TIDMPPH
RNS Number : 6043W
PPHE Hotel Group Limited
18 April 2023
18 April 2023
PPHE Hotel Group Limited
("PPHE", the "Company" or the "Group")
Notice of Additional Resolution relating to Board
Appointment
PPHE Hotel Group, the international hospitality real estate
group which develops, owns and operates hotels and resorts,
announces that it is today distributing a supplement to the AGM
Notice (the "Supplemental AGM Notice") in respect of the Company's
2023 Annual General Meeting (notice of which was given on 21 March
2023) to be held at 12 noon on 23 May 2023 (the "AGM"). The
Supplemental AGM Notice will be made available on the Company's
website later today at: www.pphe.com.
The Supplemental AGM Notice contains notice of an additional
resolution, for the appointment of an additional executive director
(the "Additional Resolution"), to be proposed at the AGM.
The Company is seeking the authority of its shareholders
("Shareholders") by way of the Additional Resolution to appoint
Greg Hegarty, the Company's Deputy Chief Executive Officer &
Chief Operating Officer, as an executive director of the Company,
effective from the conclusion of the AGM.
Greg was appointed as Chief Operating Officer of the Group in
2019 and Deputy Chief Executive Officer & Chief Operating
Officer in 2020, having held numerous management positions within
the Group since joining in 2010. He brings nearly three decades of
experience in the hospitality industry managing multiple brands and
operating owned, managed and leased hotels. Prior to joining the
Group in 2010, Greg held senior management roles at recognised
brands and owner/operators such as Clermont Hotel Group (formerly
GLH Hotels) and RBH (formerly Redefine BDL Hotels). He holds a
Masters' Degree in Business Administration (MBA) and has further
shown his commitment to the hospitality industry by becoming a
Fellow of the Institute of Hospitality and Master Innholder.
The Directors believe that the appointment will enhance the
leadership attributes of the Board by strengthening its strategic
capacity whilst also providing invaluable operational expertise of
the Group's day-to-day business and the grassroot implementation of
the Group's strategy. The appointment forms part of a wider
commitment by the Company to periodically refresh the Board and is
also in keeping with the Group's internal talent management
strategy of promoting intra-group mobility.
The Additional Resolution is to be proposed as an ordinary
resolution, requiring at least 50 per cent. of the votes cast by
Shareholders present in person or by proxy to vote in favour of it
in order for it to be passed. Voting on all the resolutions to be
proposed at the AGM will be conducted by way of a poll.
Shareholders who have already submitted a proxy appointment in
advance of the AGM, please refer to the Supplemental AGM Notice as
to the action that you should take in relation to appointing a
proxy, or updating your existing proxy appointment, so that it
relates to all the resolutions (17 resolutions in total) to be
proposed at the AGM.
Any specific questions on the business of the AGM and on the
resolutions can be submitted ahead of the AGM by e-mail to
rhenke@pphe.com and izilberman@pphe.com (marked for the attention
of Robert Henke and Inbar Zilberman). Robert Henke and Inbar
Zilberman also remain available to shareholders in the first
instance for any questions related to the AGM.
In accordance with UK Listing Rules 9.6.1 and 9.6.3, the
Supplemental AGM Notice will today be submitted to the Financial
Conduct Authority via the National Storage Mechanism and will
shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
There are no further disclosures required under UK Listing Rule
9.6.13.
Enquiries
PPHE Hotel Group Limited Tel: +31 (0)20 717 8600
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President
of Commercial Affairs
Hudson Sandler Tel: +44 (0)20 7796
4133
Wendy Baker / Charlotte Cobb / Ben Wilson pphe@hudsonsandler.com
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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END
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