Exhibit 99(a)(1)(G)
FROM Sun International Hotels Limited
Paradise Island, The Bahamas
Contact: John Allison
Tel: (954) 713-2500
FOR IMMEDIATE RELEASE
SUN INTERNATIONAL HOTELS LIMITED
COMPLETES CASH OFFER FOR ITS ORDINARY SHARES
PARADISE ISLAND, THE BAHAMAS - July 25, 2000 - Sun International Hotels
Limited (NYSE: SIH) today announced the completion of its previously announced
cash offer to purchase up to 5,000,000 shares of its Ordinary Shares at a
price of $24.00 net per share. The cash offer expired at 5:00 p.m. New York
City time on July 25, 2000.
Approximately 14,473,993 ordinary shares were tendered pursuant to
the offer of which 1,469,668 were tendered pursuant to notices of guaranteed
delivery.
Based on the preliminary results, which indicate that the offer is
oversubscribed, a proration factor of approximately 34.54 percent for shares
tendered will be applied. The estimated proration factor is subject to change.
The final proration factor is expected to be announced August 1, 2000.
As of July 25, 2000, the Company had approximately 32,682,350
ordinary shares outstanding. As a result of the completion of the offer, the
Company expects to have approximately 27,837,142 ordinary shares issued and
outstanding as of the time immediately following payment for the tendered
shares.
