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	IHG Holdings plc - Prospectus 28 August 2009

The Company

Island Hotels Group Holdings plc (IHG) was registered as a public limited liability company on 21 August 2009 following a restructuring exercise of the Island Hotels Group. Currently, the Group owns and operates three hotels namely: (i) the Coastline Hotel (100%), (ii) Radisson BLU St.Julians (100%) and (iii) the Radisson BLU Golden Sands (50% owned through the Group’s joint venture – Golden Sands Resort Limited). Moreover, the Group has a 50% shareholding interest in Azure Group which specializes in vacation ownership (selling of time-share). IHG also fully owns Island Caterers Limited which operates in the events catering market. The Island Hotels Group were the only bidders for the development of land & property at Hal-Ferh following a tender issued by the Government of Malta on 20 March 2009.

Use of Proceeds

The €14 million bonds were created as a result of the restructuring of the Island Hotels Group and issued to the two founder shareholders. These bonds were offered by TMC Limited to enable it to partly fund the purchase of a further 25% of the issued share capital of IHG Holdings plc. Meanwhile the bond offer by Vassallo Builders Group Limited enable this founding shareholder to realise its investment in the Group.

Security & Status

Unsecured & Unsubordinated

Coupon

6.5%

Amount Issued

€14,000,000

ISIN Code

MT0000481219

Maturity

The bonds will mature at par (100%) on 30 June 2019 but may be redeemed early on any date falling between 1 July 2017 up to and including 29 June 2019 by giving not less than 60 days notice.

Interest Payment

Annually on 30 June

XD Date

16 June

Listing

Official List

No. of Bondholders

2,164

Directors

Winston V. Zahra, Winston J. Zahra, Trevor E. Zahra, John Bonello, Kwang Sim, William Hancock and Gary Neville.