HAMILTON, Bermuda, November 8, 2010 /PRNewswire-FirstCall/ --
Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), owners
or part-owners and managers of 50 luxury hotels, restaurants, tourist trains
and river cruise properties operating in 24 countries, today announced that
it plans to sell 8,500,000 shares of Class A common shares, par value $.01
per share, in an underwritten public offering pursuant to its effective
automatic shelf registration statement previously filed with the Securities
and Exchange Commission.
The underwriters will be granted a 30-day option to purchase up to an
additional 1,275,000 shares to cover over-allotments, if any. The Company
intends to use the net proceeds from this offering for general corporate
Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as
joint book-running managers and underwriters for the offering.
Copies of the prospectus supplement relating to these securities may be
obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus
Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone:
+1(800)503-4611 or email at email@example.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. Any offer or
sale will be made only by means of the written prospectus forming part of the
effective registration statement.
Vice President, Chief Financial Officer
SOURCE Orient Express Hotels Ltd