PPHE Hotel Group Limited has announced the purchase of 4,012 of its ordinary shares on the London Stock Exchange through Jefferies International Limited. The highest and lowest price paid per share was 1,410.00p, with a volume-weighted average price paid per share of 1,410.00p. These repurchased shares will be held in treasury. This purchase is part of the company's existing share buy-back program and was made pursuant to the instructions issued to the Broker by the Company on 10 July 2024.
Following this transaction, PPHE holds 2,295,872 of its ordinary shares in treasury and has 42,051,538 ordinary shares in issue, excluding treasury shares. The individual trades made by the Broker on behalf of the Company as part of the buy-back program have been detailed in accordance with the Market Abuse Regulation.
PPHE Hotel Group is an international hospitality real estate company with a £2.2 billion portfolio primarily consisting of prime freehold and long leasehold assets in Europe. The company owns, co-owns, develops, leases, operates, and franchises hospitality real estate, including full-service upscale, upper upscale, and lifestyle hotels in major gateway cities and regional centers, as well as hotel, resort, and campsite properties in select resort destinations.
The company benefits from an exclusive and perpetual license from the Radisson Hotel Group to develop and operate Park Plaza branded hotels and resorts in Europe, the Middle East, and Africa. Additionally, 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 and holds a controlling ownership interest in Arena Hospitality Group, whose shares are listed on the Prime market of the Zagreb Stock Exchange.