Capital Management Limited (Oceanwood
Capital) and Minor International (MINT) have entered into a Share
Purchase Agreement of 22,496,064 shares representing a 5.7%
shareholding in Spainís NH Hotel Group.
The deal is subject to the approval of MINTís
General Shareholders in a meeting to be held on 9 August 2018.
As a result of this transaction and the
agreement to acquire from Tangla Spain SLU 32,937,996 NH Hotel
Group shares representing an 8.4% shareholding in NH Hotel group,
as announced on 5 June 2018, which is subject to the same
condition, MINT would control 172,379,103 shares in NH Hotel
Group, representing a 44.0% shareholding.
support from MINT's key long-term shareholders on the contemplated
transactions, including Mr. William E. Heinecke and the entire
MINT's Board of Directors, MINT will hold an extraordinary general
meeting (EGM) on 9 August 2018 for the approval of the tender
offer and the 8.4% NH Hotel Group stake from Tangla Spain SLU.
The tender offer has also received full financing
support from MINT's financial institutions.
As stated in the
Relevant Fact submitted on 20 July 2018 to the CNMV, both the
Spanish and Portuguese Antitrust Authorities (Comisiůn Nacional
de los Mercados y la Competencia and Autoridade da ConcorrÍncia,
respectively) approved the proposed acquisition of NH Hotel Group
by MINT, thus fulfilling one of the two conditions to the offer
included in the MINT Bid Offer.
MINTís offer was admitted for processing on 19
July 2018 (Admisiůn a TrŠmite) by the
CNMV, following the ordinary proceeding.
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