PPHE Hotel Group Limited held an Extraordinary General Meeting on 28th February 2024, where the Rule 9 Waiver Resolution was passed by a majority of votes cast by the Independent Shareholders. The resolution was included in the Notice of Extraordinary General Meeting and received support from Independent Shareholders. The Board expressed satisfaction with the outcome and indicated that a further announcement would be made regarding the decision to implement the Share Buy-Back Authority at the relevant time.
The Rule 9 Waiver Resolution has been forwarded to the Financial Conduct Authority and will be available for inspection. PPHE Hotel Group is an international hospitality real estate company with a £2.0 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.
PPHE Hotel Group 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, the company 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.