Transfer to a Premium Listing

RNS Number : 0836W

PPHE Hotel Group Limited

30 July 2018

 

PPHE Hotel Group Limited

(the "Company")

Transfer to a Premium Listing

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 approval by the UK Listing Authority (the "UKLA") of the transfer of the listing category of all of its ordinary shares of nil par value from a standard listing (shares) to a premium listing (commercial company) on the Official List of the UKLA in accordance with Listing Rule 5.4A of the Listing Rules issued by the Financial Conduct Authority (the "Transfer"). The Transfer will take effect at 8.00 a.m. today.

finnCap Ltd acted as sponsor to the Company.

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 (Sponsor, Financial Adviser and Joint Broker)
Matt Goode / Emily Watts (Corporate Finance) Andrew Burdis (Corporate Broking)	Tel: + (0)20 7220 0500
Berenberg (Joint Broker)
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

PPHE Hotel Group Limited 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 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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