PPHE Hotel Group Limited Special Dividend (1278F)

TIDMPPH

RNS Number : 1278F

PPHE Hotel Group Limited

25 July 2016

25 July 2016

PPHE Hotel Group Limited (the "Company")

Special Dividend

Further to the announcement on 13 July 2016, the Company wishes to announce that the payment date of the special dividend has been brought forward from that originally announced and will be paid on 12 August 2016 rather than 23 August 2016.

Accordingly, the special dividend will be paid on 12 August 2016, to shareholders on the register at close of business on 22 July 2016. The ex-dividend date remains at 21 July 2016.

Enquiries:

 
 PPHE Hotel Group Limited 
 Chen Moravsky, Deputy Chief Executive Officer   Tel: [phone] 
  & Chief Financial Officer 
 Hudson Sandler Financial Public Relations 
  Wendy Baker / Katie Cohen                      Tel: [phone] 
 

Notes to editors

PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe.

The majority of the Group's hotels operate under two distinct brands, Park Plaza(R) Hotels & Resorts and art'otel(R) . The Group has an exclusive licence from Carlson, a global privately held hospitality and travel company, to develop and operate Park Plaza(R) Hotels & Resorts in Europe, the Middle East and Africa. The art'otel(R) brand is fully owned by the Group.

The Group also owns a controlling interest in the Arenaturist group, one of Croatia's leading hospitality companies.

The portfolio of owned, leased, managed and franchised hotels comprises 38 hotels in operation offering a total of nearly 8,400 rooms. The development pipeline includes four new hotel projects and one hotel extension and reconfiguration. These developments are expected to add over 800 rooms to our portfolio by the end of 2016 and an additional 500 rooms by the end of 2019.

Our Company:

www.pphe.com

Our Hotel Brands:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

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

Forward-looking statements

This announcement may contain certain "forward-looking statements' which reflect the Company's and/or the Directors' current views with respect to financial performance, business strategy and future plans, both with respect to the Group and the sectors and industries in which the Group operates. Statements which include the words "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue" and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Group's actual results to differ materially from those indicated in these statements. Any forward-looking statements in this announcement reflect the Group's current views with respect to future events and are subject to risks, uncertainties and assumptions relating to the Group's operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of this announcement. Subject to any legal or regulatory obligations, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to the Group or individuals acting on behalf of the Group are expressly qualified in their entirety by this paragraph. Nothing in this announcement should be considered as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 25, 2016 06:28 ET (10:28 GMT)