Propuesta de exención de la Regla 9 y notificación de la JGE
7 de febrero de 2024
PPHE Hotel Group Limited
("Grupo hotelero PPHE", la "Empresa" o la "Grupo procesos")
Proposed Rule 9 Waiver and Notice of Extraordinary General Meeting
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces today that the Company will be holding an Extraordinary General Meeting at The Farmhouse Hotel, Route Des Bas Courtils, St Saviours, Guernsey, GY7 9YF at 12 noon on 28 February 2024 (the "EGM"), notice of which is contained in a circular (the "Circular") which will shortly be available on the Company's website at www.pphe.com.
The resolution to be proposed at the EGM (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 16 approved at the Company's Annual General Meeting held on 23 May 2023, which authorises the Company to make market purchases of up to 4,235,876 Ordinary Shares of nil par value (el "Autoridad de recompra de acciones"). 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) offers 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 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 Share Buy-Back Authority, the Concert Party's interest in Ordinary Shares would (assuming no other allotments of Ordinary Shares) increase to 48.25 per cent. of the issued share capital of the Company. The purpose of the EGM Notice is to provide you with an explanation of the Rule 9 Waiver Resolution and to give you 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 result of the resolution put before the EGM will be announced to the market following the EGM.
De conformidad a UK Publicaciones Regla 9.6.1, las EGM Aviso deberá be Subido a, y seguirá be dentro de poco available for inspection on, the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism y se publicará en el sitio web de la Compañía.
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 proposed resolution which will be put to Independent Shareholders at the EGM are set out in the Circular.
Terms used but not defined in this announcement shall have the meaning given to them in the Circular.
The EGM
The Circular containing a notice convening the EGM, will be posted to shareholders and a copy made available on the Company's website later today. 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.
Consultas:
Grupo hotelero PPHE Limitada |
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Daniel Kos, director financiero y ejecutivo Director | Tel.: +31 (0) 20 717 8600 |
Inbar Zilberman, director corporativo y jurídico Oficial |
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Robert Henke, vicepresidente ejecutivo de Comercial Negocios |
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Notas a los editores
PPHE Hotel Group es una empresa inmobiliaria internacional de hostelería, con una cartera de 2.0 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 resorts de 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: Grupo hotelero PPHE | Hospitalidad de la arena Grupo procesos
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