PPHE Hotel Group Limited Transactions in own securities

RNS Number : 6951F

PPHE Hotel Group Limited

26 September 2024

 

                                                                                                                           26 September 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.

Ordinary Shares

Date of purchase:	25 September 2024
Number of ordinary shares purchased:	6,000
Highest price paid per share:	1,245.00p
Lowest price paid per share:	1,245.00p
Volume weighted average price paid per share:	1,245.00p

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.

In addition, on 12 September 2024, 30,990 ordinary shares of no par value in the Company previously held in treasury, were transferred out of treasury.

Following the purchase of these shares and transfer out of treasury set out above, PPHE holds 2,398,748 of its ordinary shares in treasury and has 41,948,662 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
25/09/2024	14:24:30	6000	1245	XLON	00423087982TRLO1.1.1

 

Enquiries

PPHE Hotel Group Limited Media Contacts
Daniel Kos, Chief Financial Officer & Executive Director
Robert Henke, Executive Vice President Commercial Affairs	Tel: [phone]
Hudson Sandler
Wendy Baker
Lucy Wollam-Coles
India Laidlaw	Tel: [phone] [e-mail]

 

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

For reservations:
www.parkplaza.com | www.artotel.com | www.radissonhotels.com | www.arenahotels.com | www.arenacampsites.com

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