Elegant Hotels Group PLC Posting of Report & Accounts and Notice of AGM (9234N)

TIDMEHG

RNS Number : 9234N

Elegant Hotels Group PLC

23 January 2019

23 January 2019

Elegant Hotels Group plc

("Elegant Hotels" or the "Company")

Posting of Report and Accounts and Notice of Annual General Meeting

The Board of Elegant Hotels, the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, announces that copies of its Annual Report and Financial Statements for the period ending 30 September 2018, together with the Notice of Annual General Meeting and Form of Proxy, will be posted to shareholders today.

Electronic copies of the Annual Report and Financial Statements, the Notice of Annual General Meeting and Form of Proxy are available to view on the Company's website, www.eleganthotelsgroup.com.

The Annual General Meeting will be held at the offices of Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT on 26 February 2019 at 11:00 a.m.

For further information

 
 Elegant Hotels Group plc 
  Sunil Chatrani, Chief Executive Officer 
  Jeff Singleton, Chief Financial Officer         [phone] 
 Liberum Capital Limited (NOMAD and Joint 
  Broker) 
  Clayton Bush / Chris Clarke / William Hall      [phone] 
 Zeus Capital Limited (Joint Broker) 
  John Goold / Dominic King                       [phone] 
 Powerscourt 
  Rob Greening / Lisa Kavanagh / Isabelle 
  Saber 
  Email: [e-mail]      [phone] 
 

NOTES TO EDITORS:

Elegant Hotels owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently 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 2018, the Group achieved revenue of $63 million and EBITDA before non-recurring items of $19.7 million.

Together, the Group's seven existing hotels - Colony Club, Treasure Beach, Tamarind, The House, Crystal Cove, Turtle Beach and Waves Hotel & Spa - offer styles encompassing classic and contemporary, family-friendly and adults-only. The Group also has a management contract for Hodges Bay Resort in Antigua and a sales and marketing contract for The Landings Resort & Spa in St. Lucia.

The Group's strategy is to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados as well as further into the Caribbean.

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

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

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January 23, 2019 10:58 ET (15:58 GMT)