Thistle Hotels PLC - Re Directorate
February 17 1999 - 2:30AM
UK Regulatory
RNS No 7393b
THISTLE HOTELS PLC
17th February 1999
THREE NEW DIRECTORS JOIN THE THISTLE BOARD
Thistle Hotels plc has today appointed Tan Sri Quek Leng Chan
and Mr Rupert Morley as non-executive directors. They have been
nominated by Brierley Investments Limited of New Zealand, which
has a 46% shareholding in Thistle Hotels, to replace its two
existing nominees as non-executive directors, Mr Rodney Price
and Mr Paul Collins, following their resignation from the
Brierley board.
Tan Sri Quek Leng Chan is Chairman of the Hong Leong Group in
Malaysia and of Camerlin Limited, a major shareholder in
Brierley Investments Limited of which Tan Sri Quek is a non-
executive director. Mr Rupert Morley is the Operations Director
of Brierley's London office.
Thistle Hotels has today also appointed Mr Andrew Bould, Chief
Operating Officer, to the board. Mr Bould joined Thistle in
July 1998, having previously been Managing Director of Queens
Moat House UK Operations.
The board has decided to seek an outside, non-executive Chairman
to replace Mr Price. An announcement will be made in due
course. In the meantime, Mr Charles Mackay, non-executive
Deputy Chairman, will act as Chairman.
For further information, please contact:
Charles Mackay Thistle Hotels 0171 723 0101
Ian Burke Thistle Hotels 0171 723 0101
Mark Horton BIL, New Zealand 00 64 4 470 8801
Nick Denton Hogarth Partnership 0171 357 9477
Note to Editors:
Thistle Hotels' Trading Update of 26 January announced that like
for like room yields grew by 5.6% in 1998, with a slight drop in
occupancy from 72.3% to 71.9% more than offset by a 6.1%
increase in average room rates from #64.88 to #68.87. These
results were in line with market expectations. Thistle's
preliminary full year results will be announced on 3 March.
END
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