HALIFAX, NOVA SCOTIA--(Marketwire - April 13, 2012) - Royal Host Inc. ("Royal Host" or the "Company") (TSX:RYL.TO - News) (TSX:RYL-DBB.TO - News) (TSX:RYL-DBC.TO - News) (TSX:RYL-DBD.TO - News) announced today that a total of 225,580 incentive stock options have been granted to officers and employees of the Company pursuant to the Company's Stock Option Plan. Of the total granted, 189,043 were granted to officers and the balance of 36,537, were granted to employees. The stock options are exercisable for a period of five years at a price of $1.55 per share. The Company has 17,582,378 common shares issued and outstanding and a maximum of 1,000,000 shares are reserved for issuance upon the exercise of options under the Company's stock option plan. Including this grant of 225,580 options, a total of 273,407 options have been issued under the stock option plan and 726,593 options are available to be granted in the future.
ROYAL HOST INC.
Royal Host is a diversified hospitality company that delivers shareholder value through hotel ownership, investment and franchising. The Company's hotels, which contain 3,092 rooms, are located in five Provinces and Territories across Canada. Twenty-two of the Company's hotels operate under internationally recognized brands such as Travelodge(R), Super 8(R), Holiday Inn(R), Hilton(R) and Country Inns & Suites(R). Two of the Company's hotels are unbranded. In addition to its real estate holdings, the Company owns and operates the Travelodge Canada franchise business which is currently comprised of over 90 hotels across nine Provinces and Territories.
Royal Host's common shares and convertible debentures are traded on the Toronto Stock Exchange under the trading symbols "RYL", "RYL.DB.B", "RYL.DB.C" and "RYL.DB.D" respectively.
This press release may contain certain forward-looking statements relating, but not limited to, Royal Host's operations, anticipated financial performance, business prospects, and strategies. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", or similar words suggesting future outcomes. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such factors include, but are not limited to, economic, competitive, and lodging industry conditions. Royal Host disclaims any responsibility to update any such forward-looking statements except as required by law.
This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.
Royal Host Inc.
President and Chief Executive Officer
Royal Host Inc.
Chief Financial Officer