18 July 2019
INTOSOL Holdings
Plc (‘INTOSOL’ or the ‘Company’)
Clarification
Announcement re: First Tranche Payment Completed for Oceans
Wilderness
INTOSOL Holdings Plc, the award-winning international luxury
travel company, wishes to provide clarification on the announcement
dated 16 July 2019 (“16 July
RNS”)’ re the issue of of 938,735 new ordinary shares in the
Company (“New Shares”) to Van Zuijlekom Afrika Trust
(“VZAT”), and the first payment for the Oceans Wilderness
boutique hotel located in the Garden Route in South Africa
(www.oceanswilderness.co.za).
The Company wishes to clarify that is has issued and allotted
the New Shares to RSP Beteiligungs GmbH (“RSP”), a company
owned by and a Person Closely Associated with Rainer Spekowius,
Executive Chairman of Intosol, and that RSP has agreed to transfer
938,735 existing ordinary shares in the Company currently owed by
it to VZAT, as outlined in the RNS released on 29 May 2019.
Application has been made to the UK Listing Authority for the
admission of the New Shares to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's Main Market
for listed securities and it is expected that dealings will
commence on 24 July 2019. The
new Ordinary Shares will rank pari passu in all respects
with the existing ordinary shares in issue
(“Admission”).
Upon Admission, the issued ordinary share capital of the Company
will consist of 13,213,853 ordinary shares (“Enlarged
Issued Share Capital”). This figure may be used by
shareholders as the denominator for the calculations by which
they determine if they are required to notify their interest in or
a change to their interest in the Company under the Disclosure
Guidance and Transparency Rules of the UK Financial Conduct
Authority.
Following the issue of the New Shares, RSP is interested in
7,562,648 ordinary shares in the Company equating to 57.23 % of the
enlarged Issued Share Capital.
**ENDS**
For further information on INTOSOL visit the Company’s
website www.intosolholdingsplc.com or contact:
Rainer Spekowius
Executive Chairman |
INTOSOL Holdings Plc |
|
Tel: +44 (0) 20 7236 1177 |
Claire Noyce
(Corporate Broker) |
Hybridan LLP |
|
Tel: +44 (0)203 764 2341 |
Juliet Earl / Gaby Jenner
(Financial PR) |
St Brides Partners Ltd |
|
Tel: +44 (0) 20 7236 1177 |
Notes
INTOSOL Holdings PLC is a London-listed international luxury travel
company that combines highly personalised travel design with
property ownership and management to provide high-end global travel
experiences. To improve margins, it is building its
SOUL Private Collection of leased and owned boutique properties,
and 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 locations to see
the so-called Big Five on safari (lion, leopard, rhinoceros,
elephant and Cape buffalo).
The SOUL Private Collection
INTOSOL’s SOUL Private Collection includes two properties in
Cape Town, South Africa: SOUL on
Llandudno
(www.soulonllandudno.co.za) and Penthouse on Beach
(www.penthouseonbeach.co.za). The flagship property in the
portfolio, Oceans Wilderness (www.oceanswilderness.co.za), which
reported a strong maiden financial performance in its first year of
operation, is located on the Garden Route along with SOUL Rainbow’s
End and SOUL on the Heads. The Company also owns a site to build
the Leadwood Safari Lodge in the Leadwood Big Game Estate
(www.leadwood.net), one of the premier locations globally to see
the Big Five in the wild.
INTOSOL Private Travel Design
The Private Travel Design division tailors bespoke and unique
experiences to a high-end client base which currently stands at
over 15,000. The division has a unique and growing network of over
3,500 hotel and agency partners worldwide.
Notification and
public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014 |
|
1 |
Details
of the person discharging managerial responsibilities/person
closely associated |
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a. |
Name |
RSP
Beteiligungs GmbH |
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2 |
Reason for notification |
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a. |
Position/Status |
PCA of
Executive Chairman - Rainer Spekowius |
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b. |
Initial
notification/
Amendment |
Initial
Notification |
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3 |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
|
a. |
Name |
INTOSOL
Holdings Plc |
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b. |
LEI |
875500E4LFTITI39RR47 |
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4 |
Details
of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted |
|
a. |
Description of the
financial instrument, type of instrument
Identification Code |
Ordinary Shares of 10 pence each
GB00BFYY4Y44 |
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b. |
Nature of the
transaction |
Issue of
Ordinary Shares |
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c. |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
N/A |
938,735 |
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d. |
Aggregated information
- Aggregated Volume
- Price |
N/A |
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e. |
Date of the
transaction |
17 June 2019 |
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f. |
Place of the
transaction |
Outside a
trading venue |
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