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INTERNATIONAL HOTEL PROPERTIES LIMITED - Update in respect of salient dates for the scheme of arrangement

Release Date: 19/10/2017 16:30
Code(s): IHL     PDF:  
 
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Update in respect of salient dates for the scheme of arrangement

International Hotel Properties Limited
(previously International Hotel Group Limited)
(Incorporated in the British Virgin Islands)
(Company number 1862176)
JSE share code: IHL
ISIN: VGG487261064
LEI Code: 213800VGTQA4SMCAWP71
(“IHL” or the “Company”)


UPDATE IN RESPECT OF SALIENT DATES FOR THE SCHEME OF ARRANGEMENT


Shareholders are referred to the announcement released on SENS and the Luxembourg Stock Exchange (“LuxSE”)
website on 24 August 2017, relating to a scheme of arrangement in terms of section 179A of the BVI Business
Companies Act, 2004, as amended (“the scheme”), proposed by Redefine International P.L.C. (“Redefine
International”) between IHL and all its shareholders other than (i) Redefine Share Investments Limited, (ii) Redefine
Properties Limited and (iii) Southern Sun Africa Limited (collectively the “scheme members”) pursuant to which, on
implementation of the scheme (and subject to the scheme becoming unconditional in accordance with its terms):

-   Redefine International will acquire all the shares in the Company held by the scheme members in consideration
    for the delivery to scheme members of 2.5 Redefine International shares for every 1 share in the Company held
    by the scheme members; and

-   the listing and admission to trading of the Company’s shares on both the Johannesburg Stock Exchange (“JSE”)
    and the Euro MTF market of the LuxSE would be terminated (“the delisting”).

Shareholders are advised that whilst the High Court of the BVI has duly sanctioned the scheme, IHL is awaiting
confirmation that the resultant Court Order has been duly filed in accordance with the BVI Business Companies Act
regulatory requirements. IHL anticipates this final condition precedent to the scheme to be fulfilled imminently,
following which a finalisation announcement, including an updated timetable, will be published.


For further information, please contact:

M Partners
Luxembourg listing agent                                +352 263 868 602

Java Capital
JSE sponsor                                             +27 (0) 11 722 3050

Company Secretary
Osiris Secretarial Services Ltd                         +1 (284) 494 9820

Notes to editors:

IHL is a hotel and leisure focused property investment company which owns nine hotels in the UK. The Company’s
shares are currently listed on the official list and admitted to trading on the Euro MTF market of the LuxSE which
constitutes its primary listing, and on the AltX of the JSE which constitutes its secondary listing.

19 October 2017

Date: 19/10/2017 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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