Transaction in own securities

RNS Number : 2768R

PPHE Hotel Group Limited

05 July 2022

 

05 July 2022

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 Jefferies International Limited ("the Broker"). The repurchased shares will be held in treasury.

Ordinary Shares

Date of purchase:	04 July 2022
Number of ordinary shares purchased:	1,242
Highest price paid per share:	1,455.00p
Lowest price paid per share:	1,455.00p
Volume weighted average price paid per share:	1,455.00p

Such purchase forms part of the Company's existing share buy-back programme and was effected pursuant to the instructions issued to the Broker by  the Company on 29 June 2022, as announced on that date.

In addition, on 04 July 2022, 1,769 ordinary shares of no par value in the Company ("Shares") previously held in treasury, were transferred out of treasury.

Following both the purchase of shares and transfer out or treasury set out above, PPHE now holds 1,797,852 of its ordinary shares in treasury and has 42,549,558 ordinary shares in issue (excluding treasury shares). 

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
04/07/2022	16:22:49	360	1455	XLON	00308242740TRLO1.1.1
04/07/2022	16:21:47	94	1455	XLON	00308242588TRLO1.1.1
04/07/2022	16:12:50	83	1455	XLON	00308241138TRLO1.1.1
04/07/2022	15:58:57	102	1455	XLON	00308239418TRLO1.1.1
04/07/2022	15:50:15	93	1455	XLON	00308238473TRLO1.1.1
04/07/2022	15:35:56	109	1455	XLON	00308236643TRLO1.1.1
04/07/2022	15:17:17	102	1455	XLON	00308234365TRLO1.1.1
04/07/2022	15:06:31	107	1455	XLON	00308233020TRLO1.1.1
04/07/2022	14:49:48	2	1455	XLON	00308230873TRLO1.1.1
04/07/2022	14:49:48	99	1455	XLON	00308230874TRLO1.1.1
04/07/2022	14:36:21	91	1455	AQXE	00308229153TRLO1.1.1

Enquiries:

PPHE Hotel Group Limited Media Contacts
Daniel Kos, Chief Financial Officer & Executive Director
Robert Henke, Executive Vice President Commercial Affairs	Tel: [phone]
Hudson Sandler
Lucy Wollam
Charlotte Cobb
Nick Moore	Tel: [phone] [e-mail]

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a 1.8 billion portfolio, valued as at December 2021 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	For reservations
www.pphe.com www.arenahospitalitygroup.com	www.parkplaza.com www.artotels.com www.arenahotels.com   www.arenacampsites.com

 

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