SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
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MILESTONES 2<strong>00</strong>0· FINANCIAL RESULTS<br />
Standard & Poor’s BBB rating<br />
In November 2<strong>00</strong>0, Standard & Poor’s granted<br />
a BBB (stable) rating to Sol Meliá, the second<br />
highest credit rating in the world for a hotel<br />
company and the only such rating for a<br />
Spanish hotel group.<br />
These circumstances assist in increasing the<br />
capacity of Sol Meliá to obtain resources from<br />
capital markets, a policy which the company is<br />
promoting as it looks to diversify its sources of<br />
finance.<br />
Euronote issue programme<br />
The application of this financial diversification<br />
policy has been seen in the programme to issue<br />
Medium Term Euro Notes for a total value of<br />
249,9<strong>00</strong> million pesetas (€1,5<strong>00</strong> million). Within<br />
the mentioned plan, an initial issue of 56,644<br />
million pesetas (€340 million) has been made,<br />
with a duration of 5 years and with the Deutsche<br />
Bank as Global Co-ordinator.<br />
The funds obtained from the issue have been<br />
used for the acquisition of Tryp (26,990 million<br />
pesetas (€162 million) and refinancing existing<br />
debt (22,990 million pesetas (€138 million).<br />
receive regular updates on financial performance,<br />
Annual General Meetings and<br />
Dividends, amongst other things, while they<br />
may also use the direct line set up with the<br />
company to request any additional information<br />
they may require.<br />
Club members receive a membership card<br />
giving them the following benefits in Sol<br />
Meliá hotels: preferential rates, free newspapers,<br />
priority reservations, express check in and<br />
late check out (until 16:<strong>00</strong> hours), amongst<br />
others. In addition, for every stay in a Sol<br />
Meliá hotel, Club members also earn points<br />
that they can later exchange for free stays in<br />
company hotels world-wide.<br />
Those members of the Club that remain as<br />
shareholders for a certain amount of time will<br />
also receive additional benefits such as greater<br />
discounts for hotel stays, welcome gifts on<br />
arrival at hotels and discounts in hotel restaurants.<br />
Sol Meliá also intends to introduce a new section<br />
on its website specially for shareholders<br />
providing such tools as a share price calculator<br />
and calendar of events, presentations, information<br />
on dividends, analysts recommendations,<br />
annual reports, video clips, quarterly<br />
reports, etc.<br />
Creation of Shareholders’ Club<br />
The Sol Meliá Shareholders’ Club is an innovative<br />
initiative which aims to improve the services<br />
the company provides to some of its most<br />
important clients: its minority shareholders.<br />
The Club offers a wide range of benefits for<br />
clients staying in any Sol Meliá hotel while<br />
also providing regular detailed information on<br />
company development.<br />
A special telephone hotline specifically for<br />
shareholders has been set up along with an e-<br />
mail service at club.accionista@solmelia.com.<br />
Members of this exclusive Club will thus<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
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