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Les Salines Hotel

Company background

Semaris, previously known as Alto Development Ltd, is a public company incorporated on the 23 February 2018 in Mauritius, bearing business registration number C18153946, with its registered address located at BeachcomberHouse, Botanical Garden Street, Curepipe. The Company is a wholly-owned subsidiary of NMH.

As at the date of this document, the stated capital of Semaris was made up of 548,982,130 ordinary shares of no parvalue, amounting to MUR 3.6 billion. All issued shares were fully paid. Company details for Semaris and its subsidiaries are listed in Appendix 1 of this document.

Mission and vision

Semaris will concentrate on the development of the non-hotel real estate assets formerly owned by NMH, with the principal objective of unlocking value from the available land bank located in Seychelles, Morocco and Mauritius. Semaris will develop luxury real estate assets on these lands, and these will be sold to generate returns for its shareholders.

Objectives of the Company

The objective of Semaris will be to develop the land bank into valuable projects for the benefit of its shareholders. The Company will initially have a significant land bank in Mauritius, Seychelles and Morocco.