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8-K - 8-K - Belmond Ltd.a12-16510_18k.htm
EX-99.1 - EX-99.1 - Belmond Ltd.a12-16510_1ex99d1.htm

Exhibit 99.2

 

ORIENT-EXPRESS HOTELS LTD.

HISTORICAL SHARE-BASED COMPENSATION EXPENSE

(U.S. dollars in thousands)

 

 

 

Three months ended

 

 

 

 

 

March 31,

 

June 30,

 

September 30,

 

December 31,

 

Full Year

 

2007

 

$

372

 

$

407

 

$

105

 

$

558

 

$

1,442

 

2008

 

838

 

693

 

681

 

588

 

2,800

 

2009

 

799

 

1,310

 

1,222

 

892

 

4,223

 

2010

 

1,487

 

1,446

 

1,628

 

1,404

 

5,965

 

2011

 

1,572

 

2,040

 

1,691

(1)

1,956

 

7,259

 

2012

 

2,010

 

1,572

 

N/A

 

N/A

 

N/A

 

 


(1) The third quarter 2011 expense includes $507,000 that was previously credited in that quarter to reverse share-based compensation expense recorded in prior quarters.  Consistent with the presentation of  adjusted EBITDA by Orient-Express Hotels Ltd., the third quarter 2011 expense has been increased to exclude this credit.

 

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