The underwriters will be granted a 30-day option to purchase up to an
additional 1.5 million shares to cover over-allotments, if any. The Company
intends to use the net proceeds from this offering to pay the cash portion of
the purchase price of two hotel properties located in Taormina,
The total purchase price of the two hotels, the luxury 83-key Grand Hotel
Timeo and the nearby 78-key Villa Sant'Andrea, is approximately
Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers and underwriters for the offering.
Copies of the prospectus supplement relating to these securities may be
obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus
Department, 100 Plaza One,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming part of the effective registration statement.
Contact: Martin O'Grady Vice President, Chief Financial Officer Tel: +44-20-7921-4038 E: firstname.lastname@example.org Pippa Isbell Vice President, Corporate Communications Tel: +44-20-7921-4065 E: email@example.com
SOURCE Orient Express Hotels Ltd