 2016

Amendment and admission of ordinary shares (post Capital Reorganisation)

8.00 a.m. on

9 February 2016

Latest recommended time and date for requesting withdrawal of Excess Open Offer Entitlements from CREST 

4.30 p.m. on 17 February 2016

Latest time and date for depositing Open Offer Entitlements (Round 2) into CREST

3 p.m. on 19 February 2016

Latest time and date for splitting Round 2 Application Forms (to satisfy bona fide market claims only) 

3 p.m. on 19 February 2016

Latest time and date for receipt of completed Round 2 Application Forms and payment in full under Round 2 of the Open Offer or settlement of relevant CREST instruction (as appropriate) 

3 p.m. on 22 February 2016

Expected time and date of announcement of results of Round 2 of the Open Offer

7.00 a.m. on 23 February 2016

Admission effective and dealings in the New Ordinary Shares (i.e. all the Open Offer shares) commence

8.00 a.m. on 25 February 2016

Expected date for crediting of New Ordinary Shares in uncertificated form to CREST stock accounts

8.00 a.m. on 25 February 2016

Expected date of despatch of share certificates in respect of New Ordinary Shares in certificated form

within 10 business days of Admission

 

Notes:

(1)             The dates set out in the timetable above and mentioned throughout this announcement may be adjusted by the Company which event details of the new dates will be notified to AIM and, where appropriate, to Shareholders.

(2)           All references to time in this announcement are to time in London.

 

 

For further information:

 

The Hotel Corporation plc

Derek Short / David Craine

+44 (0) 1624 626586

 

Sanlam Securities UK Limited (Nomad and Broker to the Company)

Simon Clements / James Thomas

+44 (0) 20 7628 2200

 

Shore Capital (Financial Adviser and Broker to the Capital Raising)

Pascal Keane / Patrick Castle

+44 (0) 20 7408 4090

 

Disclaimer

 

Sanlam Securities UK Limited, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting as Nominated Adviser exclusively for the Company in connection with the Capital Raising and will not be responsible to any person other than the Company for providing the protections afforded to its customers or for advising any other person on the contents of this announcement or any matter, transaction or arrangement referred to herein. The responsibilities of Sanlam Securities UK Limited as the Company's nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any Director, Shareholder or any other person.

 

Shore Capital & Corporate Limited which is authorised and regulated in the UK by the Financial Conduct Authority, is acting as financial adviser exclusively for the Company in connection with the Capital Raising and will not be responsible to any person other than the Company for providing the protections afforded to its customers or for advising any other person on the contents of this announcement or any matter, transaction or arrangement referred to herein.

 

Shore Capital Stockbrokers Limited, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting as broker to the Company in connection with the Placing and will not be responsible to any person other than the Company for providing the protections afforded to its customers or for advising any other person on the contents of this announcement or any matter, transaction or arrangement referred to herein.

 

This announcement has been issued by the Company and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Sanlam Securities UK Limited, Shore Capital & Corporate Limited, Shore Capital Stockbrokers Limited or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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