Last checked at 27 Dec 2023 07:00
22 December 2023
PPHE Hotel Group Limited
("PPHE" or the "Group")
PDMR Notification
PPHE Hotel Group, an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza® brand in EMEA and owns the art'otel® brand, announces that on 22 December 2023 it was notified that President and Chief Executive Officer, Boris Ivesha, purchased 4,636,974 ordinary shares in the Company at GBP 11.40 per share from Walford Investment Holdings Limited which is a person closely associated with Boris Ivesha. As the transaction was between Boris Ivesha and a person closely associated with Boris Ivesha the net number of shares in the Company which Boris Ivesha is deemed to be interested in remains the same.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Boris Ivesha | ||||
2 | Reason for the notification | |||||
a) | Position/status | President and Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PPHE Hotel Group Limited | ||||
b) | LEI | 2138003H1BZGR6KM5823 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of no par value GG00B1Z5FH87/PPH | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | Aggregated Volume: 4,636,974 Aggregated Price: GBP 52,861,503.60 | ||||
e) | Date of the transaction | 22-12-2023 | ||||
f) | Place of the transaction | London, UK | ||||
- Ends -
Enquiries:
PPHE Hotel Group Limited | Tel: +31 (0)20 717 8600 |
Daniel Kos, Chief Financial Officer & Executive Director | |
Robert Henke, Executive Vice President of Commercial Affairs | |
Hudson Sandler | Tel: +44 (0)20 7796 4133 |
Wendy Baker / Charlotte Cobb / India Laidlaw | pphe@hudsonsandler.com |
Notes to Editors:
PPHE Hotel Group is an international hospitality real estate company, with a £2.0 billion portfolio, valued as at December 2022 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: www.pphe.com | www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com | www.artotel.com | www.arenahotels.com | www.arenacampsites.com