Transfer of Shares out of Treasury

RNS Number : 0817G

PPHE Hotel Group Limited

27 February 2018

 

27 February 2018

PPHE Hotel Group Limited

("PPHE Hotel Group" or the "Company")

Transfer of Shares out of Treasury

Further to the PDMR notification on 17 November 2017, the Company announces that on 16 November 2017, 15,000 ordinary shares of no par value in the Company ("Shares") previously held in treasury, were transferred out of treasury in satisfaction of the exercise of a share option (the "Transfer out of Treasury").  As a result of the Transfer out of Treasury, the total number of Shares now held in treasury reduced to 1,888,070 Shares.

As at today's date, the Company's total issued share capital is 44,225,706 Shares (including 1,888,070 Shares held in treasury).  Each Share carries one vote and therefore the total number of voting rights in the Company will be 42,337,636.

The above figure of voting rights of 42,337,636 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

PPHE Hotel Group Limited
Robert Henke, Executive Vice President of Corporate Affairs and Customer Experience	Tel: [phone]
Lisa Woodman, Director of Corporate Communications	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker/ Sophie Lister	Tel: [phone]

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates (the "Group"), 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® Hotels & Resorts or art'otel® 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® Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel® brand is wholly owned by the Group.

The Group has a controlling ownership interest (51.97% 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 in operation 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 2022.

Company websites:

www.pphe.com 

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

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

 

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