EIH PLC Sale of RSB and Return of Capital (2025V)

TIDMEIH

RNS Number : 2025V

EIH PLC

04 April 2019

EIH plc ("EIH" or the "Company")

Sale of RSB and Return of Capital

The Board of Directors of EIH is pleased to announce that following the sale of RSB Group ("RSB") and pending the imminent receipt by the Company of a distribution from EIF-Coinvest VII of US$ 5.24 million, in relation to its shareholding in RSB, the Board has resolved to make a capital distribution of US$0.08 per share, equivalent to approximately US$ 5.16 million, to shareholders (the "Distribution").

It is intended that the Distribution will be paid on 23 April 2019 to shareholders recorded on the register at the close of business on 12 April 2019. The shares will be marked ex on 11 April 2019.

It is anticipated that a further distribution will be announced within a month, following the expected receipt of a distribution from Evolvence India Fund ("EIF"). The further distribution is expected to include the proceeds from the RSB sale in respect of EIF's shareholding in RSB.

For further information, please contact:

EIH plc

Rhys Davies

Tel: [phone]

N+1 Singer (Nominated Adviser)

James Maxwell

[phone]

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April 04, 2019 12:00 ET (16:00 GMT)