Result of EGM (6522H)

TIDMJPLH

RNS Number : 6522H

Japan Leisure Hotels Ltd

01 June 2011

1 June 2011

Japan Leisure Hotels Limited

("Japan Leisure Hotels" or the "Company")

Result of First Extraordinary General Meeting

Japan Leisure Hotels announces that at the First Extraordinary General Meeting held today, the ordinary resolution to approve and authorise the Directors to complete the sale of the Company's wholly owned subsidaries, JLH1 Ltd and JLH2 Ltd, in accordance with the terms of the Sale Agreement, was duly passed.

In addition, special resolutions to:

- to authorise the Board to proceed with the proposed cancellation of the admission of the Existing Ordinary Shares to trading on AIM; and

- to approve the reclassification of Existing Ordinary Shares into A and B Shares, to amend the Articles to reflect the rights attaching to the Reclassified Shares and to approve the Dividend as recommended by Directors.

were also duly passed.

The payment of the Dividend will be conditional on the passing of the special resolution at the Second Extraordinary General Meeting, which will be held on Friday 10(th) June 2011.

It is anticipated that trading in the Existing Ordinary Shares on AIM will cease at close of business on 8 June 2011 with cancellation taking effect at 7.00 a.m. on 9 June 2011.

Enquiries:

 
 Japan Leisure Hotels Limited 
  Alan Clifton, Chairman                01481 737600 
 
 Shore Capital and Corporate Limited 
  (NOMAD to the Company) 
  Dru Danford 
  Stephane Auton                        020 7408 4090 
 
 Pelham Bell Pottinger                  020 7861 3112 or 07802 442 
  Archie Berens                          486 
 

All terms contained in this announcement have the same meaning as defined in the announcement dated 6 May 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

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