Last checked at 15 Mar 2024 13:41
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