Langham Hospitality changes manager fees payment for 2025, 2026

Langham Hospitality Investments will pay manager fees wholly in cash for the year ending 31 December 2026, a decision by the hotel manager, a Great Eagle subsidiary. This election will reduce the amount available for distribution to holders of share stapled units (SSUs) for that period.

For the six-month period ending 31 December 2025, the trust group, facing market challenges and aiming to preserve cash, has requested a change in payment method for manager fees from cash to SSUs. This change, agreed upon by the master lessee and hotel manager, will be implemented under a specific mandate approved by independent holders of SSUs on May 8, 2024.

The issuance of SSUs for the 2025 period will also be subject to a deferment mechanism and compliance with public float requirements under the listing rules. Investors are advised to exercise caution when dealing in the securities of the trust and the company.