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Island Hotels Group – Appointment of directors


The directors of Island Hotels Group Holdings plc (the “Company”) hereby announce that pursuant to the advert issued by the Company on the 4th February 2010, the Company received the following nominations with respect to the appointment of directors from the shareholders entitled to do so in terms of the memorandum and articles of association of the Company: -

Mr. Winston V. Zahra – Chairman

Mr. Winston J. Zahra – Chief Executive Officer

Mr. Trevor E. Zahra – Non Executive Director

Mr. John L. Bonello – Non Executive Director

Mr. Kwang B. Sim – Non Executive Director

Mr. William Hancock – Non Executive Director

Mr. Gary Alexander Neville – Non Executive Director

Pursuant to Article 55.3 of the Articles of Association of the Company, in the event that there are less, or as many, nominations than there are vacancies on the board, then each person so nominated shall be automatically appointed a director. Accordingly, the above seven persons nominated by shareholders have been automatically appointed on the board of directors of the Company with effect from the 18 February 2010.

Furthermore, in accordance with listing rule 8.16 of the Listing Rules, the following details are being provided to the public:

Name

John. L. Bonello

Address

2, Oleander Street, The Gardens, St. Julian’s STJ1910, Malta

Function

Non-executive director

Principal activity performed outside the company where these are significant with respect to the Company

None

Current and past (5 years) directorships on listed companies 

None

 Other disclosures

There are no disclosures to be made in terms of listing rules 8.16.3 to 8.16.8

 Effective date of appointment

18th February 2010

John Bonello was born in 1948 and was educated at St. Edwards College in Malta, after which he studied Chartered Accountancy in London. In 1971 he qualified as a member of the Institute of Chartered Accounts in England and Wales.

John Bonello was involved in the leadership and management of PricewaterhouseCoopers since his early days as a partner, in 1976, and was effectively the firm’s leader for the last 20 years. He formally became the Chairman and Senior Partner of PricewaterhouseCoopers in Malta on 1 July 1998, a position he held until just before retirement. Having reached the firm’s statutory retirement age, on 31 December 2009 he retired from the accounting firm of PricewaterhouseCoopers.

In the thirty-seven years with the firm he has, at one time or another, filled every important role in the firm – from its technical development, to handling most of the firm’s larger clients, to the development of its people and to being the firm’s mainstay in its relationships with its global network. This has given him extensive experience in the local market where he is extremely well-known as indeed he is in the PricewaterhouseCoopers global network.

Apart from the development of the firm in Malta, John Bonello was also involved in the development of Malta as an international finance centre – something in which he always believed strongly. He was the first President of the Association of Nominee Companies (now the Institute of Financial Services Practitioners), an association of the legal and accounting firms engaged in servicing the very successful Financial Services industry in Malta.

From 1992 until the end of 1996 John Bonello was the non-executive Chairman of the Malta External Trade Corporation, which at the time was the national trade promotion organization in the form of a partnership between Government, the Federation of Industry and the Chamber of Commerce. He is a member of the Joint Disciplinary Board of the Accountancy Board and the Malta Institute of Accountants. He is the contact member in Malta for the Institute of Chartered Accountants in England and Wales. He is currently the Chairman of the Board of Trustees of St. Edwards College.

Unquote

Signed:

________________________

Kenneth Abela

Company Secretary