Elegant Hotels Group PLC Posting of Report & Accounts and Notice of AGM (9234N)
January 23 2019 - 10:58AM
UK Regulatory
TIDMEHG
RNS Number : 9234N
Elegant Hotels Group PLC
23 January 2019
23 January 2019
Elegant Hotels Group plc
("Elegant Hotels" or the "Company")
Posting of Report and Accounts and Notice of Annual General
Meeting
The Board of Elegant Hotels, the owner and operator of seven
upscale freehold hotels and a beachfront restaurant on the island
of Barbados, announces that copies of its Annual Report and
Financial Statements for the period ending 30 September 2018,
together with the Notice of Annual General Meeting and Form of
Proxy, will be posted to shareholders today.
Electronic copies of the Annual Report and Financial Statements,
the Notice of Annual General Meeting and Form of Proxy are
available to view on the Company's website,
www.eleganthotelsgroup.com.
The Annual General Meeting will be held at the offices of
Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT on 26
February 2019 at 11:00 a.m.
For further information
Elegant Hotels Group plc
Sunil Chatrani, Chief Executive Officer
Jeff Singleton, Chief Financial Officer +1 246 432 6500
Liberum Capital Limited (NOMAD and Joint
Broker)
Clayton Bush / Chris Clarke / William Hall +44 (0) 203 100 2222
Zeus Capital Limited (Joint Broker)
John Goold / Dominic King +44 (0) 203 829 5000
Powerscourt
Rob Greening / Lisa Kavanagh / Isabelle
Saber
Email: eleganthotels@powerscourt-group.com +44 (0) 207 250 1446
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury freehold hotels
and a beachfront restaurant, Daphne's, on the island of Barbados.
The Group's portfolio currently comprises 588 rooms, making it
twice as large (by room number) as the closest competitor in the
Barbados luxury hotel room market. Six of the seven properties are
situated along the prestigious west coast of Barbados commonly
known as the "Platinum Coast". The properties are all freehold,
with a total aggregate plot size of approximately 23 acres and an
aggregate beachfront of 2,600 feet.
In the year ended 30 September 2018, the Group achieved revenue
of $63 million and EBITDA before non-recurring items of $19.7
million.
Together, the Group's seven existing hotels - Colony Club,
Treasure Beach, Tamarind, The House, Crystal Cove, Turtle Beach and
Waves Hotel & Spa - offer styles encompassing classic and
contemporary, family-friendly and adults-only. The Group also has a
management contract for Hodges Bay Resort in Antigua and a sales
and marketing contract for The Landings Resort & Spa in St.
Lucia.
The Group's strategy is to leverage its position as a leading
hotel operator in Barbados and to expand both on Barbados as well
as further into the Caribbean.
Investor website: http://www.eleganthotelsgroup.com
Consumer website: http://www.eleganthotels.com
This information is provided by RNS, the news service of the
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END
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