Result of Annual General Meeting

PPHE Hotel Group Limited

23 May 2023

 

23 May 2023

PPHE HOTEL GROUP LIMITED

("PPHE Hotel Group", the "Company" or the "Group")

Result of Annual General Meeting

PPHE Hotel Group confirms that at the Company's Annual General Meeting held at 12 noon on 23 May 2023, all of the resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed. Resolutions 9 to 12 relating to the re-election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked ***).

The full text of each resolution was included in the Company's Notice of Annual General Meeting (dated 20 March 2023) and Supplemental to the Notice of Annual General Meeting (dated 18 April 2023) that were posted or e-mailed to shareholders and also made available on the Company's website www.pphe.com. The following table shows the results of the votes cast.

Resolution		Total votes cast	For (*)		Against (*)		Withheld (**)
			Number	%	Number	%
Ordinary resolutions
1.	To receive the Annual Report and Accounts	22,257,393	22,257,336	99.99%	57	0.01%	2,890,567
2.	To approve a final dividend of 12 pence per ordinary share for the year ended 31 December 2022	25,144,864	25,122,227	99.91%	22,637	0.09%	3,096
3.	To  approve the Company's Remuneration Report (advisory vote)	24,141,922	22,432,311	92.92%	1,709,611	7.08%	1,006,038
4.	To re-appoint Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as auditors of the Company	25,144,864	24,989,675	99.38%	155,189	0.62%	3,096
5.	To authorise the Directors to determine the auditors' remuneration	25,144,864	25,122,227	99.91%	22,637	0.09%	3,096
6.	To re-elect Eli Papouchado as a Director of the Company	25,012,312	23,924,319	95.65%	1,087,993	4.35%	135,648
7.	To re-elect Boris Ivesha as a Director of the Company	25,144,864	21,699,081	86.30%	3,445,783	13.70%	3,096
8.	To re-elect Daniel Kos as a Director of the Company	25,144,864	22,236,201	88.43%	2,908,663	11.57%	3,096
9.	To re-elect Ken Bradley as a Director of the Company	24,607,744	24,266,244	98.61%	341,500	1.39%	540,216
		*** 6,202,927	5,861,427	94.49%	341,500	5.51%	540,216
10.	To re-elect Nigel Keen as a Director of the Company	24,141,935	23,489,013	97.30%	652,922	2.70%	1,006,025
		*** 5,737,118	5,084,196	88.62%	652,922	11.38%	1,006,025
11.	To re-elect Stephanie Coxon as a Director of the Company	25,144,864	24,819,461	98.71%	325,403	1.29%	3,096
		*** 6,740,047	6,414,644	95.17%	325,403	4.83%	3,096
12.	To re-elect Marcia Bakker as a Director of the Company	25,144,864	25,125,041	99.92%	19,823	0.08%	3,096
		*** 6,740,047	6,720,224	99.71%	19,823	0.29%	3,096
17.	To appoint Greg     Hegarty as a Director of the Company	25,144,864	22,236,201	88.43%	2,908,663	11.57%	3,096
Extraordinary resolution
13.	Authority for Directors to allot shares	25,144,864	22,230,595	88.41%	2,914,269	11.59%	3,096
Special resolutions
14.	General authority to disapply pre-emption rights	25,144,864	22,221,379	88.37%	2,923,485	11.63%	3,096
15.	Additional authority to disapply  pre-emption rights	25,144,851	22,221,246	88.37%	2,923,605	11.63%	3,109
16.	Authority to purchase own shares	25,144,851	24,794,684	98.61%	350,167	1.39%	3,109

*Includes discretionary votes

**A vote "Withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution

*** Votes cast by independent shareholders

The Board is pleased with the support from shareholders for all of the resolutions proposed. As previously announced, effective as of today, Kevin McAuliffe has retired from the Board.

Eli Papouchado, Chairman of PPHE said:  

"On behalf of the Board, I wish to express my gratitude to Kevin McAuliffe for his dedication and service to the Group, he has been an integral and valued Board member in helping the Group grow and succeed. On behalf of the Board we thank him for his commitment and service to the Group."

In accordance with the Listing Rules a copy of each of the resolutions in respect of special business of the Company passed at the Annual General Meeting has been forwarded to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries

PPHE Hotel Group Limited	Tel: [phone]
Daniel Kos, Chief Financial Officer & Executive Director
Robert Henke, Executive Vice President of Commercial Affairs
Hudson Sandler	Tel: [phone]
Wendy Baker / Charlotte Cobb / Ben Wilson	[e-mail]

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a £2.0 billion portfolio, valued as at December 2022 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.arenahotels.com | www.arenacampsites.com

 

END