Asset Acquisitions and Disposals::Announcement on Increase in Shareholding in Subsidiary, Millennium & Copthorne Hotels plc

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
27-Jun-2014 18:16:21
Status
New
Announcement Sub Title
Announcement on Increase in Shareholding in Subsidiary, Millennium & Copthorne Hotels plc
Announcement Reference
SG140627OTHR13K5
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of City Developments Limited (the "Company") wishes to announce that Reach Across International Limited ("Reach Across"), a subsidiary of the Company, has on 27 June 2014 acquired 2,130,000 shares of 30 pence each in Millennium & Copthorne Hotels plc ("M&C") for an aggregate consideration of GBP12,487,521.71 (including brokerage and fees). Following the acquisition, the Company's deemed interest in M&C held through its subsidiaries, has increased to 194,786,624 shares, representing 60.005% of M&C's issued share capital.

By Order of the Board

Enid Ling Peek Fong
Company Secretary
27 June 2014