Action Hotels PLC Amendment to Warrant Instrument (4864T)

TIDMAHCG

RNS Number : 4864T

Action Hotels PLC

06 January 2017

6 January 2017

Action Hotels plc

("Action")

Amendment to Warrant Instrument

Action Hotels plc, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, announces that it has amended the terms of a warrant instrument dated 17 December 2013 which constituted warrants to subscribe for 3,690,930 ordinary shares in the capital of Action at a price of 64 pence per share at any time prior to 23 December 2016 (the "Warrants"). The Warrants, which are freely transferrable, were issued at the time of Action's Admission to AIM to Omada Investment Management Limited, a Company which provides consultancy services to Action.

The only amendment to the terms of the Warrants was to extend the period during which they could be exercised to 23 December 2021. All other terms of the Warrants remain the same.

For more information, contact:

 
 Action Hotels PLC                      Tel: +44 (0) 20 7907 
                                        9663 
 Alain Debare, Chief Executive 
  Officer 
 Katie Shelton, Director of Corporate 
  Affairs 
 
 
 
 Zeus Capital plc (NOMAD & 
  Broker) 
 Dan Bate / Jonathan Sharp   Tel: +44 (0) 16 
                              1831 1512 
 Victoria Ayton              Tel: +44 (0) 20 
                              3829 5000 
 
 
 Camarco (Press enquiries) 
 Jennifer Renwick / Tom Huddart   Tel: +44 (0) 20 3757 4994

Notes to Editors

Action Hotels PLC

Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has 12 completed hotels with 2,181 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.

More information is available at http://www.actionhotels.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 06, 2017 02:00 ET (07:00 GMT)

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