Elegant Hotels Group PLC Appointment of Joint Corporate Broker (6110F)

TIDMEHG

RNS Number : 6110F

Elegant Hotels Group PLC

19 May 2017

Elegant Hotels Group plc

Appointment of Joint Corporate Broker

19 May 2017: 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 the appointment of Liberum Capital Limited ("Liberum") as its joint corporate broker with immediate effect.

Liberum will act alongside Zeus Capital Limited, which has advised the Group as Nominated Adviser and broker since its IPO on the London Stock Exchange's AIM in May 2015.

For further information:

 
 Elegant Hotels Group plc 
  Sunil Chatrani, Chief Executive 
  Officer 
  Jeff Singleton, Chief Financial 
  Officer                                         [phone] 
 Zeus Capital Limited (NOMAD and 
  Joint Broker) 
  Dan Bate / Andrew Jones / John                  [phone] 
  Goold                                                      5000 
 Liberum Capital Limited (Joint 
  Broker) 
  Clayton Bush / Chris Clarke /                    [phone] 
  Dominik Götzenberger                                  2222 
 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 as well as 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/

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2017 02:00 ET (06:00 GMT)