Shareholders solicit proxies for Orient-Express Hotels' special general meeting

By Lisa Kerner

Charlotte, N.C., Sept. 25 - Orient-Express Hotels Ltd. investors led by D.E. Shaw Oculus Portfolios, LLC and CR Intrinsic Investments, LLC are soliciting proxies for the special general meeting to be held on Oct. 10.

The investors want to amend the company's bylaws to treat class B shares as "treasury shares" under Bermuda law and to cancel the class B shares. As a result, the class B shares held by Orient-Express Holdings 1 Ltd. would lose their right to vote, it was previously reported.

D.E. Shaw and CR Intrinsic included their proxy materials in a schedule 13D/A filed with the Securities and Exchange Commission.

The investors beneficially own a total of 6,053,678, or approximately 14.3%, of Orient-Express' class A shares. They intend to vote all of their class A shares for both resolutions and asked fellow shareholders to do the same.

Orient-Express is a Hamilton, Bermuda-based operator of deluxe hotels, restaurants, tourist trains and river cruise businesses.

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