India Hospitality Corp.
("IHC" or the "Company")
5 March 2012
RESULT OF EGM
India Hospitality Corp. announces that at the extraordinary general meeting of the Company held earlier today, the resolution put to shareholders to cancel the admission of the Company's ordinary shares (the "IHC Shares") to trading on AIM, a market operated by London Stock Exchange plc, was passed.
Accordingly, trading of the IHC Shares on AIM will cease at the close of business on 12 March 2012 with the delisting taking effect at 7.00 a.m. on 13 March 2012. The depositary interest facility relating to the IHC Shares will terminate on 10 April 2012. The Company is investigating the possibility of introducing a mechanism by which shareholders might be able to trade their IHC Shares following the delisting, possibly through a form of matched bargain facility. Details of any such mechanism will be notified in due course. Share certificates will be despatched to shareholders who hold depositary interests relating to IHC Shares by 20 April 2012.
For further information contact:
India Hospitality Corp.
Rajesh Mittal
rmittal@ihcor.com
www.indiahospitalitycorp.com
Nominated Adviser: Grant Thornton Corporate Finance
Colin Aaronson, Salmaan Khawaja
+44 20 7383 5100
Broker: Execution Noble & Company Ltd
James Bromhead
+44 20 7456 9191
Media Contact: Mutual Public Relations Ltd.
Harsh Wardhan
+91 11 4362 0700
About India Hospitality Corp.
The Company is present in the hotel & restaurant segments, through its India-based subsidiary Wah Restaurants Private Limited (formerly Mars Restaurants Private Limited) which operates 58 patisseries under the "Birdy's" brand and a hotel in India.
This information is provided by RNS
The company news service from the London Stock Exchange
END
This information is provided by RNS