26 April 2012
Shore Capital Group Limited sets out below a copy of an announcement issued today by Puma Hotels plc:
Puma Hotels plc announces the early termination of leases with Barceló and takes back operational control of hotel portfolio
Further to its release of 3 April 2012, Puma Hotels plc ("Puma Hotels" or the "Company") announces that it has completed the business transfer agreement effecting the early termination of leases with Barceló Corporación Empresarial S.A. ("BCE") and various UK subsidiary undertakings of BCE (together "the BCE Entities"). This agreement relates to the leases of the hotels owned by the Company which were previously held by the BCE Entities.
For more information:
Shore Capital Group Limited
Howard Shore +44 (0) 20 7468 7911
Lynn Bruce +44 (0) 20 7408 4050
Buchanan
Richard Oldworth/Jeremy Garcia/Helen Chan +44 (0) 20 7466 5000
Deloitte Corporate Finance (Nominated Adviser)
Jonathan Hinton / James Lewis +44 (0) 20 7936 3000
RBC Capital Markets (Broker)
Josh Critchley / Martin Eales +44 (0) 20 7653 4000