Court obligates transfer shares Rif Resort

The Court of First Instance awarded the buyout claim instituted by the “Stichting Beheer Aandelen Rif Resort Hotel” (Foundation Management Shares Rif Resort Hotel) against the joint minority shareholders by judgment of January 4.

Each minority shareholder now has the obligation to transfer the right to shares to the foundation. The price has already been fixed at 10 guilders per share.

The transfer will take place at the offices of law firm VanEps Kunneman VanDoorne at Julianaplein on Monday, January 25, from 9:00 a.m. to 12:00 p.m. The Director of Rif Resort N.V., Jeroen  Kibbelaar, says that the intention has always been that the “Stichting Beheer Aandelen Rif Resort Hotel” obtains 100 percent of the shares. This facilitates the sale of the hotel.

Negotiations for the sale of Rif Resort are at an advanced stage.

But a contract of sale has not been signed as yet. Parties signed a non-disclosure agreement and cannot disclose information as long as a final agreement has not been concluded. Despite a possible sale, Marriott remains the operator of the hotel at Piscadera, in principle.

(Source: National newspaper Amigoe)

11 January, 2010

Aike Krips, Yvo Peters and Randolph van Eps of Law firm VanEps Kunneman VanDoorne assisted the majority shareholder in the buyout proceedings.

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