Notice of Annual General Meeting

RNS Number : 1029H

Park Plaza Hotels Limited

23 May 2011

 



23 May 2011

Park Plaza Hotels Limited
("Park Plaza")

Notice of Annual General Meeting

Park Plaza has today posted to shareholders the Notice of Annual General Meeting ("AGM") and Form of Proxy.  The AGM will be held at 1.00pm (GMT) on Thursday 16 June 2011 at 1^st and 2^nd floors, Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey GY1 1EW.

The Notice of AGM is also available on Park Plaza's website at www.parkplazahotels.net.

Enquiries: 

Park Plaza Hotels Limited	Tel: [phone]
Chen Moravsky, Chief Financial Officer
Hudson Sandler	Tel: [phone]
Wendy Baker / Kate Hough
Investec	Tel: [phone]
James Grace

Notes to Editors

About Park Plaza

Park Plaza Hotels Limited is owner, operator, developer and franchisor of hotels in Europe, the Middle East and Africa.  The majority of the Group's hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson Hotels Worldwide), over which the Group has exclusive rights in 56 countries in EMEA, or art'otel, a brand which the Company fully owns. 

Through its strategic partnership with Carlson, one of the world's largest travel and hospitality companies, Park Plaza has access to Carlson's powerful reservation and distribution system, airline partnerships with 20 airlines, loyalty programmes such as Club CarlsonSM for guests and look to book® for travel agents and cross-selling opportunities. 

The Group currently has 25 Park Plaza hotels and art'otels, with over 5,447 rooms in operation. New projects under development include Park Plaza Nuremberg (2012), art'otel amsterdam (2012), a 60-room extension of art'otel berlin city center west (2012) and art'otel london hoxton (2013).

Park Plaza also part owns Arenaturist, one of Croatia's leading hospitality companies, and operates 8 hotels and 5 apartment complexes (with a total of over 2,869 rooms) and 7 campsites in three resorts in Pula and Medulin.

Park Plaza's shares are admitted to trading on AIM, a market operated by the London Stock Exchange.

Euro Plaza Holdings B.V. (a company ultimately controlled by Mr. Eli Papouchado, the Company's Chairman, acting in his capacity as trustee of an endowment established for the benefit of members of his family) and Molteno Limited (in which Mr. Boris Ivesha, the Company's CEO, is interested) are deemed to be acting in concert for the purposes of Rule 9 of the City Code on Takeovers and Mergers (the Code). Together they hold more than 50% of Park Plaza voting rights and (for so long as they continue to be treated as acting in concert) may accordingly increase their aggregate interests in shares without incurring any obligation under Rule 9 to make a general offer, although individual members of the concert party will not be able to increase their percentage interest in shares through or between a Rule 9 threshold without Takeover Panel consent.

Our Brands:	Our Company:
www.parkplaza.com	www.parkplazahotels.net
www.artotels.com
www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

 

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