Minor International Public : MINT TO COMMENCE ACCEPTANCE PERIOD FOR TENDER OFFER OF NH HOTEL GROUP
October 05, 2018 at 05:03 am EDT
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PRESS RELEASE - 5 October 2018 FOR IMMEDIATE RELEASE
MINT TO COMMENCE ACCEPTANCE PERIOD FOR TENDER OFFER OF NH HOTEL GROUP
Further to the authorization from the Spanish Stock Exchange Commission ("CNMV") on 2 October 2018, Minor International ("MINT") today made a formal announcement to launch its public all-cash tender offer to acquire the shares of NH Hotel Group at a price of EUR 6.30 per share. The acceptance period will commence on 8 October 2018 and will end on 22 October 2018, resulting in a tender offer period of 15 calendar days. The final result of the offer will be published within a maximum period of seven business days after the end of the acceptance period.
Following completion of the tender offer, MINT intends to keep NH Hotel Group as a publicly-listed company on the Madrid Stock Exchange and will work with NH Hotel Group's Board of Directors and existing management team to support its long-term strategic plan and growth aspirations. MINT reiterates its commitment to strong corporate governance, as well as its confidence in value creation opportunities and will work with NH Hotel Group to maximize shareholders' value for both firms.
The prospectus which contains the full terms and conditions of the tender offer are available for download atwww.minor.com/NHhotel/index.php.
About Minor International: Minor International (MINT) is a global company focused on three core businesses: restaurants, hospitality and lifestyle brands distribution. MINT is one of Asia's largest restaurant companies with over 2,100 outlets operating system-wide in 27 countries under The Pizza Company, Swensen's, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, BreadTalk (Thailand), Riverside and Benihana brands. MINT is also a hotel owner, operator and investor with a portfolio of 164 hotels and serviced suites under the Anantara, AVANI, Oaks, Tivoli, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu, The Beaumont and Minor International brands in 26 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and South America. In addition, MINT recently reinforced its strategic expansion into Europe and South America with a 46.4% stake in NH Hotel Group, a leading operator of city-center hotels listed on the Madrid Stock Exchange. NH Hotel Group provides MINT with a portfolio of 385 hotels and almost 60,000 rooms under the NH Collection, NH Hotel, nhow and Hesperia brands in 30 markets across Europe, the Americas and Africa. MINT is one of Thailand's largest distributors of lifestyle brands and contract manufacturers. Its brands include Gap, Banana Republic, Brooks Brothers, Esprit, Bossini, Etam, OVS, Radley, Anello, Charles & Keith, Pedro, Zwilling J.A. Henckels, Joseph Joseph, Bodum and Minor Smart Kids. For more information, please visitwww.minorinternational.com.
Minor International pcl published this content on 05 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 October 2018 09:02:01 UTC
Minor International Public Company Limited is a Thailand-based company engaged in the investment activities, hotels, restaurant operations, and distribution and manufacturing. The Company operates through four segments: Hotel, Mixed use, Restaurant and Retail. The Company operates hotels, resorts and serviced suites with a portfolio of over 530 hotels under the Anantara, AVANI, Oaks, Tivoli, Elewana, NH Collection, NH, nhow, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands. Its hotel and spa portfolio spans across 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas. The Company operates mixed-use business, including shopping plazas and entertainment, residential properties, and a points-based vacation club. It offers fashion and lifestyle products under various brands, including Anello, BergHOFF, Bossini, Charles & Keith, Joseph Joseph, Zwilling J.A. and Minor Smart Kids.
MINOR INTERNATIONAL 
