TIDMEHG
RNS Number : 1742G
Elegant Hotels Group PLC
25 May 2017
This announcement contains inside information
Elegant Hotels Group plc
Board appointment
25 May 2017: The Board of Elegant Hotels Group plc ("Elegant
Hotels" or the "Group"), the owner and operator of seven upscale
freehold hotels and a beachfront restaurant on the island of
Barbados, is pleased to announce that Luke Johnson has been
appointed as a non-executive director of the Group with immediate
effect.
Luke Johnson is the Chairman of private equity house Risk
Capital Partners LLP, and his extensive range of other public and
private company roles include the chairmanships of Patisserie
Holdings PLC, The Brighton Pier Group PLC, Arden Partners PLC,
Bread Ltd, Neilson Active Holidays Ltd, The Draft House and Small
Batch Coffee. Previous chairmanships have included Channel 4
Television Corporation, PizzaExpress, and Giraffe Restaurants.
Luke Johnson holds 11,100,000 ordinary shares, representing
approximately 12.5 per cent. of Elegant Hotels' issued share
capital.
Simon Sherwood, Chairman of Elegant Hotels, commented: "We are
delighted to be welcoming someone of Luke's calibre and experience
to the Board of Elegant Hotels. His wealth of leisure industry
knowledge and his outstanding track record of helping companies to
achieve their ambitious growth plans will be hugely additive to the
Group as it continues to carry out its expansion programme in
Barbados and the wider Caribbean. We see significant potential for
continuing to enhance the food and beverage offering within our
portfolio, and Luke's expertise in that sector will therefore be
particularly valuable."
For further information:
Elegant Hotels Group plc +1 246 432 6500
Sunil Chatrani, Chief Executive
Officer
Jeff Singleton, Chief Financial
Officer
Zeus Capital Limited (NOMAD +44 (0) 203 829
and Joint Broker) 5000
Dan Bate / Andrew Jones
John Goold
Liberum Capital Limited (Joint
Broker)
Clayton Bush / Chris Clarke
/ Dominik Götzenberger +44 (0)20 3100 2222
Powerscourt
Rob Greening / Lisa Kavanagh +44 (0) 207 250
Email: eleganthotels@powerscourt-group.com 1446
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury hotels and a
beachfront restaurant, Daphne's, on the island of Barbados. The
Group's portfolio 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 2016, the Group achieved
revenues of $57.0 million and EBITDA before non-recurring items of
$19.6 million.
Together, the Group's seven existing hotels - Colony Club,
Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel &
Spa, and Treasure Beach - offer styles encompassing classic and
contemporary, family-friendly and adults-only.
The Group's shares were admitted to trading on the London Stock
Exchange's AIM in May 2015. Its objective since then has been to
leverage its position as a leading hotel operator in Barbados and
to expand both on Barbados and further into the Caribbean. In 2016
it signed a management contract with its first ever property
outside Barbados, Hodges Bay Resort in Antigua, which was followed
in 2017 by a marketing and sales services agreement with The
Landings Resort and Spa in St. Lucia.
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
Information on Luke Johnson required to be disclosed under
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for
Companies:
Luke Oliver Johnson, aged 55, is currently a director of the
following companies:
3Sixty Restaurants Limited
AKA Group Limited
Almeida Theatre Company Limited
Arden Partners EBT Limited
Arden Partners PLC
Assembly Festival Limited
Bakolori Restaurants Limited
Beak Street Films Limited
Bread Acquisitions Limited
Bread Holdings Limited
Brompton Bicycle Limited
Cedar Pharma Limited
Centre for Entrepreneurs Limited
Cowley Property Investment Limited
Cradley Brook Limited
Draft House Holding Limited
EGO Group Limited
EGO Restaurants Holdings Limited
EGO Restaurants Limited
Feng Sushi Limited
Fiery Development Limited
Fiery Dragons Limited
Forestrox Limited
Galliard (Group) Limited
Grand Entertainments Limited
Grand Union Company Limited
Halesend Estate Limited
ICR Enterprises Limited
Majestic Bingo Limited
Majestic Bingo Online Ltd
Malbec Topco Limited
Neilson Active Holidays (Holdings) Limited
Patisserie Acquisition Limited
Patisserie Holdings PLC
Patisserie Valerie Holdings Limited
Penyard House Acquisition Limited
Poseidon House Management Limited
RCP Co-Investment Partnership LP
RCP II Founder Partner LP
Recruitment Capital Partners LLP
Risk Capital Limited
Risk Capital Partners II (GP) Limited
Risk Capital Partners II (Scotland) Limited
Risk Capital Partners LLP
Small Batch Coffee Holdings Limited
Superbrands Limited
The Brighton Pier Group plc
The Generation of Z Limited
The Genuine Dining Co. Limited
