Result of Extraordinary General Meeting

PPHE Hotel Group Limited

28 February 2024

 

28 February 2024

PPHE Hotel Group Limited

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

Result of Extraordinary General Meeting

PPHE Hotel Group confirms that at the Company's Extraordinary General Meeting held at 12 noon on 28 February 2024 (the "EGM") the resolution relating to the Rule 9 Waiver (the "Rule 9 Waiver Resolution"), as proposed at the EGM, was passed. The Rule 9 Waiver Resolution was duly passed by a majority of the votes cast by the Independent Shareholders only.

The full text of the Rule 9 Waiver Resolution was included in the Company's Notice of Extraordinary General Meeting (dated 7 February 2024) that was posted or e-mailed to shareholders and also made available on the Company's website www.pphe.com (the "Notice"). The following table shows the results of the votes cast.

Ordinary resolution	Total votes cast	For(*)		Against(*)		Withheld (**)
		Number	%	Number	%
Rule 9 Waiver Resolution	9,209,291	7,658,269	83.16%	1,551,022	16.84%	133,819

* Includes discretionary votes

** A vote "Withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the Rule 9 Waiver Resolution

The Board is pleased with the support from Independent Shareholders for the Rule 9 Waiver Resolution. A further announcement will be made regarding any decision to implement the Share Buy-Back Authority at the relevant time.

In accordance with the Listing Rules a copy of the Rule 9 Waiver Resolution has been forwarded to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Any terms capitalised but not defined in this announcement shall have the meaning given to them in the Notice.

Enquiries:

PPHE Hotel Group Limited

Daniel Kos, Chief Financial Officer & Executive Director

Inbar Zilberman, Chief Corporate & Legal Officer

Robert Henke, Executive Vice President of Commercial Affairs

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: PPHE Hotel Group | Arena Hospitality Group

 

END