easyHotel PLC Directorate Change (2152X)

TIDMEZH

RNS Number : 2152X

easyHotel PLC

17 December 2019

easyHotel plc

("easyHotel", the "Group" or the "Company")

Directorate Update

The Board of easyHotel plc, the owner, developer and operator of "super budget" hotels, announces, further to the announcement of 21 November 2019, the appointment of Cadim Fonds Inc (incorporated on 1(st) September 1976), a wholly owned subsidiary of the Ivanhoé Cambridge group ("Ivanhoé Cambridge"), as Non-executive Director. Michael Neuman, as announced on 21 November 2019, has been appointed by Cadim Fonds Inc as its permanent representative on the easyHotel Board. Michael, a qualified Member of the Royal Institute of Charted Surveyors, joined Ivanhoé Cambridge in 2014 as a director of investments and currently serves as vice president investments Europe.

Cadim Fond Inc. is a consortium shareholder of Citrus Bidco Limited that owns 100,380,409 ordinary shares of 1p each in the Company representing approximately 68.77 per cent. of the Company's issued ordinary share capital.

Cadim Fonds Inc holds or has held no other directorships or partnerships in the past five years.

There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

ENDS

Enquiries:

 
 easyHotel plc 
 Scott Christie, Interim Chief          www.easyhotel.com 
  Executive Officer 
 Harm Meijer, Non-executive Chairman    http://ir.easyhotel.com 
 
 Investec (Nominated Adviser 
  and Broker)                           +44 (0) 20 7597 5970 
 David Anderson 
 Houston PR (Financial PR)              +44 (0) 20 3701 7660 
 Kate Hoare / Laura Stewart

Notes to Editors:

www.easyhotel.com http://ir.easyhotel.com

easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the super budget segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers.

Operating hotels

easyHotel has an estate of 40 hotels with 3,759 rooms, comprising 27 franchised hotels (2,332 rooms) and 13 owned hotels (1,427 rooms).

Owned hotels:

United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich, Milton Keynes.

Spain: Barcelona

France: Nice

Franchise locations:

United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.

Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht,), Portugal (Lisbon), Switzerland (Basel, Zurich).

International: UAE (Dubai).

Hotel development pipeline

The Company's committed development pipeline of owned and franchised hotels currently consists of:

Owned hotels:

United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge* and Bristol(#) .

Europe: Ireland (Dublin(#) ), France (Paris-Charles de Gaulle Airport).

Franchise hotels:

Europe: Spain (Malaga), Switzerland (Zurich, Basel).

*Hotels under an operating lease.

(#) Subject to planning permission.

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END

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