Great Eagle Declares Special Dividend of Langham Hospitality Investments Stapled Units

MT Newswires Live

Feb 26

Great Eagle (HKG:0041) declared a special dividend by way of a distribution in specie of share stapled units (SSUs) of Langham Hospitality Investments and Langham Hospitality Investments Limited (HKG:1270) based on one SSU for every 15 shares held, according to a Wednesday Hong Kong bourse filing.

The company expects to distribute about 49.8 million SSUs, subject to adjustments.

The distribution will be satisfied partly by 30.4 million deferred SSUs originally intended to be issued to the group and partly by SSUs currently held by the group.

Following completion of the distribution, Great Eagle's indirect interest in the trust and LHI is expected to decrease to about 69.3% from about 70.3%, assuming no other changes.

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