Elegant Hotels Group PLC Directorate Change (1742G)

TIDMEHG

RNS Number : 1742G

Elegant Hotels Group PLC

25 May 2017

This announcement contains inside information

Elegant Hotels Group plc

Board appointment

25 May 2017: The Board of Elegant Hotels Group plc ("Elegant Hotels" or the "Group"), the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, is pleased to announce that Luke Johnson has been appointed as a non-executive director of the Group with immediate effect.

Luke Johnson is the Chairman of private equity house Risk Capital Partners LLP, and his extensive range of other public and private company roles include the chairmanships of Patisserie Holdings PLC, The Brighton Pier Group PLC, Arden Partners PLC, Bread Ltd, Neilson Active Holidays Ltd, The Draft House and Small Batch Coffee. Previous chairmanships have included Channel 4 Television Corporation, PizzaExpress, and Giraffe Restaurants.

Luke Johnson holds 11,100,000 ordinary shares, representing approximately 12.5 per cent. of Elegant Hotels' issued share capital.

Simon Sherwood, Chairman of Elegant Hotels, commented: "We are delighted to be welcoming someone of Luke's calibre and experience to the Board of Elegant Hotels. His wealth of leisure industry knowledge and his outstanding track record of helping companies to achieve their ambitious growth plans will be hugely additive to the Group as it continues to carry out its expansion programme in Barbados and the wider Caribbean. We see significant potential for continuing to enhance the food and beverage offering within our portfolio, and Luke's expertise in that sector will therefore be particularly valuable."

For further information:

 
 Elegant Hotels Group plc                            [phone] 
 Sunil Chatrani, Chief Executive 
  Officer 
  Jeff Singleton, Chief Financial 
  Officer 
 Zeus Capital Limited (NOMAD                         [phone] 
  and Joint Broker)                                             5000 
 Dan Bate / Andrew Jones 
  John Goold 
 Liberum Capital Limited (Joint 
  Broker) 
  Clayton Bush / Chris Clarke 
  / Dominik Götzenberger                    [phone] 
 
 
   Powerscourt 
   Rob Greening / Lisa Kavanagh                      [phone] 
   Email: [e-mail]                   1446 
 

NOTES TO EDITORS:

Elegant Hotels owns and operates seven luxury hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of 2,600 feet. In the year ended 30 September 2016, the Group achieved revenues of $57.0 million and EBITDA before non-recurring items of $19.6 million.

Together, the Group's seven existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel & Spa, and Treasure Beach - offer styles encompassing classic and contemporary, family-friendly and adults-only.

The Group's shares were admitted to trading on the London Stock Exchange's AIM in May 2015. Its objective since then has been to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados and further into the Caribbean. In 2016 it signed a management contract with its first ever property outside Barbados, Hodges Bay Resort in Antigua, which was followed in 2017 by a marketing and sales services agreement with The Landings Resort and Spa in St. Lucia.

Investor website: http://www.eleganthotelsgroup.com/

Commercial website: http://www.eleganthotels.com/

Information on Luke Johnson required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies:

Luke Oliver Johnson, aged 55, is currently a director of the following companies:

3Sixty Restaurants Limited

AKA Group Limited

Almeida Theatre Company Limited

Arden Partners EBT Limited

Arden Partners PLC

Assembly Festival Limited

Bakolori Restaurants Limited

Beak Street Films Limited

Bread Acquisitions Limited

Bread Holdings Limited

Brompton Bicycle Limited

Cedar Pharma Limited

Centre for Entrepreneurs Limited

Cowley Property Investment Limited

Cradley Brook Limited

Draft House Holding Limited

EGO Group Limited

EGO Restaurants Holdings Limited

EGO Restaurants Limited

Feng Sushi Limited

Fiery Development Limited

Fiery Dragons Limited

Forestrox Limited

Galliard (Group) Limited

Grand Entertainments Limited

Grand Union Company Limited

Halesend Estate Limited

ICR Enterprises Limited

Majestic Bingo Limited

Majestic Bingo Online Ltd

Malbec Topco Limited

Neilson Active Holidays (Holdings) Limited

Patisserie Acquisition Limited

Patisserie Holdings PLC

Patisserie Valerie Holdings Limited

Penyard House Acquisition Limited

Poseidon House Management Limited

RCP Co-Investment Partnership LP

RCP II Founder Partner LP

Recruitment Capital Partners LLP

Risk Capital Limited

Risk Capital Partners II (GP) Limited

Risk Capital Partners II (Scotland) Limited

Risk Capital Partners LLP

Small Batch Coffee Holdings Limited

Superbrands Limited

The Brighton Pier Group plc

The Generation of Z Limited

The Genuine Dining Co. Limited

The Institute of Cancer Research: Royal Cancer Hospital (THE)

Zoggs Group Limited

In addition, Luke has held the following directorships in the past five years:

