India Hospitality Corp.
21 June 2007
For Immediate Release 21 June 2007
India Hospitality Corp.
Publication of Proxy Statement and Admission Document
New York, NY. - June 21, 2007 - India Hospitality Corp. (LSE: IHC, IHC or India
Hospitality), today announced the publication of its proxy statement and
admission document regarding the proposed acquisitions of India-based Mars
Restaurants Private Limited (MRPL) and SkyGourmet Catering Private Limited
(SCPL), announced on June 19, 2007. In accordance with the AIM Rules for
Companies, trading in IHC's ordinary shares and warrants is expected to
re-commence today.
The proxy statement and admission document, which includes notice of an
Extraordinary General Meeting of the shareholders of IHC to be held on July 17,
2007, to approve the acquisition of MRPL and SCPL, and the related transactions,
will be posted to IHC shareholders later today. IHC expects the acquisition to
close on or about July 18, 2007.
For Further Information Contact:
Investor Relations Contact: ICR Inc.
William Schmitt
203-682-8200
Media Contact: Buchanan Communications
Richard Darby, Isabel Podda
+44 207 466 5000
Nominated Adviser and Broker: Deutsche Bank
Mumtaz Naseem
+44 20 7545 8000
Deutsche Bank AG is authorised under German Banking Law (competent authority:
BaFin - Federal Financial Supervising Authority) and with respect to UK
commodity derivatives business by the Financial Services Authority; regulated by
the Financial Services Authority for the conduct of UK business. Deutsche Bank
is acting exclusively for IHC. and no-one else in connection with the
acquisition and related transactions and other matters referred to in this
announcement and will not be responsible to anyone other than IHC. for providing
the protections afforded to clients of Deutsche Bank AG nor for providing advice
in relation to the acquisitions and related transactions or any matter referred
to in this announcement.
Deutsche Bank is IHC's nominated adviser and broker for the purposes of the AIM
Rules for Companies. Its responsibilities as IHC's nominated adviser and broker
under the AIM Rules for Nominated Advisers are owed solely to London Stock
Exchange plc and not to IHC, any director of IHC or any other person.
No offer or invitation to purchase or subscribe for ordinary shares in or
warrants to purchase or subscribe for ordinary shares or warrants of IHC is
being made by this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange