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Lemon Tree Hotels Limited — Capital/Financing Update 2019
Oct 25, 2019
62704_rns_2019-10-25_d5534f14-81b2-44f0-a866-9d96e7658658.pdf
Capital/Financing Update
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October 25, 2019
National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400051
NSE Scrip Symbol: LEMONTREE BSE Scrip Code: 541233
emontree' HOTELS
Subject: Intimation under Regulation 30(9) of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015
In continuation to the disclosure made by Lemon Tree Hotels Limited (Company) on 29" June, 2019 wherein the Company has intimated regarding the transactions approved by the Board of Directors of Fleur Hotels Private Limited ("FHPL"), material subsidiary of the Company on acquisition of 100% share capital of Berggruen Hotels Private Limited (Keys Hotels) by FHPL and issuance of Compulsorily Convertible Preference Shares by FHPL for an amount not exceeding Rs. 421 Crore to APG Strategic Real Estate Pool N.V. and Company and further update dated 5" july, 2019 on signing of Share Purchase Agreementfor acquisition of 100% share capital of Keys Hotels by FHPL. In this regard please find below the further updates:
1. Update on the Acquisition of 100% Voting rights of Berggruen Hotels Private Limited (Keys Hotels) by FHPL
It is hereby informed that FHPL has signed an amendment to Share Purchase Agreement for extending the Long Stop Date (date of completion of acquisition of 100% share capital of Keys Hotels) to 18t November, 2019 or such period as may be agreed betweenthe parties. After such acquisition Keys Hotels shall be Wholly Owned Subsidiary (""WOS") of FHPL.
2. Issuance of Compulsorily Convertible Preference Shares by FHPL:
FHPL has received the share subscription money of Rs. 420.88 Crore from APG Strategic Real Estate Pool N.V and Company and the Share Allotment Committee of FHPL, in their meeting, —
Lemon Tree Hotels Limited (CIN No. L74899DL1992PLC049022) aee No ~ Registered Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 g Yo} \ T +91 11 4605 0101, F +91 11 46050110. E [email protected] www.lemontreehotels.com
| emontree'BODES | |||
|---|---|---|---|
| heldPreference | on24"October,2019,hasShares("CCPS")asperbelow | approvedtheallotmentofdetails: | CompulsorilyConvertible |
| Sl.No, | Nameofthe Allottees | No. ofCCPS | ReceivedConsiderationpremiumincludingINR)(In |
| dy | APGStrategicRealEstatePoolNV. | 97,04,800 | 3,59,99,95,560 |
| 2. | LemonTreeHotelsLimitedCompany)(Holding | 16,41,200 | 60,88,03,140 |
| Total | 113,46,000 | 420,87,98,700 |
The aforesaid CCPS shall be converted into Equity shares of FHPL in the ratio of 1:1 as per terms and conditions of CCPS on or before 30" September, 2020,
The aboveis for information and record,
Thanking You
For Lemo CER,Ctels Limitedt
No Setretary & GM Legal and ComplianceOfficer
Lemon Tree Hotels Limited (CIN No. L74899DL1992PL.C049022) Registered Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 11 4605 0101, F +91 11 46050110, E [email protected] www.lemontreehotels.com