REG - PPHE Hotel Grp Ltd - Result of Extraordinary General Meeting

PPHE HotelAnnouncement

28/02/2024 13:45

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RNS Number : 8276E  PPHE Hotel Group Limited  28 February 2024

28 February 2024

 

 

PPHE Hotel Group Limited

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

 

Result of Extraordinary General Meeting

 

PPHE Hotel Group confirms that at the Company's Extraordinary General Meeting
held at 12 noon on 28 February 2024 (the "EGM") the resolution relating to the
Rule 9 Waiver (the "Rule 9 Waiver Resolution"), as proposed at the EGM, was
passed. The Rule 9 Waiver Resolution was duly passed by a majority of the
votes cast by the Independent Shareholders only.

 

The full text of the Rule 9 Waiver Resolution was included in the Company's
Notice of Extraordinary General Meeting (dated 7 February 2024) that was
posted or e-mailed to shareholders and also made available on the Company's
website www.pphe.com (http://www.pphe.com) (the "Notice"). The following table
shows the results of the votes cast.

 

 Ordinary resolution       Total votes cast  For(*)             Against(*)         Withheld (**)
                           Number                       %       Number     %
 Rule 9 Waiver Resolution  9,209,291         7,658,269  83.16%  1,551,022  16.84%  133,819

 

* 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 Rule 9 Waiver Resolution

The Board is pleased with the support from Independent Shareholders for the
Rule 9 Waiver Resolution. A further announcement will be made regarding any
decision to implement the Share Buy-Back Authority at the relevant time.

 

In accordance with the Listing Rules a copy of the Rule 9 Waiver Resolution
has been forwarded to the Financial Conduct Authority and will shortly be
available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

Any terms capitalised but not defined in this announcement shall have the
meaning given to them in the Notice.

 

Enquiries:

 

 PPHE Hotel Group Limited
 Daniel Kos, Chief Financial Officer & Executive Director
 Inbar Zilberman, Chief Corporate & Legal Officer
 Robert Henke, Executive Vice President of Commercial Affairs

 

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: PPHE Hotel Group (https://www.pphe.com/) | Arena Hospitality
(https://www.arenahospitalitygroup.com/) Group
(https://www.arenahospitalitygroup.com/)

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