Publication of Prospectus

RNS Number : 0878J

Park Plaza Hotels Limited

24 June 2011

 



24 June 2011

Park Plaza Hotels Limited

("Park Plaza"or the "Company")

Publication of Prospectus

Park Plaza announces that it has today published its prospectus ("Prospectus") in connection with the admission of its entire issued ordinary share capital to the standard listing segment of the Official List of the UK Listing Authority and admission to trading on London Stock Exchange plc's main market for listed securities ("Admission").

It is expected that Admission will become effective and that dealing on the London Stock Exchange's main market will commence at 08.00 am on or around 30 June 2011. Trading in the Company's ordinary shares on AIM will be cancelled simultaneously. The Company's TIDM code will continue to be PPH and, on Admission, there will be 42,677,292 ordinary shares in issue (862,000 of which are held in treasury).

Copies of the Prospectus are available from the offices of Park Plaza at Elizabeth House, 1st & 2nd Floors, Les Ruettes Brayes, St Peter Port, Guernsey GY1 1EW and on the Company's website www.parkplazahotels.net.

The prospectus has also been submitted to the UKLA and will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do. This Prospectus is also available for inspection at the offices of Norton Rose LLP, legal advisers to the Company at 3 More London Riverside, London SE1 2AQ during normal business hours.

ENQUIRIES:

Park Plaza Hotels Limited	[phone]
Boris Ivesha, Chief Executive Officer
Chen Moravsky, Chief Financial Officer
Investec Investment Banking	[phone]
James Grace
Hudson Sandler	[phone]
Wendy Baker

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the Prospectus published by the Company.

The Company is not offering any ordinary shares or other securities in connection with Admission.

This document does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy ordinary shares or other securities in any jurisdiction.

The contents of this announcement have been prepared by and are the sole responsibility of the Company.

Notes to Editors

About Park Plaza

Park Plaza Hotels Limited owns, leases, develops, manages and franchises primarily full service four-star, four-star deluxe and contemporary lifestyle hotels in major gateway cities and regional centres primarily in Europe.  The majority of the Group's hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson), over which the Group has exclusive rights in 56 countries in Europe, the Middle East and Africa, or art'otel, a brand which Park Plaza fully owns. 

Through its strategic partnership with Carlson, one of the world's largest travel and hospitality companies, Park Plaza has access to Carlson's powerful reservation and distribution system, airline partnerships with 22 airlines, loyalty programmes such as Club Carlson^SM for guests and look to book^® for travel agents and cross-selling opportunities. 

The Group currently has 25 Park Plaza hotels and art'otels, with 5,447 rooms in operation. New projects under development include Park Plaza Nuremberg (2013), art'otel amsterdam (2012), a 61-room extension of art'otel berlin city center west (2012) and art'otel london hoxton (2013).

Park Plaza also part owns Arenaturist, one of Croatia's leading hospitality companies, and operates 8 hotels and 5 apartment complexes (with a total of 2,868 rooms) and 7 campsites in Istria, Croatia.

Park Plaza's shares are admitted to trading on AIM, a market operated by the London Stock Exchange.

Our Brands:	Our Company:
www.parkplaza.com	www.parkplazahotels.net
www.artotels.com
www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/0878J_-2011-6-24.pdf

 

END

 

 

PDILZLFLFQFFBBZ