Purchase of Shares

RNS Number : 8807T

PPHE Hotel Group Limited

18 October 2017

 

18 October 2017

PPHE Hotel Group Limited

(the "Company")

Purchase of Shares

In accordance with DTR 5.6.1A, the Company announces that yesterday it purchased 41,070 ordinary shares of no par value in the Company ("Shares") (representing 0.1% of the Company's voting rights immediately prior to such purchase) at a price of 1041 pence per Share (the "Buy-back"). As a result of the Buy-back, a further 41,070 Shares will be held in treasury, making the total number of shares now held in treasury 1,903,070 Shares.

As at today's date, the Company's total issued share capital is 44,225,706 Shares (including 1,903,070 held in treasury). Each Share carries one vote and therefore the total number of voting rights in the Company will be 42,322,636.

The above figure of voting rights of 42,322,636 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.

Enquiries

PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief Executive Officer and Chief Financial Officer	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker / Sophie Lister	Tel: [phone]

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries (together with the Company being the "Group"), jointly controlled entities and associates owns, leases, operates, franchises and develops full-service 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 three distinct brands, Park Plaza® Hotels & Resorts, art'otel® and Arenaturist. The Group has an exclusive licence from Carlson Hotels, 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 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 2019.

Company websites:

www.pphe.com 

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

 

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