6th Aug 2014 09:10
6 August 2014
The Hotel Corporation plc
("HCP" or the "Company")
Administrator appointed to UK Group of Hotels plc
The Company announces that it was advised on 5 August 2014 that on 4 August 2014 Paul John Clark, Paul David Williams and David John Whitehouse, each of Duff & Phelps Ltd, were appointed as joint administrators of UK Group of Hotels plc (formerly Puma Hotels plc), in which the Company holds a 49.92 per cent. interest. The Company's investment in UK Group of Hotels plc was fully written down to £Nil in the accounts of the Company as at 31 December 2013.
A further announcement will be made in due course.
For further information:
The Hotel Corporation plc Derek Short / David Craine | +44 (0) 1624 626586 |
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Sanlam Securities UK Limited (Nomad and Broker) Simon Clements / David Worlidge | +44 (0) 20 7628 2200 |
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