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PPHE Hotel Grp Ltd (PPH)

  Print          Annual reports

Tuesday 17 May, 2022

PPHE Hotel Grp Ltd

Result of AGM

RNS Number : 8125L
PPHE Hotel Group Limited
17 May 2022
 

17 May 2022

PPHE Hotel Group Limited

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

Result of Annual General Meeting

PPHE Hotel Group confirms that at the Company's Annual General Meeting held at 12 noon on 17 May 2022, all of the resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed. Resolutions 10 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 ***). Resolution 18 relating to the Rule 9 Waiver was duly passed by a majority of the votes cast by the independent shareholders only (independent shareholder votes cast being marked ***).

 

The full text of each resolution was included in the Company's Notice of Annual General Meeting (dated 28 February 2022) and Supplemental to the Notice of Annual General Meeting (dated 25 April 2022) 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

21,892,553

21,892,553

100%

0

0.00%

5,523

 

2.

To  approve the Company's Remuneration Report (advisory vote)

21,892,553

20,382,563

93.10%

1,509,990

6.90%

5,523

 

3.

To approve the Company's Remuneration Policy (advisory vote)

21,892,553

20,382,563

93.10%

1,509,990

6.90%

5,523

 

4.

To re-appoint Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as auditors of the Company

21,892,553

21,851,445

99.81%

41,108

0.19%

5,523

 

5.

To authorise the Directors to determine the auditors' remuneration

21,892,553

21,892,460

99.99%

93

0.01%

5,523

 

6.

To re-elect Eli Papouchado as a Director of the Company

21,851,538

21,060,214

96.38%

791,324

3.62%

46,538

 

7.

To re-elect Boris Ivesha as a Director of the Company

21,892,552

21,639,177

98.84%

253,375

1.16%

5,524

 

8.

To re-elect Daniel Kos as a Director of the Company

21,892,553

21,892,460

99.99%

93

0.01%

5,523

 

9.

To re-elect Kevin McAuliffe as a Director of the Company

20,362,215

19,957,310

98.01%

404,905

1.99%

1,535,861

 

10.

To re-elect Ken Bradley as a Director of the Company

21,397,384

20,443,193

95.54%

954,191

4.46%

500,692

 

***3,022,567

2,068,376

68.43%

954,191

31.57%

500,682

 

11.

To re-elect Nigel Keen as a Director of the Company

21,892,552

21,323,596

97.40%

568,956

2.60%

5,524

 

***3,517,735

2,948,779

83.83%

568,956

16.17%

5,524

 

12.

To re-elect Stephanie Coxon as a Director of the Company

21,892,553

21,609,781

98.71%

282,772

1.29%

5,523

 

***3,517,736

3,234,964

91.96%

282,772

8.04%

5,523

 

Extraordinary resolution


13.

Authority for Directors to allot shares

21,892,553

21,876,759

99.93%

15,794

0.07%

5,523

 

Special resolutions

 

14.

General authority to disapply pre-emption rights

21,892,552

21,625,127

98.78%

267,425

1.22%

5,524

 

15.

Additional authority to disapply  pre-emption rights

21,892,553

21,878,410

99.94%

14,143

0.06%

5,523

 

16.

Authority to purchase own shares

21,892,553

21,795,472

99.56%

97,081

0.44%

5,523

 

17.

Amendment to the Company's articles of incorporation

21,892,553

21,892,127

99.99%

426

0.01%

5,523

 

Ordinary resolution

 

18.

Waiver granted by the Takeover Panel to Rule 9 of the Takeover Code (Rule 9 Waiver)

***2,981,553

2,484,151

83.32%

497,402

16.68%

541,706

 

*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 the majority of the resolutions, but notes the minority votes (representing 31.57% of independent votes), against resolution 10: the re-appointment of Mr Ken Bradley. The Board takes the views of its shareholders seriously and the Company intends to engage with shareholders to better understand their concerns with a view to identifying how such concerns can be addressed. The Board looks forward to engaging with shareholders and an update on the results of this engagement and the actions to be taken will be published in due course.

 

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

 

A copy of the Company's new articles of incorporation, as adopted at the Annual General Meeting, has also been submitted to the National Storage Mechanism in line with Listing Rule 9.2.6ER(2)(a) and is available for viewing at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

Enquiries:

 

PPHE Hotel Group Limited

Daniel Kos,

Chief Financial Officer & Executive Director


Robert Henke

Executive Vice President of Commercial Affairs

Tel: +31 (0)20 717 8600

 

Hudson Sandler


Lucy Wollam

Charlotte Cobb

Nick Moore

Tel: +44 (0)20 7796 4133

Email: [email protected]

 

Notes to Editors

 

PPHE Hotel Group is an international hospitality real estate company, with a 1.8 billion portfolio, valued as at December 2021 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

 

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