Result of AGM

RNS Number : 0651C

PPHE Hotel Group Limited

25 April 2012

 



25 April 2012

PPHE Hotel Group Limited ("PPHE Hotel Group", the "Company" or the "Group")

Results of Annual General Meeting

PPHE Hotel Group announces that all of the resolutions proposed at the Annual General Meeting of the Company held today at 12 noon at Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey GY1 1EW were passed. During the meeting the following decisions were taken:

Accounts: Receipt of Accounts and Auditors' Report.  

Dividend: Declaration of a final dividend for the year ended 31 December 2011 of 6.0 pence per share.

Board of Directors: The following members were re-elected: Mr. Eli Papouchado, Mr. Boris Ivesha, Mr. Chen Moravsky, Mr. Kevin McAuliffe, Mr. Elisha Flax and Mr. Nigel Jones.

Purchase of Own Shares: Obtained authorisation for market purchases of own shares, as further set out in the notice of AGM.

Disapplication of Pre-emption Rights: Obtained authorisation for the disapplication of pre-emption rights, as further set out in the notice of AGM.

The full text of each resolution was included in the Notice of the Annual General Meeting of PPHE Hotel Group posted to shareholders on 19 March 2012 and made available on the Company's website www.parkplazahotels.net

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:-

www.hemscott.com/nsm.do.

Enquiries:  

PPHE Hotel Group Limited

Chen Moravsky, Chief Financial Officer                            Tel: [phone]

Hudson Sandler                                                             Tel: [phone]

Wendy Baker

Note to editors:

PPHE Hotel Group Limited(formerly Park Plaza Hotels Limited) owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe.  The majority of the Group's hotels operate under two distinct brands, Park Plaza^® Hotels & Resorts and art'otel^®.

The Group has an exclusive licence from Carlson, a global privately held hospitality and travel company, to develop and operate Park Plaza^® Hotels & Resorts in Europe, the Middle East and Africa. The art'otel^® brand is fully owned by PPHE Hotel Group and it has a minority ownership interest in the Arenaturist group, one of Croatia's leading hospitality companies.

Through its strategic partnership with Carlson, PPHE Hotel Group has access to their powerful reservation and distribution system, loyalty programmes such as Club Carlson^SM for guests and Look To Book^SM for travel agents, 23 airline partnerships and cross-selling opportunities. 

The portfolio of owned, leased, managed and franchised hotels comprises 38 hotels offering a total of 8,376 rooms. The development pipeline includes three new hotels and two mixed-use developments, which together are expected to add approximately a further 900 rooms to the portfolio by the end of 2014.

PPHE Hotel Group's shares are admitted to trading on the main list of the LSE (Standard Listing).

Our company:

www.pphe.com / www.parkplazahotels.net 

Our brands:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

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

Join us online: www.pphe.com/socialmedia

 

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