PPHE Hotel Group Limited has announced the purchase of 5,211 of its ordinary shares on the London Stock Exchange through Jefferies International Limited. The repurchased shares will be held in treasury. The highest price paid per share was 1,335.00p, the lowest price paid per share was 1,330.00p, and the volume-weighted average price paid per share was 1,332.30p. This purchase is part of the company's existing share buy-back program and was effected pursuant to the instructions issued to the Broker by the Company on 10 July 2024, as announced on 11 July 2024.
Following the purchase, PPHE holds 2,359,094 of its ordinary shares in treasury and has 41,988,316 ordinary shares in issue (excluding treasury shares). The company provided a full breakdown of the individual trades made by the Broker on behalf of the Company as part of the buy-back program, in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation).
The detailed breakdown includes the transaction date, transaction time, volume, price (GBp), platform, and transaction reference number for each trade. This transparency in reporting the transactions provides insight into the company's buy-back activities and ensures compliance with regulations.