TIDMPPH
RNS Number : 2978G
PPHE Hotel Group Limited
26 May 2017
26 May 2017
THIS RELEASE (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE "UNITED
STATES"), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION
WOULD BE UNLAWFUL OR WHICH WOULD REQUIRE ANY REGISTRATION OR
LICENSING WITHIN SUCH JURISDICTION OR TO ANY OTHER PERSON. THIS
RELEASE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO
PURCHASE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE SUCH DISTRIBUTION OR OFFER IS UNLAWFUL.
This announcement is not a prospectus within the meaning of
directive 2003/71/EC (the Prospectus Directive). Investors should
not purchase any transferable securities referred to in this
announcement except on the basis of information in the prospectus
(the "Prospectus") published by Arena Hospitality Group d.d. in
connection with the conducted public offering and the proposed
admission of its ordinary registered shares to the Official List of
the Zagreb Stock Exchange. The Prospectus is available on Arena
Hospitality Group d.d.'s website at www.arenaturist.com, subject to
applicable securities laws.
PPHE Hotel Group Limited (the "Company")
Successful completion of public offering by Arena Hospitality
Group d.d.
PPHE Hotel Group Limited, which together with its subsidiaries
(the "Group") owns, leases, develops, operates and franchises full
service upscale, upper upscale and lifestyle hotels in major
gateway cities, regional centres and select resort destinations,
predominantly in Europe, is pleased to announce that its 77.09%
owned subsidiary, Arena Hospitality Group d.d ("Arena") has today
announced the successful completion of its public offering of
shares (the "Offering"), raising HRK788,362,675 (EUR105,820,493) of
new capital (before expenses).
Pursuant to Arena's announcement on 12 May 2017, the Offering
consisted of 1,854,971 new ordinary shares ("Shares") to be issued
to investors at a price per Share equal to HRK425 (the "Final
Price"). The Shares are expected to be listed, and to commence
trading on, the Official Market of the Zagreb Stock Exchange on or
around 6 June 2017.
As part of the Offering, the Group will be issued 141,883 Shares
at the Final Price (the "New PPHE Shares"). The aggregate value of
the New PPHE Shares is HRK60,300,275 (EUR8,093,996) which is lower
than the subscription amount previously applied for by the Group
(as announced by the Company on 15 May 2017). Following the
issuance of the New PPHE Shares, the Group will continue to hold a
controlling interest in Arena of 51.97% of the issued share capital
of Arena.
Commenting on the completion of the Offering, Boris Ivesha,
President & Chief Executive Officer of the Group, said:
"We are pleased with this important milestone in the history of
our Group. The new capital raised by Arena will enable the
acceleration of the investment plan aimed at upgrading existing
properties and realise further growth for our Group in Central and
Eastern Europe through Arena. We would like to thank all
stakeholders for their confidence in Arena's Offering and we
welcome Arena's new investors who will become part of our growth
story."
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief
Executive Officer Tel: +44 (0)20 7034
and Chief Financial Officer 4800
Hudson Sandler Financial Public
Relations
Tel: +44 (0)20 7796
Wendy Baker / Jocelyn Spottiswoode 4133
Notes to editors
The Company is a Guernsey registered company and through its
subsidiaries, 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(R) Hotels & Resorts or art'otel(R) brands. The Group has
an exclusive licence from Carlson Hotels Worldwide Inc., one of the
world's largest hotel groups, to develop and operate Park Plaza(R)
Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel(R) brand is wholly owned by the Group.
The Group has a controlling ownership interest (77.09% 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.
Our Company:
www.pphe.com
Our Brands:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "Securities Act"), or the laws of any state, and may
not be offered or sold within the United States except pursuant to
an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state laws. No public offering of securities will be made in the
United States. Subject to certain exceptions, the securities
referred to herein may not be offered or sold in Australia, Canada,
Japan, New Zealand or the Republic of South Africa, or for the
account or benefit of, any national, resident or citizen of
Australia, Canada, Japan, New Zealand or the Republic of South
Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMGZKMKVGNZZ
(END) Dow Jones Newswires
May 26, 2017 03:00 ET (07:00 GMT)
Pphe Hotel (LSE:PPH)
Historical Stock Chart
From Apr 2024 to May 2024
Pphe Hotel (LSE:PPH)
Historical Stock Chart
From May 2023 to May 2024