28
February 2024
PPHE Hotel Group
Limited
("PPHE Hotel Group",
the "Company" or the
"Group")
Result of Extraordinary
General Meeting
PPHE Hotel Group confirms that at
the Company's Extraordinary General Meeting held at 12 noon on 28
February 2024 (the "EGM")
the resolution relating to the Rule 9 Waiver (the "Rule 9 Waiver Resolution"), as proposed
at the EGM, was passed. The Rule 9 Waiver Resolution was duly
passed by a majority of the votes cast by the Independent
Shareholders only.
The full text of the Rule 9 Waiver
Resolution was included in the Company's Notice of Extraordinary
General Meeting (dated 7 February 2024) that was posted or e-mailed
to shareholders and also made available on the Company's
website www.pphe.com (the "Notice"). The
following table shows the results of the votes cast.
|
Ordinary resolution
|
Total votes cast
|
For(*)
|
Against(*)
|
Withheld (**)
|
|
Number
|
%
|
Number
|
%
|
|
Rule 9 Waiver Resolution
|
9,209,291
|
7,658,269
|
83.16%
|
1,551,022
|
16.84%
|
133,819
|
* 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 Rule 9 Waiver Resolution
The Board is pleased with the
support from Independent Shareholders for the Rule 9 Waiver
Resolution. A further announcement will be
made regarding any decision to implement the Share Buy-Back
Authority at the relevant time.
In accordance with the Listing Rules
a copy of the Rule 9 Waiver Resolution has been forwarded to the
Financial Conduct Authority and will shortly be available for
inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Any terms capitalised but not
defined in this announcement shall have the meaning given to them
in the Notice.
Enquiries:
|
PPHE Hotel Group Limited
|
|
Daniel Kos, Chief Financial Officer
& Executive Director
|
|
Inbar Zilberman, Chief Corporate
& Legal Officer
|
|
Robert Henke, Executive Vice
President of Commercial Affairs
|
Notes to Editors
PPHE Hotel Group is an international
hospitality real estate company, with a £2.0
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® 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: PPHE Hotel
Group |
Arena Hospitality
Group