TIDMPPH
RNS Number : 1719Z
PPHE Hotel Group Limited
19 May 2021
PPHE Hotel Group Limited
("PPHE Hotel Group", the "Company" or the "Group")
Result of Annual General Meeting
PPHE Hotel Group confirms that at the Company's Annual General
Meeting held at 12 noon on 19 May 2021, all of the resolutions were
decided on a poll and all resolutions proposed at the Annual
General Meeting were passed. The votes cast for resolutions 8 to 10
relating to the re-election of the independent Directors were duly
passed by both a majority of the votes cast by the independent
shareholders as well as by a majority of votes cast by all
shareholders. These votes have been calculated separately and are
shown below (independent shareholder votes cast being marked
***).
The full text of each resolution was included in the Company's
Notice of the Annual General Meeting that were posted or e-mailed
to shareholders and also made available on the Company's website
www.pphe.com. The following table shows the results of the votes
cast.
Resolution Total For (*) Against (*) Withheld
votes (**)
cast
Number % Number %
----------- ------ ---------- ------
Ordinary resolutions
To receive the
Annual Report
1. and Accounts 26,817,470 24,938,067 92.99 1,879,403 7.01 354,507
------------------------- ----------- ----------- ------ ---------- ------ ---------
To re-appoint
Kost Forer Gabbay
& Kasierer, a
member of Ernst
& Young Global,
as auditors of
2. the Company 27,169,454 27,117,201 99.81 52,253 0.19 2,523
------------------------- ----------- ----------- ------ ---------- ------ ---------
To authorise
the Directors
to determine
the auditors'
3. remuneration 27,169,454 27,146,781 99.92 22,673 0.08 2,523
------------------------- ----------- ----------- ------ ---------- ------ ---------
To re-elect Eli
Papouchado as
a Director of
4. the Company 26,787,797 24,555,677 91.67 2,232,120 8.33 384,180
------------------------- ----------- ----------- ------ ---------- ------ ---------
To re-elect Boris
Ivesha as a Director
5. of the Company 27,169,454 27,143,090 99.9 26,364 0.1 2,523
------------------------- ----------- ----------- ------ ---------- ------ ---------
To re-elect Daniel
Kos as a Director
6. of the Company 27,169,454 27,143,090 99.9 26,364 0.1 2,523
------------------------- ----------- ----------- ------ ---------- ------ ---------
To re-elect Kevin
McAuliffe as
a Director of
7. the Company 27,169,454 26,862,786 98.87 306,668 1.13 2,523
------------------------- ----------- ----------- ---------- ------ ---------
To re-elect Ken
Bradley as a
Director of the
8. Company 26,817,471 25,091,408 93.56 1,726,063 6.44 354,506
------------------------- ----------- ----------- ------ ------ ---------
***
8,442,654 6,716,591 79.56 1,726,063 20.44 354,506
------------------------- ----------- ----------- ------ ------ ---------
To re-elect Nigel
Keen as a Director
9. of the Company 26,817,471 25,217,881 94.04 1,599,590 5.96 354,506
------------------------- ----------- ----------- ------ ------ ---------
***
8,442,654 6,843,064 81.05 1,599,590 18.95 354,506
------------------------- ----------- ----------- ------ ------ ---------
To elect Stephanie
Coxon as a Director
10. of the Company 27,169,454 27,169,350 99.99 104 0.01 2,523
------------------------- ----------- ----------- ------ ------ ---------
***
8,794,637 8,794,533 99.99 104 0.01 2,523
------------------------- ----------- ----------- ------ ------ ---------
Special Resolutions
Authority for
Directors to
11. allot shares 27,169,454 27,143,166 99.9 26,288 0.1 2,523
------------------------- ----------- ----------- ------ ------ ---------
Authority to
purchase own
12. shares 27,169,454 27,169,361 99.99 93 0.01 2,523
------------------------- ----------- ----------- ------ ------ ---------
General authority
to disapply pre-emption
13. rights 27,169,454 27,168,086 99.99 1,368 0.01 2,523
------------------------- ----------- ----------- ------ ------ ---------
Additional authority
to disapply pre-emption
14. rights 27,169,454 27,145,506 99.91 23,948 0.09 2,523
------------------------- ----------- ----------- ------ ------ ---------
*Includes discretionary votes
**A vote "Withheld" is not a vote in law and is therefore not
counted towards the proportion of votes "For" or "Against" the
resolution
*** Votes cast by independent shareholders
The Board is pleased with the support from shareholders for the
majority of the resolutions, but notes the minority votes
(representing 20.44% of independent votes), against resolution 8:
the re-appointment of Mr Ken Bradley. The Board takes the views of
its shareholders seriously and the Company intends to engage with
shareholders to better understand their concerns with a view to
identifying how such concerns can be addressed. The Board looks
forward to engaging with shareholders and an update on the results
of this engagement and the actions to be taken will be published in
due course.
In accordance with the Listing Rules a copy of each of the
special business resolutions passed at the Annual General Meeting
has been forwarded to the Financial Conduct Authority's National
Storage Mechanism and will shortly be available to view at the
following location:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries:
PPHE Hotel Group Limited
Daniel Kos, Chief Financial Officer & Executive
Director
Inbar Zilberman, Chief Corporate & Legal Officer
Robert Henke, Executive Vice President Commercial Tel: +31 (0)20 717
Affairs 8600
Hudson Sandler
Wendy Baker/ Lucy Wollam Tel: +44 (0)20 7796
4133 pphe@hudsonsandler.com
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.7 billion portfolio, valued as at December
2020 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 primary focus is
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.
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(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) 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: www.pphe.com /
www.arenahospitalitygroup.com
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