Transaction in own securities
Updated : 14:39
16 February 2023
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: | 15 February 2023 |
Number of ordinary shares purchased: | 3,421 |
Highest price paid per share: | 1,150.00p |
Lowest price paid per share: | 1,130.00p |
Volume weighted average price paid per share: | 1,139.77p |
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 1,984,991 of its ordinary shares in treasury and has 42,362,419 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 |
15/02/2023 | 08:03:35 | 600 | 1130 | XLON | 00339021162TRLO1.1.1 |
15/02/2023 | 08:03:35 | 400 | 1130 | XLON | 00339021161TRLO1.1.1 |
15/02/2023 | 08:02:52 | 1000 | 1135 | XLON | 00339020882TRLO1.1.1 |
15/02/2023 | 08:00:23 | 1421 | 1150 | XLON | 00339019414TRLO1.2.1 |
Enquiries
PPHE Hotel Group Limited Media Contacts | |
Daniel Kos, Chief Financial Officer & Executive Director | |
Robert Henke, Executive Vice President Commercial Affairs | Tel: +31 (0)20 717 8600 |
Hudson Sandler | |
Wendy Baker | |
Charlotte Cobb | |
Ben Wilson | Tel: +44 (0)20 7796 4133 |
Notes to Editors
PPHE Hotel Group is an international hospitality real estate company, with a £1.8 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® 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.
Company websites | For reservations |
www.pphe.com
| www.parkplaza.com |
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