Holding in Company
01 Abril 2003 - 1:50PM
UK Regulatory
RNS Number:5119J
Gresham Hotel Group Plc
01 April 2003
Gresham Hotel Group Plc
01 April 2003
Re: Holding in Company
A Letter from Euro Sea Hotels N.V. to the Irish Stock Exchange dated 31 March
2003, received by the Irish Stock Exchange on the 01 April 2003.
EURO SEA HOTELS N.V.
Hasselaersteeg 13
1012 MB Amsterdam
The Netherlands
31 March 2003
Dear Sirs
Pursuant to Section 91 of the Companies Act 1990, we hereby give notice that as
of 31 March 2003, we have disposed of the following shares of Gresham Hotel
Group plc to Irish River Holdings B.V.:-
Class of Security No. of Shares Total No.
of Shares in class
Ordinary Shares 13,663,500 79,041,102
Participating 4,188,893 4,200,000
Preference Shares
Details of the holding of Euro Sea Hotels N.V. and Irish River Holdings B.V. in
Gresham Hotel Group plc prior to this purchase and the shareholding of Irish
River Holdings B.V. after this purchase are set out in the schedule attached.
Details of the relationship between Irish River Holdings B.V. and Euro Sea
Hotels N.V. are set out in the Second Schedule hereto
Yours faithfully
____________________
For and on behalf of
Euro Sea Hotels N.V.
Schedule
Ordinary Shares Participating Preference Total Voting Shares
Shares
Total Share Capital 79,041,102 4,200,000 83,241,102
As at 31 March 2003
Euro Sea Hotel N.V. 13,663,500 4,188,893 17,852,393
holdings as
at 28 March 2003
Percentage held 17.28% 99.74% 21.45%
Irish River 5,369,101 0 5,369,101
Holdings
B.V. holding as at 28 March
2003
Percentage held 6.79% 0 6.45%
Shares 13,663,500 4,188,893 17,852,393
purchased
from
Euro Sea Hotels N.V. by
Irish River Holdings B.V.
Total 19,032,601 4,188,893 23,221,494
held
on 31 March 2003 by Irish
River Holdings B.V.
Percentage 24.08% 99.74% 27.90%
held as
at 31 March 2003
Percentage 17.28% 99.74% 21.45%
purchased
on 31 March 2003
Second Schedule
RED SEA HOTELS LIMITED
100%
RED SEA CLUB LIMITED
100%
SOUTHERN HOTEL HOLDINGS
& INVESTMENT ISRAEL B.V.
100%
EURO SEA HOTELS N.V.
100%
IRISH RIVER HOLDINGS B.V.
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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