18th Aug 2008 12:56
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For Immediate Release |
18 August 2008 |
The Hotel Corporation PLC
Puma Hotels plc (Formerly Dawnay Shore Hotels plc) - End of offer period
The Board of The Hotel Corporation plc, whose principal asset is a 49.9% stake in Puma Hotels plc ("Puma Hotels"), announces that it has been informed by Puma Hotels that Puma Hotels is issuing the following press release.
A copy of the announcement released today by Puma Hotels is attached to this announcement.
Enquiries:
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Shore Capital and Corporate Limited Graham Shore |
Telephone: 020 7408 4090 |
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Citigate Dewe Rogerson Patrick Donovan Angharad Couch |
Telephone: 020 7638 9571 |
Puma Hotels plc
(Formerly Dawnay Shore Hotels plc)
End of offer period
As announced on 23 August 2007, the Board of Puma Hotels plc (the "Company") has been considering a potential corporate reorganisation. The Board today announces that it has no current plans to undertake such a reorganisation and, accordingly, has agreed with the Takeover Panel that this announcement will end the offer period.
Shore Capital and Corporate Limited
Graham Shore 020 7408 4090
Puma Hotels plc
Peter Procopis 020 7468 7991
Ends -
Notes to Editors
1. Puma Hotels plc acquired 13 Paramount branded hotels in July 2004. Following further acquisitions it now owns 20 four and five-star hotels across Scotland, Northern England, Central England, Southern England and Wales.
2. The hotels offer extensive banqueting, conference and leisure facilities and many of them have architectural and historical significance. The Group has 2,872 bedrooms and around 20,000 square metres of conference and meeting space and offers extensive facilities to both corporate and leisure guests.
3. From July 2004 until 6 September 2007, the Company owned and operated each of the 20 hotels. From 6 September 2007 PHP granted 45 year FRI leases for each hotel to Barceló Group, a leading Spanish operator with substantial global operations. From 1 January 2008 all 20 hotels have been rebranded and each hotel now carries the Barceló brand.
4. On 11 August 2008 the Company changed its name from Dawnay Shore Hotels plc to Puma Hotels plc.
Related Shares:
SIPP.L