TIDMPPH
RNS Number : 3888N
PPHE Hotel Group Limited
19 May 2020
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 2020, all of the resolutions
(except resolution 2 that was not put to the meeting) were passed
by means of a poll. The votes cast for resolutions 9 to 11 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 and the Supplement to the
Notice of Annual General Meeting that were posted or e-mailed to
shareholders and also made available on the Company's website
www.pphe.com on 27 February 2020 and 17 April 2020 respectively.
The following table shows the results of the votes cast.
Resolution Total votes For (*) Against (*) Withheld(**)
cast
Number % Number %
------------- ----------- ----------- ----------
Ordinary resolutions
To receive the
Annual Report
1. and Accounts 23,348,772 21,643,351 92.81 1,676,985 7.19 28,436
--------------------- ------------- --------------- --------- ------------- -------- -------------
2. To declare a Withdrawn
final dividend
of 20 pence
per ordinary
share be authorised
--------------------- ---------------------------------------------------------------------------------
To re-appoint
Kost Forer Gabbay
& Kasierer,
a member of
Ernst & Young
Global, as auditor
3. of the Company 23,348,773 23,348,766 100 0 0.00 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
To authorise
the Directors
to determine
the auditors'
4. Remuneration 23,348,773 23,348,766 100 0 0.00 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Eli Papouchado
as a Director
5. of the Company 23,348,772 20,802,343 89.20 2,517,986 10.80 28,443
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Boris Ivesha,
as a Director
6. of the Company 23,348,772 23,290,025 99.99 2,000 0.01 56,747
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Daniel Kos,
as a Director
7. of the Company 23,348,773 21,186,077 90.74 2,162,689 9.26 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Kevin McAuliffe
as a Director
8. of the Company 23,348,773 22,806,770 98.27 401,524 1.73 140,479
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Dawn Morgan
as a Director
9. of the Company 23,348,772 23,026,223 98.62 322,542 1.38 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
4,951,538*** 4,628,989*** 93.49*** 322,542*** 6.51*** 7***
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Ken Bradley
as a Director
10. of the Company 23,348,773 23,246,957 100 0 0.00 101,816
--------------------- ------------- --------------- --------- ------------- -------- -------------
4,951,539*** 4,849,723*** 100*** 0*** 0.00*** 101,816***
--------------------- ------------- --------------- --------- ------------- -------- -------------
To re-appoint
Nigel Keen as
a Director of
11. the Company 23,348,773 23,348,766 100 0 0.00 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
4,951,539*** 4,951,532*** 100*** 0*** 0.00*** 7***
--------------------- ------------- --------------- --------- ------------- -------- -------------
Special Resolutions
Authority to
purchase own
12. shares 23,348,772 23,290,032 99.75 58,740 0.25 0
--------------------- ------------- --------------- --------- ------------- -------- -------------
Authority for
Directors to
13. allot shares 23,348,773 21,185,456 90.73 2,163,317 9.27 0
--------------------- ------------- --------------- --------- ------------- -------- -------------
General authority
to disapply
pre-emption
14. rights 23,348,773 21,186,077 90.74 2,162,689 9.26 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
Additional authority
to disapply
pre-emption
15. rights 23,348,772 21,169,026 90.66 2,179,739 9.34 7
--------------------- ------------- --------------- --------- ------------- -------- -------------
Amendment to
the Company's
articles of
16. incorporation 23,334,716 21,172,027 90.59 2,162,689 9.25 0
--------------------- ------------- --------------- --------- ------------- -------- -------------
*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 all
of the resolutions proposed.
As previously announced, effective as of today, Nigel Jones has
retired from the Board.
Eli Papouchado, Chairman of PPHE said:
"On behalf of the Board, I wish to express my gratitude to Nigel
Jones for his dedication and service to the Group, he has been an
integral and valued Board member in helping the Group grow and
succeed. On behalf of the Board we thank him for his commitment and
service to the Group. We would also like to take this opportunity
to announce that Nigel Keen, who joined as a non-executive director
on 20 February 2020, will succeed Nigel Jones as Senior Independent
Director, effective as of today."
The Board notes the recent inquiries regarding the Company's
diversity. As detailed in our 2019 Annual Report, our collective
leadership team, which consists of the direct reports to the Chief
Executive Officer and their direct reports, had a gender diversity
ratio of 50% female to male, juxtaposed to a 14% gender diversity
ratio on the Board. We are mindful of our gender diversity at the
Board level compared with the Leadership level. To that end we
review our Diversity Policy regularly. We will review this Policy
again in 2020 giving due consideration to the Hampton-Alexander
Board Diversity targets.
In accordance with the Listing Rules a copy of each of the
resolutions passed at the Annual General Meeting has been forwarded
to the UK Listing Authority and will shortly be available for
inspection at the following location:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Disclosure of rights attached to equity shares
A copy of the Company's new articles of incorporation, as
adopted at the Annual General Meeting, has also been submitted to
the National Storage Mechanism in line with Listing Rule
9.2.6ER(2)(a) and is available for viewing at:
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 summer of
2019) by Savills and Zagreb nekretnine Ltd 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 incorporated company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. 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
For reservations
www.parkplaza.com
www.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit:
www.vfmii.com/parkpla
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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