PPHE Hotel Group Limited has announced the purchase of its ordinary shares on the London Stock Exchange through Jefferies International Limited. The company has repurchased 4,863 ordinary shares, which will be held in treasury. The highest price paid per share was 1,355.00p, the lowest was 1,340.00p, and the volume-weighted average price paid per share was 1,348.71p. This purchase is part of the company's existing share buy-back program and was made in accordance with the instructions issued to the Broker on 10 July 2024.
Following this transaction, PPHE now holds 2,344,224 of its ordinary shares in treasury and has 42,003,186 ordinary shares in issue, excluding treasury shares. The detailed breakdown of the individual trades made by the Broker on behalf of the Company as part of the buy-back program is also provided in the announcement.
This announcement is in compliance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation). The company has provided comprehensive details of the transactions, including the date, time, volume, price, and platform for each trade made by the Broker on behalf of the Company as part of the buy-back program.
The information provided in the announcement offers transparency and insight into PPHE Hotel Group Limited's recent share buy-back activities, providing shareholders and the market with a clear understanding of the company's transactions in its own securities.