MIAMI--(BUSINESS WIRE)--Jan. 29, 2018--
ILG (Nasdaq: ILG) today confirmed that FrontFour Capital Group LLC and
affiliates have provided notice of their nomination of four candidates
for election to the Board of Directors of ILG at the 2018 Annual Meeting
ILG’s highly qualified and independent Board of Directors is focused on
serving the best interests of shareholders and welcomes their input. ILG
will continue to engage in dialogue with shareholders, including
FrontFour, and the Board will review FrontFour’s director nominations in
consultation with its financial and legal advisors.
Goldman Sachs & Co. LLC and Moelis & Company LLC are acting as financial
advisors and Paul Weiss Rifkind Wharton & Garrison LLP is acting as
legal advisor to ILG.
ILG is a leading provider of professionally delivered vacation
experiences and the exclusive global licensee for the Hyatt®,
Sheraton®, and Westin® brands in vacation
ownership. The company offers its owners, members, and guests access to
an array of benefits and services, as well as world-class destinations
through its international portfolio of resorts and clubs. ILG’s
operating businesses include Aqua-Aston Hospitality, Hyatt Vacation
Ownership, Interval International, Trading Places International,
Vacation Resorts International, VRI Europe, and Vistana Signature
Experiences. Through its subsidiaries, ILG independently owns and
manages the Hyatt Residence Club program and uses the Hyatt Vacation
Ownership name and other Hyatt marks under license from affiliates of
Hyatt Hotels Corporation. In addition, ILG’s Vistana Signature
Experiences, Inc. is the exclusive provider of vacation ownership for
the Sheraton and Westin brands and uses related trademarks under license
from Starwood Hotels & Resorts Worldwide, LLC. Headquartered in Miami,
Florida, ILG has offices in 15 countries and more than 10,000
associates. For more information, visit www.ilg.com.
Certain Information Regarding Participants
ILG, its directors and certain of its executive officers may be deemed
to be participants in connection with the solicitation of proxies from
ILG’s stockholders in connection with the matters to be considered at
the 2018 Annual Meeting. Information regarding the ownership of ILG’s
directors and executive officers in ILG stock is included in their SEC
filings on Forms 3, 4, and 5, which can be found through the SEC’s
website at www.sec.gov.
Information can also be found in ILG’s other SEC filings. More detailed
and updated information regarding the identity of potential
participants, and their direct or indirect interests, by security
holdings or otherwise, will be set forth in the proxy statement and
other materials to be filed with the SEC. These documents can be
obtained free of charge from the sources indicated below.
ILG intends to file a proxy statement and white proxy card with the U.S.
Securities and Exchange Commission (the “SEC”) in connection with its
solicitation of proxies for its 2018 Annual Meeting of Stockholders (the
“2018 Annual Meeting”). ILG stockholders are strongly encouraged to read
the definitive proxy statement (and any amendments and supplements
thereto) and accompanying white proxy card when they become available as
they will contain important information. Stockholders may obtain the
proxy statement, any amendments or supplements to the proxy statement
and other documents as and when filed by ILG with the SEC without charge
from the SEC’s website at www.sec.gov.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180129005898/en/
Lily Arteaga, 305-925-7302
Christine Boesch, 305-925-7267
Sard/Stephen Pettibone/David Millar
Sard Verbinnen & Co.