Publicación del aviso de la Asamblea General Anual y propuesta de exención de la Regla 9
13 de marzo de 2024
PPHE Hotel Group Limited
("PPHE Hotel Group", la "Empresa" o el "Grupo")
Announcement of Posting of AGM Notice and Proposed Rule 9 Waiver
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces today that the circular including notice of its Annual General Meeting ("AGM") (la "Aviso de AGM") will be published and posted to Shareholders today. The AGM will take place on 22 May 2024 at 12 noon at The Farmhouse Hotel, Route des Bas Courtils, St Saviours, Guernsey, GY7 9YF.
The AGM Notice will also be available today on the Company's website at www.pphe.com. In accordance with UK Listing Rules 9.6.1 and 9.6.3, the AGM Notice will today be submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at:https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Proposed Rule 9 Waiver
One resolution to be proposed at the AGM (Resolution 18 of the AGM Notice, the "Regla 9 Resolución de Renuncia") seeks approval of a waiver of the mandatory offer provisions set out in Rule 9 of the Takeover Code to be put to Independent Shareholders (being Shareholders other than those who are members of the concert party comprising the Company's Non-Executive Chairman, Eli Papouchado, and President and Chief Executive Officer, Boris Ivesha, and parties acting in concert with them (the "Concierto")) via a poll.
This resolution is required in order to give the Board the flexibility to act on Resolution 17 of the AGM Notice should it be approved at the AGM, which proposes to authorise the Company to make market purchases of up to 2,118,165 Ordinary Shares of nil par value (the "Autoridad de recompra de acciones"). Should Resolution 17 of the AGM Notice be approved, the Directors will only exercise the power of purchase after careful consideration and in circumstances where they are satisfied, that to do so would result in an increase in earnings per share and would be in the best interests of the Company and of its Shareholders generally. The Directors intend to keep under review the potential to purchase Ordinary Shares.
The Share Buy-Back Authority (subject to prevailing conditions at such time) would offer the Company the ability to make market purchases at a price or prices that the Company believes will be value enhancing to Shareholders.
Given that the Concert Party, currently holds 43.43 per cent. of the Company's issued share capital, any increase in its percentage holding resulting from the Company implementing the Share Buy-Back Authority (if approved) would trigger a mandatory requirement to make an offer for all of the Ordinary Shares (excluding treasury shares) unless the Takeover Panel waives such requirement. As is customary, the Takeover Panel will only grant such a waiver if (amongst other things) the Rule 9 Waiver Resolution has been passed. If the Company were to repurchase from persons other than members of the Concert Party, the maximum number of Ordinary Shares pursuant to the proposed Share Buy-Back Authority, the Concert Party's interest in Ordinary Shares would (assuming no other allotments of Ordinary Shares) increase to 45.71 per cent. of the issued share capital of the Company.
One of the purposes of the AGM Notice is to provide Shareholders with an explanation of the Rule 9 Waiver Resolution and to give Shareholders the information required under the Takeover Code.
The Independent Directors, who have been so advised by Jefferies and Investec, consider the Rule 9 Waiver Resolution and the Share Buy-Back Authority, including the maximum controlling position which it will create and the effect which this will have on Shareholders generally, to be fair and reasonable and to be in the best interests of the Independent Shareholders and the Company as a whole. In providing its advice to the Independent Directors, Jefferies and Investec have taken account of the Independent Directors' commercial assessments.
The voting results of all the resolutions put before the AGM including the Share Buy-Back Authority and the Rule 9 Waiver Resolution will be announced to the market following the AGM.
Se hará otro anuncio con respecto a cualquier decisión de implementar la Autoridad de Recompra de Acciones en el momento pertinente.
Further details of the Rule 9 Waiver Resolution which will be put to Independent Shareholders at the AGM are set out in the AGM Notice.
Terms used but not defined in this announcement shall have the meaning given to them in the AGM Notice.
The Rule 9 Waiver Resolution is to be proposed as an ordinary resolution, requiring a simple majority of the Independent Shareholders present in person or by proxy to vote in favour in order for it to be passed.
- Termina -
Consultas:
PPHE Hotel Group Limited | Tel.: +31 (0) 20 717 8600 |
Daniel Kos, director financiero y director ejecutivo | |
Robert Henke, vicepresidente ejecutivo de asuntos comerciales | |
hudson sandler | Tel.: +44 (0) 20 7796 4133 |
Wendy Baker / Charlotte Cobb / India Laidlaw |
Notas para los redactores:
PPHE Hotel Group es una empresa inmobiliaria de hostelería internacional, con una cartera de 2.2 millones de libras esterlinas, valorada en diciembre de 2022 por Savills y Zagreb nekretnine Ltd (ZANE), de activos principalmente de propiedad absoluta y arrendamiento a largo plazo en Europa.
A través de sus subsidiarias, entidades controladas conjuntamente y asociadas, es propietaria, copropietaria, desarrolla, alquila, opera y otorga en franquicia bienes inmuebles hoteleros. Su cartera incluye hoteles de lujo de servicio completo, de lujo superior y de estilo de vida en las principales ciudades de entrada y centros regionales, así como propiedades de hotel, resort y camping en destinos turísticos seleccionados. La estrategia del Grupo es hacer crecer su cartera de hoteles centrales de lujo en el centro de la ciudad, ocio y hospitalidad al aire libre y plataforma de gestión de la hospitalidad.
PPHE Hotel Group se beneficia de tener una licencia exclusiva y perpetua de Radisson Hotel Group, uno de los grupos hoteleros más grandes del mundo, para desarrollar y operar hoteles y complejos turísticos con la marca Park Plaza® en Europa, Oriente Medio y África. Además, PPHE Hotel Group posee y opera bajo la marca art'otel® y su subsidiaria croata posee y opera bajo las marcas Arena Hotels & Apartments® y Arena Campsites®.
PPHE Hotel Group es una empresa registrada en Guernsey con acciones que cotizan en la Bolsa de Valores de Londres. PPHE Hotel Group también tiene una participación mayoritaria en Arena Hospitality Group, cuyas acciones cotizan en el mercado Prime de la Bolsa de Valores de Zagreb.
Sitios web de la empresa: www.pphe.com | www.arenahospitalitygroup.com
Para reservaciones:
www.parqueplaza.com | www.artotel.com | www.arenahotels.com | www.arenacampsites.com
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