Notification of a Possible Dual Listing

RNS Number : 9686T

PPHE Hotel Group Limited

09 July 2018

 

PPHE Hotel Group Limited

(the "Company")

Notification of a Possible Dual Listing  

PPHE Hotel Group Limited ("PPHE Hotel Group" or the "Company" and, together with its subsidiaries the "Group") announces that it is evaluating a possible dual listing of the Company's ordinary shares of nil par value (the "Ordinary Shares") on the Tel-Aviv Stock Exchange (the "Possible Dual Listing"). 

On 28 June 2018, the Company announced its intention to transfer the listing category of its Ordinary Shares from a Standard Listing to a Premium Listing on the official list of the UK Listing Authority ("the Proposed Transfer").  The Proposed Transfer is expected to complete on or around 30 July 2018. 

A Premium Listing would simplify the process for obtaining a dual listing on the Tel-Aviv Stock Exchange thereby facilitating an additional trading platform for investors. 

Discussions regarding a Possible Dual Listing are at an early stage and at this time there is no guarantee that it will occur within any particular timescale or at all. The Company will update the market with a further announcement at the appropriate time. 

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]
Hudson Sandler
Wendy Baker/Sophie Lister	Tel: [phone] [e-mail]

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® or art'otel® brands.  The Group has an exclusive licence from the Radisson Hotel Group, 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 in London 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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