16 October 2024
PPHE Hotel Group
Limited
("the Company" or
"PPHE")
Transactions in own
securities
PPHE announces today that it has
purchased the following number of its ordinary shares on the London
Stock Exchange through Jefferies
International Limited ("the Broker"). The repurchased shares
will be held in treasury. This concludes the current £4.0 million
share buyback programme, details of which were announced on 11 July
2024.
Ordinary Shares
|
Date of purchase:
|
15 October
2024
|
|
Number of ordinary shares
purchased:
|
14,450
|
|
Highest price paid per
share:
|
1,170.00p
|
|
Lowest price paid per
share:
|
1,150.00p
|
|
Volume weighted average price paid
per share:
|
1,151.04p
|
Such purchase forms part of the Company's existing share buy-back
programme and was effected pursuant to the instructions issued to
the Broker by the
Company on 10 July 2024, as announced on 11
July 2024.
Following the purchase of these
shares, PPHE holds 2,558,086 of its ordinary shares in treasury and
has 41,789,324 ordinary shares in issue (excluding treasury
shares).
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 as it applies in the UK (the Market
Abuse Regulation), a full breakdown of the individual trades made
by the Broker on behalf of the Company as part of the buy-back
programme is detailed below:
|
Transaction
Date
|
Transaction
Time
|
Volume
|
Price (GBp)
|
Platform
|
Transaction Reference
Number
|
|
15/10/2024
|
9:32:48
|
13700
|
1150
|
XLON
|
00426575627TRLO1.1.5
|
|
15/10/2024
|
14:55:16
|
750
|
1170
|
XLON
|
00426650003TRLO1.1.1
|
Enquiries
|
PPHE Hotel
Group Limited Media Contacts
|
|
|
Daniel Kos, Chief Financial Officer &
Executive Director
|
|
|
Robert Henke, Executive Vice President
Commercial Affairs
|
Tel: +31 (0)20 717 8600
|
|
Hudson
Sandler
|
|
|
Wendy Baker
|
|
|
Lucy Wollam-Coles
|
|
|
India Laidlaw
|
Tel: +44 (0)20 7796 4133
pphe@hudsonsandler.com
|
Notes to Editors
PPHE Hotel Group is an international
hospitality real estate company, with a £2.2 billion portfolio,
valued as at December 2023 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: www.pphe.com |
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com | www.artotel.com | www.radissonhotels.com | www.arenahotels.com | www.arenacampsites.com