PPHE Hotel Group Limited Board Appointment (1116G)

TIDMPPH

RNS Number : 1116G

PPHE Hotel Group Limited

27 February 2018

27 February 2018

PPHE Hotel Group Limited

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

Board Appointment

PPHE Hotel Group, which together with its subsidiaries (the Group), owns, leases, develops, operates and franchises full service upscale, upper upscale and lifestyle hotels in major gateway cities and resort destinations, predominantly in Europe, today announces an appointment to its board of directors (the Board).

The Board has appointed Daniel (Izaäk Herman) Kos, the Group's Chief Financial Officer, as an Executive Director to the Board, with immediate effect. Daniel will stand for re-election along with the Company's other Directors at the Company's forthcoming annual general meeting to be held on 15 May 2018.

Daniel was appointed as Chief Financial Officer on 1 January 2018, having joined the Group in 2011 as Group Head of Accounting and subsequently appointed as Vice President of Corporate Finance in 2015. Prior to joining the Group, Daniel held senior leadership positions within audit and finance, including eleven years at Mazars LLP, an international audit practice. Daniel is a Certified Public Accountant and holds a bachelor in business economics from the Hogeschool van Amsterdam.

Daniel was granted options over 100,000 shares in the Company at an exercise price of 690 pence, of which 33,334 are vested and the balance to vest, in two equal tranches, on 14 November 2018 and 14 November 2019 respectively.

The Board welcomes Daniel and believes that Daniel's impressive breadth of experience and knowledge gained in his seven years at the Group will complement the balance of skills among the existing directors on the Board.

Enquiries:

 
  PPHE Hotel Group Limited 
 
    Robert Henke, Executive Vice President 
    of Corporate Affairs                      Tel: +31 20 
    and Customer Experience                    717 8600 
  Lisa Woodman, Director of Corporate         Tel: +44 (0)20 
   Communications                              7034 4800 
  Hudson Sandler Financial Public 
   Relations 
                                              Tel: +44 (0)20 
  Wendy Baker/ Sophie Lister                   7796 4133 
                                              [e-mail] 
 
 
 
 

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.

The majority of the Group's hotels operate under the Park Plaza(R) Hotels & Resorts or art'otel(R) brands. The Group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza(R) Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel(R) brand is wholly owned by the Group.

The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels in operation offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2022.

Company websites:

www.pphe.com

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

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

This information is provided by RNS

The company news service from the London Stock Exchange

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February 27, 2018 08:09 ET (13:09 GMT)