HAMILTON, Bermuda, November 9, 2010 /PRNewswire-FirstCall/ --
Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today
announced the pricing of its public offering of 10,000,000 Class A common
shares at a price of $10.75 per share. The Company has granted the
underwriters an option to purchase up to an additional 1,500,000 shares to
cover over-allotments, if any. Subject to customary conditions, the offering
is expected to close on or about Friday, November 12, 2010.
The Company intends to use the net proceeds from this offering, which are
expected to be approximately $102.1 million (without giving effect to any
exercise of the underwriters' over-allotment option), 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 firstname.lastname@example.org or Barclays Capital Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, +1(888)603-5847 or email email@example.com.
Vice President, Chief Financial Officer
SOURCE Orient Express Hotels Ltd