Statement of intention not to make an offer

PPHE Hotel

Today 08:57

RNS Number : 0240J
  
Fattal Hotels Ltd
  
19 June 2026
  
 


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE.
19 June 2026
 
Fattal Hotels Ltd
("Fattal" or the "Company")
Statement of intention not to make an offer for PPHE Hotel Group Ltd
The Company notes the announcements made on 28 May 2026 and 8 June 2026 (the "Announcements") regarding a non-binding proposal by the Company to acquire the entire issued and to be issued ordinary share capital of PPHE Hotel Group Ltd ("PPHE") not already owned by it.
Following the Announcements the Company and PPHE have engaged in discussions regarding the potential terms of an offer for PPHE. However, it has not been possible to reach agreement and therefore the Company confirms that it does not intend to make an offer for PPHE.
This is a statement to which Rule 2.8 of the Code applies. Accordingly, the Company and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions set out in Rule 2.8 of the Code.
For the purposes of Rule 2.8 of the Code, the Company (and any person(s) acting in concert with it) reserves the right to set aside the restrictions in Rule 2.8 of the Code in any of the following circumstances:
(i) with the agreement of the board of directors of PPHE;
(ii) following the announcement by or on behalf of a third party of a firm intention to make an offer for PPHE;
(iii) following the announcement by PPHE of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); or
(iv) if there has been a material change of circumstances (as determined by the Panel).
Enquiries:
Fattal Hotels Ltd.                                                                               Tel: +972-3-6081888
Shahar Aka
Guy Vardi
Yaniv Amzaleg
 
Important notices
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or solicitation to purchase or otherwise acquire securities.
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom and Israel should inform themselves about, and observe any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the Code as well as the obligations of Fattal Hotel Group pursuant to the Market Abuse Regulation (EU) 596/2014 (MAR) and the information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1993, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
Publication on a website
In accordance with Rule 26.1 of the Code, a copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on the Company's website at www.fattalhotelgroup.com by no later than 12 noon (London time) on the business day following the date of this announcement. For the avoidance of doubt, the content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.    
 




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