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Mantra Group News


Mantra Group Limited (ASX : MTR) today listed on the Australian Securities Exchange, debuting on the bourse under the ASX code MTR at $1.85 per share compared to its IPO price of $1.80 per share.

Mantra Group CEO Bob East said the positive response from the market was an endorsement of Mantra's strong team and the strategy they had put in place for future growth.

This is a great day for Mantra Group team members, our loyal customers and property owners because our listed status and access to capital provides us with the ability to roll out our strategic growth plans, Mr East said.
We are already Australia's second-largest accommodation provider with more than 11,600 rooms and we have a strong development pipeline aimed at delivering the great service experience our customers have come to expect from Peppers, Mantra and BreakFree in even more locations across Australia, New Zealand and South East Asia.

I am pleased to see the positive reception the Mantra Group has received from the investment market.

Our new shareholders include a strong representation of blue-chip Australian investment institutions and we are looking forward to welcoming many retail investors into ownership of the company.

I am proud of what the Mantra Group team have achieved to date and I am excited about this next phase in the Mantra story.

Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia. The Group owns and operates 113 properties and over 11,600 rooms under three well-known brands – Peppers, Mantra and BreakFree. Mantra Group is the second largest accommodation operator in Australia and offers both leisure and business style accommodation ranging from self-contained apartments and city hotels to luxury resorts and retreats.