15 March
2024
PPHE Hotel Group
Limited
("the Company" or
"PPHE")
Transactions in own
securities
PPHE announces today that it has
purchased the following number of its ordinary shares on the London
Stock Exchange through Investec Bank
Plc ("the Broker").
The repurchased shares will be held in treasury.
Ordinary Shares
|
Date of purchase:
|
15 March
2024
|
|
Number of ordinary shares
purchased:
|
300,000
|
|
Price paid per share:
|
£12.75
|
Following the purchase of these shares, PPHE now
holds 2,284,110 of its ordinary shares in treasury and has
42,063,300 ordinary shares in issue (excluding treasury shares).
Each ordinary share carries one vote and therefore the total number
of voting rights in the Company is 42,063,300.
The above figure of voting rights of
42,063,300 should be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 as it applies in the UK (the Market
Abuse Regulation), a full breakdown of the individual trades made
by the Broker on behalf of the Company as part of the buy-back
programme is detailed below:
|
Transaction
Date
|
Transaction
Time
|
Volume
|
Price (GBP)
|
Platform
|
Transaction Reference
Number
|
|
15 March 2024
|
11:08
|
300,000
|
12.75
|
XLON
|
00263133741TRLO1
|
Enquiries
|
PPHE Hotel Group Limited Media Contacts
|
|
|
Daniel Kos, Chief Financial Officer
& Executive Director
Inbar Zilberman, Chief Corporate
& Legal Officer
|
|
|
Robert Henke, Executive Vice
President Commercial Affairs
|
|
Notes to Editors
PPHE Hotel Group is an international
hospitality real estate company, with a 2.2 billion portfolio,
valued as at December 2023 by Savills
and Zagreb nekretnine Ltd (ZANE), of primarily prime
freehold and long leasehold assets in Europe.
Through its subsidiaries, jointly
controlled entities and associates it owns, co-owns, develops,
leases, operates and franchises hospitality real estate. Its
portfolio includes full-service upscale, upper upscale and
lifestyle hotels in major gateway cities and regional centres, as
well as hotel, resort and campsite properties in select resort
destinations. The Group's strategy is to grow its portfolio of core
upper upscale city centre hotels, leisure and outdoor hospitality
and hospitality management platform.
PPHE Hotel Group benefits from
having an exclusive and perpetual licence from the Radisson Hotel
Group, one of the world's largest hotel groups, to develop and
operate Park Plaza® branded hotels and resorts in Europe,
the Middle East and Africa. In addition, PPHE Hotel
Group wholly owns, and operates under, the art'otel® brand and its
Croatian subsidiary owns, and operates under, the Arena Hotels
& Apartments® and Arena Campsites® brands.
PPHE Hotel Group is a Guernsey
registered company with shares listed on the London Stock Exchange.
PPHE Hotel Group also holds a controlling ownership interest in
Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.
Company websites: PPHE Hotel
Group |
Arena Hospitality
Group