HAMILTON, Bermuda, November 8, 2010 /PRNewswire/ -- Orient-Express
Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), owners or
part-owners and managers of 50 luxury hotels, restaurants, tourist
trains and river cruise properties operating in 24 countries, today
announced that it plans to sell 8,500,000 shares of Class A common
shares, par value $.01 per share, in
an underwritten public offering pursuant to its effective automatic
shelf registration statement previously filed with the Securities
and Exchange Commission.
The underwriters will be granted a 30-day option to purchase up
to an additional 1,275,000 shares to cover over-allotments, if any.
The Company intends to use the net proceeds from this offering for
general corporate purposes.
Deutsche Bank Securities Inc. and Barclays Capital Inc. are
acting as joint book-running managers and underwriters for the
offering.
Copies of the prospectus supplement relating to these securities
may be obtained by contacting Deutsche Bank Securities Inc., Attn:
Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone:
+1(800)503-4611 or email at prospectus.cpdg@db.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offer or sale will be made only by means
of the written prospectus forming part of the effective
registration statement.
Contact:
Martin O'Grady
Vice President, Chief Financial Officer
Tel: +44-20-7921-4038
E: martin.ogrady@orient-express.com