PPHE Hotel Group Limited Update on Listing (9008Y)
18 May 2021 - 2:05AM
UK Regulatory
TIDMPPH
RNS Number : 9008Y
PPHE Hotel Group Limited
17 May 2021
PPHE Hotel Group Limited
("PPHE Hotel Group", "PPHE" or the "Company")
Update on Listing
PPHE is aware that its free float has marginally decreased to be
below the required threshold for FTSE UK All-Share index inclusion
of greater than 50%. The Company estimates that its current free
float as of the date of this announcement is approximately 47%.
PPHE would like to express its continued efforts to, and focus
on, satisfying the FTSE All-Share eligibility criteria and
accordingly will review options available to achieve this.
Enquiries:
PPHE Hotel Group Limited
Daniel Kos, Chief Financial Officer & Executive
Director
Inbar Zilberman, Chief Corporate & Legal Officer
Robert Henke, Executive Vice President Commercial Tel: +31 (0)20 717
Affairs 8600
Hudson Sandler
Wendy Baker/ Lucy Wollam Tel: +44 (0)20 7796
4133 pphe@hudsonsandler.com
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.7 billion portfolio, valued as at December
2020 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 primary focus is
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.
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(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) 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: www.pphe.com /
www.arenahospitalitygroup.com
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END
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