Transaction in own securities

RNS Number : 9210J

PPHE Hotel Group Limited

16 December 2022

 

16 December 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:	15 December 2022
Number of ordinary shares purchased:	1,025
Highest price paid per share:	1,240.00p
Lowest price paid per share:	1,180.00p
Volume weighted average price paid per share:	1,180.23p

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.

Following the purchase of these shares, PPHE holds 1,900,772 of its ordinary shares in treasury and has 42,446,638 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
15/12/2022	16:04:15	1021	1180	XLON	00331112270TRLO1.2.1
15/12/2022	10:27:32	1	1240	AQXE	00330852199TRLO1.1.1
15/12/2022	10:27:32	3	1240	AQXE	00330852198TRLO1.1.1

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
Ben Wilson	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.

Company websites	For reservations
www.pphe.com www.arenahospitalitygroup.com	www.parkplaza.com www.artotel.com www.arenahotels.com   www.arenacampsites.com

 

END

 

 

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