Four members of the Doyle family will receive cash and shares worth £187.6 million (€238 million) when the deal is completed, a little less than £47 million each.

Shareholders in Thornhill Incorporated, the holding company for the Doyles group, are Mrs Margaret Doyle and her daughters Mrs Bernie Gallagher, Mrs Eileen Monahan and Mrs Ann Roche.

They will receive shares worth £96.8 million, an average of £24.2 million each, plus a cash payment of £90.8 million, an average of £22.7 million each. The payment will not be diluted by having to repay borrowings raised to buy out Mrs Doyle's sons David and Michael.

Jurys assumes Thornhill debts of about £60 million. This includes borrowings of about £30 million raised when Thornhill bought out the hotel shares owned by Mrs Doyle's son David in January and residual borrowings remaining since the buyout of Michael Doyle's hotel shares some years earlier. The total payment to Mr David Doyle in January is understood to be the same amount as the £47 million that the four family members remaining in Thornhill will receive.

The Doyle family has undertaken not to sell its Jurys Doyle Group shares before November 30th, 2000 and not to sell without board approval for a further five years.