MIAMI, FL (January 30, 2018)
LG (Nasdaq: ILG) has 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 of Stockholders.
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
PRESS RELEASE SOURCE: ILG
Lily Arteaga, 305-925-7302
Christine Boesch, 305-925-7267
George Sard/Stephen Pettibone/David Millar
Sard Verbinnen & Co.