PPHE Hotel Group Limited Subscription for shares in Arena Hospitality Group (1754F)
May 15 2017 - 9:25AM
UK Regulatory
TIDMPPH
RNS Number : 1754F
PPHE Hotel Group Limited
15 May 2017
15 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 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")
Subscription for shares in Arena Hospitality Group d.d.
("Arena")
PPHE Hotel Group Limited, which together with its subsidiaries
(the "PPHE Hotel 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, announces that it has
decided to subscribe (through its wholly owned subsidiary, Dvadeset
Osam d.o.o.) for EUR9 million of new shares in its 77.09% owned
subsidiary, Arena Hospitality Group d.d ("Arena") as part of the
public offering of shares announced by Arena on 12 May 2017.
On 12 May 2017 Arena announced a public offer of between
1,000,000 and 2,000,000 new ordinary shares ("Shares") at a price
per Share ranging between 400.00 HRK and 500.00 HRK ("Price Range")
(the "Offering"). The PPHE Hotel Group has today decided to
subscribe (through its wholly owned subsidiary and majority
shareholder of Arena, Dvadeset Osam d.o.o.) for such number of
Shares, at a price per Share within the Price Range, as shall have
an aggregate value of EUR9 million. The proposed subscription will
be financed by the PPHE Hotel Group through existing cash
resources. The number of Shares to be subscribed for by the PPHE
Hotel Group shall be determined and announced once the subscription
price of the Shares and the successful completion of the Offering
have been announced by Arena (which is expected to take place on or
around 26 May 2017).
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
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