REG - PPHE Hotel Grp Ltd - Transactions in own securities

PPHE HotelAnnouncement

16/10/2024 07:00

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RNS Number : 3151I  PPHE Hotel Group Limited  16 October 2024

 
16 October 2024

 

PPHE Hotel Group Limited

("the Company" or "PPHE")

Transactions in own securities

PPHE announces today that it has purchased the following number of its
ordinary shares on the London Stock Exchange through Jefferies International
Limited ("the Broker"). The repurchased shares will be held in treasury. This
concludes the current £4.0 million share buyback programme, details of which
were announced on 11 July 2024.

Ordinary Shares

 Date of purchase:                              15 October 2024
 Number of ordinary shares purchased:           14,450
 Highest price paid per share:                  1,170.00p
 Lowest price paid per share:                   1,150.00p
 Volume weighted average price paid per share:  1,151.04p

Such purchase forms part of the Company's existing share buy-back programme
and was effected pursuant to the instructions issued to the Broker by the
Company on 10 July 2024, as announced on 11 July 2024.

Following the purchase of these shares, PPHE holds 2,558,086 of its ordinary
shares in treasury and has 41,789,324 ordinary shares in issue (excluding
treasury shares).

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it
applies in the UK (the Market Abuse Regulation), a full breakdown of the
individual trades made by the Broker on behalf of the Company as part of the
buy-back programme is detailed below:

 Transaction Date  Transaction Time  Volume  Price (GBp)  Platform  Transaction Reference Number
 15/10/2024        9:32:48           13700   1150         XLON      00426575627TRLO1.1.5
 15/10/2024        14:55:16          750     1170         XLON      00426650003TRLO1.1.1

 

Enquiries

 PPHE Hotel Group Limited Media Contacts
 Daniel Kos, Chief Financial Officer & Executive Director
 Robert Henke, Executive Vice President Commercial Affairs     Tel: +31 (0)20 717 8600
 Hudson Sandler
 Wendy Baker
 Lucy Wollam-Coles
 India Laidlaw                                                 Tel: +44 (0)20 7796 4133

                                                               pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)

 

Notes to Editors

 

PPHE Hotel Group is an international hospitality real estate company, with a
£2.2 billion portfolio, valued as at December 2023 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
(http://www.arenahospitalitygroup.com)

For reservations:
www.parkplaza.com (http://www.parkplaza.com/)  | www.artotel.com
(http://www.artotel.com/)  | www.radissonhotels.com
(http://www.radissonhotels.com/)  | www.arenahotels.com
(http://www.arenahotels.com/)  | www.arenacampsites.com
(http://www.arenacampsites.com/)

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