PPHE Hotel Group Limited Purchase of Shares (8807T)
18 October 2017 - 5:00PM
UK Regulatory
TIDMPPH
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 Tel: +44 (0)20
Executive Officer and Chief 7034 4800
Financial Officer
Hudson Sandler Financial Public
Relations
Wendy Baker / Sophie Lister Tel: +44 (0)20
7796 4133
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(R) Hotels & Resorts, art'otel(R) 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(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 (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
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSDGBDGDBBBGRR
(END) Dow Jones Newswires
October 18, 2017 02:00 ET (06:00 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