Transaction in own securities

RNS Number : 2197S

PPHE Hotel Group Limited

08 March 2023

 

8 March 2023

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. This concludes the current £3.7 million share buyback programme, details of which were announced on 29 June 2022 and later amended pursuant to the extension to share buyback programme announcement on 18 November 2022.

Ordinary Shares

Date of purchase:	07 March 2023
Number of ordinary shares purchased:	6,043
Highest price paid per share:	1,230.00p
Lowest price paid per share:	1,230.00p
Volume weighted average price paid per share:	1,230.00p

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 2 March 2023, 59,000 ordinary shares of no par value in the Company ("Shares") previously held in treasury, were transferred out of treasury.

Following both the purchase of these shares and transfer out of treasury set out above, PPHE now holds  1,988,653 of its ordinary shares in treasury and has 42,358,757 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 42,358,757.

The above figure of voting rights of 42,358,757 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
07/03/2023	11:04:35	6043	1230	XLON	00341722406TRLO1.1.1

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
W endy Baker
Charlotte Cobb
Ben Wilson	Tel: [phone] [e-mail]

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a 2.0 billion portfolio, valued as at December 2022 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.artotel.com www.arenahotels.com   www.arenacampsites.com

 

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