TIDMPPH

RNS Number : 1699I

PPHE Hotel Group Limited

01 December 2022

01 December 2022

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:                       30 November 2022 
 Number of ordinary shares purchased:               1,511 
                                        ----------------- 
 Highest price paid per share:                  1,244.00p 
                                        ----------------- 
 Lowest price paid per share:                   1,227.20p 
                                        ----------------- 
 Volume weighted average price 
  paid per share:                               1,233.88p 
                                        ----------------- 
 

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 29 June 2022, as announced on that date .

Following the purchase of these shares, PPHE holds 1,888,686 of its ordinary shares in treasury and has 42,458,724 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    Transaction   Volume   Price    Platform   Transaction Reference 
     Date           Time                (GBp)                      Number 
 30/11/2022     14:28:37      541      1230     XLON       00328711016TRLO1.2.1 
               ------------  -------  -------  ---------  ---------------------- 
 30/11/2022     12:37:18      459      1227     XOFF       00328656904TRLO1.1.1 
               ------------  -------  -------  ---------  ---------------------- 
 30/11/2022     12:11:53      511      1244     XLON       00328647656TRLO1.2.1 
               ------------  -------  -------  ---------  ---------------------- 
 

Enquiries

 
PPHE Hotel Group Limited Media Contacts 
Daniel Kos, Chief Financial Officer & Executive 
 Director 
Robert Henke, Executive Vice President Commercial  Tel: +31 (0)20 717 
 Affairs                                            8600 
Hudson Sandler 
Lucy Wollam 
Charlotte Cobb 
Ben Wilson                                         Tel: +44 (0)20 7796 
                                                    4133 
                                                    pphe@hudsonsandler.com 
 

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a GBP1.8 billion portfolio, valued as at December 2021 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.

 
 Company websites                 For reservations 
 www.pphe.com                     www.parkplaza.com 
  www.arenahospitalitygroup.com    www.artotel.com 
                                   www.arenahotels.com 
                                   www.arenacampsites.com 
 

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END

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(END) Dow Jones Newswires

December 01, 2022 02:00 ET (07:00 GMT)

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