• Orient-Express raises $117.2m

Orient-Express Hotels has received net proceeds of approximately $117.2m as a result of its 10,000,000 share offering.

The underwriters for the offering exercised in full their over-allotment option to purchase an additional 1,500,000 Class A common shares, bringing the total shares sold to 11,500,000 at a price of $10.75 per share for gross proceeds of $123.6m. The proceeds will be used for general corporate purposes.

See the full release here:
http://phx.corporate-ir.net/phoenix.zhtml?c=122664&p=irol-newsArticle&ID=1496536&highlight=

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