International Hotel Investments plc – Information to maintain a fair market
International Hotel Investments plc – Information to maintain a fair market
International Hotel Investments p.l.c. has this morning announced that in line with its strategy to raise new equity it will soon be conducting road-shows with international institutional investors in various jurisdictions.
The Company has already made attempts in 2008, and again in 2010, to issue new shares by virtue of a public offering on an international exchange and to have its share capital listed on such an exchange. However, the turbulent economic condition of financial markets during this period, a challenge which remains on-going, has led the Company to postpone this proposed route for equity raising.
The Company said that its vision and objective remains of paramount importance and it is therefore looking for other means to raise equity capital. A number of potential investors have already been identified and the Company intends to make presentations, inviting them to participate in the subscription of new shares with a view of raising new equity capital on a private placement basis.
To view the full announcement please click here