PPHE Hotel Group Limited Result of Annual General Meeting (4018A)

TIDMPPH

RNS Number : 4018A

PPHE Hotel Group Limited

23 May 2023

23 May 2023

PPHE HOTEL GROUP LIMITED

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

Result of Annual General Meeting

PPHE Hotel Group confirms that at the Company's Annual General Meeting held at 12 noon on 23 May 2023, all of the resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed. Resolutions 9 to 12 relating to the re-election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked ***).

The full text of each resolution was included in the Company's Notice of Annual General Meeting (dated 20 March 2023) and Supplemental to the Notice of Annual General Meeting (dated 18 April 2023) that were posted or e-mailed to shareholders and also made available on the Company's website www.pphe.com . The following table shows the results of the votes cast.

 
 Resolution                       Total votes   For (*)               Against (*)          Withheld 
                                   cast                                                     (**) 
                                                Number       %        Number      % 
                                               -----------  -------  ----------  ------- 
 Ordinary resolutions 
       To receive the 
        Annual Report 
 1.     and Accounts              22,257,393    22,257,336   99.99%   57          0.01%    2,890,567 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To approve a 
        final dividend 
        of 12 pence 
        per ordinary 
        share for the 
        year ended 31 
 2.     December 2022             25,144,864    25,122,227   99.91%   22,637      0.09%    3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To approve the 
        C ompany's Remuneration 
        Report (advisory 
 3.     vote)                     24,141,922    22,432,311   92.92%   1,709,611   7.08%    1,006,038 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-appoint 
        Kost Forer Gabbay 
        & Kasierer, 
        a member of 
        Ernst & Young 
        Global, as auditors 
 4.     of the Company            25,144,864    24,989,675   99.38%   155,189     0.62%    3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To authorise 
        the Directors 
        to determine 
        the auditors' 
 5.     remuneration              25,144,864    25,122,227   99.91%   22,637      0.09%    3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Eli Papouchado 
        as a Director 
 6.     of the Company            25,012,312    23,924,319   95.65%   1,087,993   4.35%    135,648 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Boris Ivesha 
        as a Director 
 7.     of the Company            25,144,864    21,699,081   86.30%   3,445,783   13.70%   3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Daniel Kos as 
        a Director of 
 8.     the Company               25,144,864    22,236,201   88.43%   2,908,663   11.57%   3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Ken Bradley 
        as a Director 
 9.     of the Company            24,607,744    24,266,244   98.61%   341,500     1.39%    540,216 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
                                  *** 
                                   6,202,927    5,861,427    94.49%   341,500     5.51%    540,216 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Nigel Keen as 
        a Director of 
 10.    the Company               24,141,935    23,489,013   97.30%   652,922     2.70%    1,006,025 
      -------------------------  ------------  -----------  -------              -------  ---------- 
                                  *** 
                                   5,737,118    5,084,196    88.62%   652,922     11.38%   1,006,025 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       To re-elect 
        Stephanie Coxon 
        as a Director 
 11.    of the Company            25,144,864    24,819,461   98.71%   325,403     1.29%    3,096 
      -------------------------  ------------  -----------  -------              -------  ---------- 
                                  *** 
                                   6,740,047    6,414,644    95.17%   325,403     4.83%    3,096 
      -------------------------  ------------  -----------  -------              -------  ---------- 
       To re-elect 
        Marcia Bakker 
        as a Director 
 12.    of the Company            25,144,864    25,125,041   99.92%   19,823      0.08%    3,096 
      -------------------------  ------------  -----------  -------              -------  ---------- 
                                  *** 
                                   6,740,047    6,720,224    99.71%   19,823      0.29%    3,096 
      -------------------------  ------------  -----------  -------              -------  ---------- 
       To appoint Greg 
        Hegarty as a 
        Director of 
 17.    the Company               25,144,864    22,236,201   88.43%   2,908,663   11.57%   3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
 Extraordinary resolution 
       Authority for 
        Directors to 
 13.    allot shares              25,144,864    22,230,595   88.41%   2,914,269   11.59%   3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
 Special resolutions 
       General authority 
        to disapply 
        pre-emption 
 14.    rights                    25,144,864    22,221,379   88.37%   2,923,485   11.63%   3,096 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       Additional authority 
        to disapply 
        pre-emption 
 15.    rights                    25,144,851    22,221,246   88.37%   2,923,605   11.63%   3,109 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
       Authority to 
        purchase own 
 16.    shares                    25,144,851    24,794,684   98.61%   350,167     1.39%    3,109 
      -------------------------  ------------  -----------  -------  ----------  -------  ---------- 
 

*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 resolution

*** Votes cast by independent shareholders

The Board is pleased with the support from shareholders for all of the resolutions proposed. As previously announced, effective as of today, Kevin McAuliffe has retired from the Board.

Eli Papouchado, Chairman of PPHE said:

"On behalf of the Board, I wish to express my gratitude to Kevin McAuliffe for his dedication and service to the Group, he has been an integral and valued Board member in helping the Group grow and succeed. On behalf of the Board we thank him for his commitment and service to the Group."

In accordance with the Listing Rules a copy of each of the resolutions in respect of special business of the Company passed at the Annual General Meeting has been forwarded to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries

 
PPHE Hotel Group Limited                         Tel: [phone] 
Daniel Kos, Chief Financial Officer & Executive 
 Director 
Robert Henke, Executive Vice President 
 of Commercial Affairs 
Hudson Sandler                                   Tel: [phone] 
                                                  4133 
Wendy Baker / Charlotte Cobb / Ben Wilson        [e-mail] 
 

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a GBP2.0 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(R) branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel(R) brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments(R) and Arena Campsites(R) 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

For reservations

   www.parkplaza.com   |   www.artotel.com  | www.arenahotels.com   |   www.arenacampsites.com 

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May 23, 2023 11:53 ET (15:53 GMT)