Listing Category Review and Adviser Appointments

RNS Number : 1067P

PPHE Hotel Group Limited

24 May 2018

 

PPHE Hotel Group Limited

(the "Company")

Listing Category Review (possible transfer to premium) and appointment of Financial Adviser and Joint Corporate Broker

PPHE Hotel Group Limited, an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza^® brand in EMEA and owns the art'otel^® brand, is pleased to announce the appointment of Berenberg as joint corporate broker to the Company with immediate effect. 

The Company is also pleased to announce the appointment of finnCap Ltd as financial adviser to the Company, in addition to its current role as joint corporate broker.

These appointments will support the Company's investor relation activities and assist the Company in assessing market conditions generally. In this regard, the Company announces that it is in the process of reviewing whether a transfer of the listing category of all of its ordinary shares from the Standard listing segment to the Premium listing segment of the official list of the UK Listing Authority would be available for, and beneficial to achieving the strategic objectives of the Company (the Possible Transfer).

At this time, there is no guarantee that the Possible Transfer will occur within any particular timescale or at all. The Company will update the market at the appropriate time. For the avoidance of doubt, this announcement does not constitute an announcement of the Company's intention to transfer its listing category under Rule 5.4A of the Listing Rules.         

Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR'). 

Enquiries:

PPHE Hotel Group Limited
Robert Henke, Executive Vice President of Corporate Affairs and Customer Experience Lisa Woodman, Director of Corporate Communications	Tel: [phone] Tel: [phone]
finnCap Ltd
Matt Goode / Emily Watts (Corporate Finance) Andrew Burdis (Corporate Broking)	Tel: + (0)20 7220 0500
Berenberg
Ben Wright / Mark Whitmore / James Brooks	Tel: +(0)20 3207 7800
Hudson Sandler Financial Public Relations
Wendy Baker/ Sophie Lister	Tel: [phone]

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries (the Group), jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.

The majority of the Group's hotels operate under the Park Plaza® Hotels & Resorts or art'otel® brands.  The Group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel® brand is wholly owned by the Group.

The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels in operation offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2022.

Company websites:

www.pphe.com 

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

 

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