 
 Action on Addiction 
  APT Controls Limited 
  Buffet Restaurants Limited 
  Chrysalis Vision Limited 
  Clear Leisure plc 
  Contiga Capital Management 
  LLP 
  Cruise.Co (Holdings) Limited 
  E2Exchange Limited 
  Giraffe Concepts Limited 
  Harbour & Jones Limited 
  Hermitage Valley Limited 
  History Today Limited 
  London 8 Limited 
  Metro Bank plc 
  Metrodome Group Limited 
  Phaidon Press Limited 
  Playful Productions LLP 
  RSA Academies 
  RSA Adelphia Enterprises 
  Limited 
  Seafood Property Holdings 
  LLP 
  Spice Bakery Limited 
  Startup Britain Limited 
  Synabor Limited 
  The Bishopgate Foundation 
  The Career Colleges Company 
  (UK) Limited 
  The Cobden Club Limited 
  The Curious Cook Limited 
  Theatre Investment Fund 
  Limited 
  Zinc Media Group PLC 
  Zoggs Acquisitions Limited 
 
 
 Luke Johnson was a director of the following companies 
  when they were put into administrative receivership: 
 
 Just Tyres           The company entered administrative receivership 
  Holdings             on 11 October 2001. The company was dissolved 
  Limited              on 17 July 2007 
 
 Autostop              The company entered administrative receivership 
  Network               on 11 October 2001. The company was dissolved 
  Limited               on 12 August 2003 
 
 International        The company entered administrative receivership 
  Tyre Brands          on 11 October 2001. The company was dissolved 
  Limited              on 17 July 2007 
 
 J T Realisation      The company entered administrative receivership 
  Limited              on 11 October 2001. The company was dissolved 
                       on 17 July 2007 
 
 Joltburly            The company entered administrative receivership 
  Limited              on 11 October 2001. The company was dissolved 
                       on 12 August 2003 
 
 Main Road            The company entered administrative receivership 
  Properties           on 11 October 2001. The company was dissolved 
  Limited              on 17 July 2007 
 
 S T Realisation      The company entered administrative receivership 
  Limited              on 11 October 2001. The company was dissolved 
                       on 17 July 2007 
 
 Luke Johnson was a director of the following companies 
  in the 12 months prior to them being put into administrative 
  receivership: 
 
 Sunday               The company entered administrative receivership 
  Business             on 22 July 1997 after Luke Johnson resigned 
  Newspapers           as a director on 11 March 1997. The company 
  Limited              was dissolved on 30 August 2002 
 
 Utility              The company entered administrative receivership 
  Cable PLC            on 14 September 1998 after Luke Johnson 
                       resigned as a director on 22 May 1998. 
                       The company was dissolved on 2 August 
                       2007 
 
 Luke Johnson was a director of the following companies 
  when they were put into liquidation: 
 
 English              The company was placed in insolvent liquidation 
  Classic              on 6 April 1992 and was dissolved on 25 
  Cars Limited         November 1995 
 
 Income               The company entered creditors' voluntary 
  Tax Professionals    liquidation on 2 June 1999 and the company 
  Limited              was dissolved on 23 September 2003 
 
 The Cobden           The company entered members' voluntary 
  Club Limited         liquidation on 16 July 2013 and was dissolved 
                       on 17 March 2016 
 
 Venice               The company entered a members' voluntary 
  Bidder               liquidation on 8 August 2003 and was dissolved 
  Limited              on 15 February 2006 
 
 Venice               The company entered a members' voluntary 
  Bond Limited         liquidation on 8 August 2003 and was dissolved 
                       on 16 February 2006 
 
 Venice               The company entered a members' voluntary 
  Equity               liquidation on 8 August 2003 and was dissolved 
  Limited              on 16 February 2006 
 
 Venice               The company entered a members' voluntary 
  Mezz Limited         liquidation on 8 August 2003 and was dissolved 
                       on 16 February 2006 
 
 Luke Johnson was a director of the following companies 
  in the 12 months prior to them being put into liquidation: 
 

 Automotive           Luke Johnson resigned as a director on 
  Repair               4 October 2011 and the company was wound 
  Solutions            up by the court on 3 September 2012 
  Limited 
 
 Robinbuy             Luke Johnson was a non-executive director 
  Limited              until 20 February 1997 and was placed 
                       into liquidation on 24 February 1997 following 
                       its solvent reconstruction and was dissolved 
                       on 19 February 2000 
 
 Luke Johnson was a director of the following companies 
  in the 12 months prior to them being put into administration: 
 
 Bookshop             The company entered administration on 
  Acquisitions         30 November 2009 after Luke Johnson resigned 
  Ltd                  as a director on 16 July 2009. The company 
                       was dissolved on 22 February 2013 
 
 Borders              The company entered administration on 
  (UK) Limited         26 November 2009 after Luke Johnson resigned 
                       as a director on 16 July 2009. The company 
                       was dissolved on 27 August 2011 
 
 The Curious          The company entered administration on 
  Cook Limited         17 August 2015 after Luke Johnson resigned 
                       as a director on 23 July 2015. The company 
                       was dissolved on 26 November 2016 
 

There is no further information on Luke Johnson required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 25, 2017 02:02 ET (06:02 GMT)