INTOSOL Holdings plc Open Offer Update
January 07 2019 - 4:45AM
UK Regulatory
TIDMINTO
INTOSOL Holdings Plc / Ticker: INTO / Index: LSE / Sector: Travel & Leisure
7 January 2019
INTOSOL Holdings Plc ('INTOSOL' or the 'Company')
Open Offer Update
INTOSOL Holdings Plc, the award-winning international luxury travel company,
announces that, as per the RNS dated 16 November 2018, it has closed its Open
Offer to Shareholders and that no additional funds have been taken by the
Company.
INTOSOL continues to make excellent progress in building a leading luxury
bespoke travel company with an international client base, a global experience
portfolio and a range of high-end properties across the world, providing high
margin revenue and asset backing. The Company continues to develop its SOUL
Private Collection www.soulprivatecollection.com, a portfolio of owned and
managed boutique hotels, which has recently been added to following the signing
of a two year contract to manage a luxury hotel based in Cape Town, SOUL on
Llandudno, www.soulonllandudno.co.za. The portfolio now consists of six
properties which continue to generate robust revenues and margins.
**ENDS**
For further information on INTOSOL visit the Company's website
www.intosolholdingsplc.com or contact:
Rainer Spekowius INTOSOL Holdings Plc Tel: +44 (0) 20 7236
Executive Chairman 1177
Charles Goodfellow / Martin Peterhouse Corporate Tel: +44 (0) 20 7220
Lampshire Finance 9791
(Corporate Broker)
Juliet Earl / Gaby Jenner St Brides Partners Ltd Tel: +44 (0) 20 7236
(Financial PR) 1177
Notes
INTOSOL Holdings PLC is a London listed international luxury travel company
that merges private travel design with hotel management and property ownership
to provide bespoke, high-end global travel experiences across the world. Its
profitable private design business which blends personal contact with
proprietary technology, VIRTOSOL, already services a growing client base of
over 15,000 and the Company is focussed on further expansion into
English-speaking markets. To increase margin and asset backing, it is building
its SOUL Private Collection of leased and owned boutique properties. In line
with this, it is in the process of purchasing and developing a number of sites
in South Africa including Oceans Wilderness, a luxury nine-bedroom boutique
hotel in the Garden Route and a commercial safari lodge in the renowned
Leadwood Big Game Estate, one of the premier places to see the Big 5.
The luxury travel market continues to grow and tends to be immune to economic
fluctuations, with high-end customers favouring bespoke and exclusive
experiences regardless of the greater economic climate. INTOSOL is ideally
positioned to capitalise on this trend and execute its growth strategy to
become a leading bespoke travel company with an international client base, a
global experience portfolio and a range of high-end properties across the world
providing high margin revenue and asset backing.
END
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January 07, 2019 05:45 ET (10:45 GMT)
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