DGAP-News: Holmes Investment Properties PLC: Notice of General Meeting

10 February 2020


Holmes Investment Properties Plc

("HIP" or "the Company")

Notice of General Meeting

Holmes Investment Properties Plc (Berlin: J16), the UK property investment company focused on the leisure sector, has provided a Notice of a General Meeting to be held at the Institute of Directors, 116 Pall Mall, London, SW1Y 5ED at 1400hrs on 28 February 2020 to shareholders.

The Resolutions and further details can be found on the notice of the meeting previously posted to shareholders and on the website.

Michael Simmonds, CEO of HIP commented "The start to 2020 has been very positive following very tough market conditions during 2019, not least due to the political uncertainty created with Brexit, I am pleased that sentiment appears to have improved since the election result. We announced on 31 January 2020 that a conditional £75 million debt facility has been offered for the roll out of Everyone Entertained and the proposed resolutions, should they pass, is another step forward for the Company."

Enquiries:

HIP Plc
Martin Eberhardt, Chairman

Yellow Jersey
Charles Goodwin
Georgia Colkin +44 (0)203 004 9512
[email protected]

Notes to Editors

Holmes Investment Properties Plc

Holmes Investment Properties Plc (Berlin: J16), a UK property investment company focused on the leisure sector, listed on the Berlin Stock Exchange in 2011.

HIP plans to work with leisure operators to source plots of land, acquire sites under option agreements, gain planning consents, build the leisure centre site to the operator's specification and maximise their returns, against a pre-agreed long-term lease with an agreed yield.

As the leisure market continues to grow, along with the number of leisure centres in the UK, HIP intends to partner with fast growing companies, aiming to develop a minimum of 12 leisure centres over the next 5-6 years, significantly enhancing the Company's balance sheet.