The Institute of Cancer Research: Royal Cancer Hospital
(THE)
Zoggs Group Limited
In addition, Luke has held the following directorships in the
past five years:
Action on Addiction
APT Controls Limited
Buffet Restaurants Limited
Chrysalis Vision Limited
Clear Leisure plc
Contiga Capital Management
LLP
Cruise.Co (Holdings) Limited
E2Exchange Limited
Giraffe Concepts Limited
Harbour & Jones Limited
Hermitage Valley Limited
History Today Limited
London 8 Limited
Metro Bank plc
Metrodome Group Limited
Phaidon Press Limited
Playful Productions LLP
RSA Academies
RSA Adelphia Enterprises
Limited
Seafood Property Holdings
LLP
Spice Bakery Limited
Startup Britain Limited
Synabor Limited
The Bishopgate Foundation
The Career Colleges Company
(UK) Limited
The Cobden Club Limited
The Curious Cook Limited
Theatre Investment Fund
Limited
Zinc Media Group PLC
Zoggs Acquisitions Limited
Luke Johnson was a director of the following companies
when they were put into administrative receivership:
Just Tyres The company entered administrative receivership
Holdings on 11 October 2001. The company was dissolved
Limited on 17 July 2007
Autostop The company entered administrative receivership
Network on 11 October 2001. The company was dissolved
Limited on 12 August 2003
International The company entered administrative receivership
Tyre Brands on 11 October 2001. The company was dissolved
Limited on 17 July 2007
J T Realisation The company entered administrative receivership
Limited on 11 October 2001. The company was dissolved
on 17 July 2007
Joltburly The company entered administrative receivership
Limited on 11 October 2001. The company was dissolved
on 12 August 2003
Main Road The company entered administrative receivership
Properties on 11 October 2001. The company was dissolved
Limited on 17 July 2007
S T Realisation The company entered administrative receivership
Limited on 11 October 2001. The company was dissolved
on 17 July 2007
Luke Johnson was a director of the following companies
in the 12 months prior to them being put into administrative
receivership:
Sunday The company entered administrative receivership
Business on 22 July 1997 after Luke Johnson resigned
Newspapers as a director on 11 March 1997. The company
Limited was dissolved on 30 August 2002
Utility The company entered administrative receivership
Cable PLC on 14 September 1998 after Luke Johnson
resigned as a director on 22 May 1998.
The company was dissolved on 2 August
2007
Luke Johnson was a director of the following companies
when they were put into liquidation:
English The company was placed in insolvent liquidation
Classic on 6 April 1992 and was dissolved on 25
Cars Limited November 1995
Income The company entered creditors' voluntary
Tax Professionals liquidation on 2 June 1999 and the company
Limited was dissolved on 23 September 2003
The Cobden The company entered members' voluntary
Club Limited liquidation on 16 July 2013 and was dissolved
on 17 March 2016
Venice The company entered a members' voluntary
Bidder liquidation on 8 August 2003 and was dissolved
Limited on 15 February 2006
Venice The company entered a members' voluntary
Bond Limited liquidation on 8 August 2003 and was dissolved
on 16 February 2006
Venice The company entered a members' voluntary
Equity liquidation on 8 August 2003 and was dissolved
Limited on 16 February 2006
Venice The company entered a members' voluntary
Mezz Limited liquidation on 8 August 2003 and was dissolved
on 16 February 2006
Luke Johnson was a director of the following companies
in the 12 months prior to them being put into liquidation:
Automotive Luke Johnson resigned as a director on
Repair 4 October 2011 and the company was wound
Solutions up by the court on 3 September 2012
Limited
Robinbuy Luke Johnson was a non-executive director
Limited until 20 February 1997 and was placed
into liquidation on 24 February 1997 following
its solvent reconstruction and was dissolved
on 19 February 2000
Luke Johnson was a director of the following companies
in the 12 months prior to them being put into administration:
Bookshop The company entered administration on
Acquisitions 30 November 2009 after Luke Johnson resigned
Ltd as a director on 16 July 2009. The company
was dissolved on 22 February 2013
Borders The company entered administration on
(UK) Limited 26 November 2009 after Luke Johnson resigned
as a director on 16 July 2009. The company
was dissolved on 27 August 2011
The Curious The company entered administration on
Cook Limited 17 August 2015 after Luke Johnson resigned
as a director on 23 July 2015. The company
was dissolved on 26 November 2016
There is no further information on Luke Johnson required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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