Update on Listing

RNS Number : 9008Y

PPHE Hotel Group Limited

17 May 2021

 

PPHE Hotel Group Limited

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

Update on Listing

PPHE  is aware that its free float has marginally decreased to be below the required threshold for FTSE UK All-Share index inclusion of greater than 50%. The Company estimates that its current free float as of the date of this announcement is approximately 47%.

PPHE would like to express its continued efforts to, and focus on, satisfying the FTSE All-Share eligibility criteria and accordingly will review options available to achieve this.

Enquiries:

PPHE Hotel Group Limited
Daniel Kos, Chief Financial Officer & Executive Director
Inbar Zilberman, Chief Corporate & Legal Officer
Robert Henke, Executive Vice President Commercial Affairs	Tel: [phone]
Hudson Sandler
Wendy Baker/ Lucy Wollam	Tel: [phone] [e-mail]

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a 1.7 billion portfolio, valued as at December 2020 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 primary focus is 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.

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: www.pphe.com / www.arenahospitalitygroup.com

 

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