WINNIPEG, June 11, 2013 /CNW/ - Temple Hotels Inc. ("Temple") (TSX: TPH) announces that today it sold 2,919,045 common shares ("Holloway Shares") of Holloway Lodging Corporation ("Holloway") at a price of $3.54 per share, representing approximately 15.7% of
the issued and outstanding Holloway Shares.
As a result of the sale, neither Temple nor, to its knowledge, any joint
actor of Temple, has beneficial ownership or exclusive or shared
control over any other Holloway Shares or securities convertible into
The Holloway Shares were sold by Temple to accredited investors through
the facilities of the Toronto Stock Exchange. The sale price was $3.54
per Holloway Share for an aggregate sale price of $10,333,419.
A report respecting the sale of Holloway Shares by Temple will be
electronically filed with applicable Canadian securities regulatory
authorities and will be available for viewing at www.sedar.com. A copy of the report (once filed) may be obtained by contacting Mr.
Arni Thorsteinson, Chief Executive Officer of Temple, or Mr. Gino
Romagnoli, Investor Relations, at (204) 475-9090.
Temple is a real estate investment company listed on the Toronto Stock
Exchange under the symbols TPH (shares), TPH.DB.C, TPH.DB.D, TPH.DB.E
and TPH.DB.F (convertible debentures). The objective of Temple is to
provide shareholders with stable cash dividends from investment in a
diversified portfolio of hotel properties and related assets. For
further information on Temple, please visit our website at www.templehotels.ca.
The TSX has not reviewed or approved the contents of this press release
and neither accepts responsibility for the adequacy or accuracy of this
SOURCE: Temple Hotels Inc.
For further information:
Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: email@example.com