Notice of Additional Resolution

18 April 2023

PPHE Hotel Group Limited

("PPHE", the "Company" or the "Group")

Notice of Additional Resolution relating to Board Appointment

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces that it is today distributing a supplement to the AGM Notice (the "Supplemental AGM Notice") in respect of the Company's 2023 Annual General Meeting (notice of which was given on 21 March 2023) to be held at 12 noon on 23 May 2023 (the "AGM"). The Supplemental AGM Notice will be made available on the Company's website later today at: www.pphe.com.

The Supplemental AGM Notice contains notice of an additional resolution, for the appointment of an additional executive director (the "Additional Resolution"), to be proposed at the AGM.

The Company is seeking the authority of its shareholders ("Shareholders") by way of the Additional Resolution to appoint Greg Hegarty, the Company's Deputy Chief Executive Officer & Chief Operating Officer, as an executive director of the Company, effective from the conclusion of the AGM.

Greg was appointed as Chief Operating Officer of the Group in 2019 and Deputy Chief Executive Officer & Chief Operating Officer in 2020, having held numerous management positions within the Group since joining in 2010. He brings nearly three decades of experience in the hospitality industry managing multiple brands and operating owned, managed and leased hotels. Prior to joining the Group in 2010, Greg held senior management roles at recognised brands and owner/operators such as Clermont Hotel Group (formerly GLH Hotels) and RBH (formerly Redefine BDL Hotels). He holds a Masters' Degree in Business Administration (MBA) and has further shown his commitment to the hospitality industry by becoming a Fellow of the Institute of Hospitality and Master Innholder.

The Directors believe that the appointment will enhance the leadership attributes of the Board by strengthening its strategic capacity whilst also providing invaluable operational expertise of the Group's day-to-day business and the grassroot implementation of the Group's strategy. The appointment forms part of a wider commitment by the Company to periodically refresh the Board and is also in keeping with the Group's internal talent management strategy of promoting intra-group mobility.

The Additional Resolution is to be proposed as an ordinary resolution, requiring at least 50 per cent. of the votes cast by Shareholders present in person or by proxy to vote in favour of it in order for it to be passed.  Voting on all the resolutions to be proposed at the AGM will be conducted by way of a poll.

Shareholders who have already submitted a proxy appointment in advance of the AGM, please refer to the Supplemental AGM Notice as to the action that you should take in relation to appointing a proxy, or updating your existing proxy appointment, so that it relates to all the resolutions (17 resolutions in total) to be proposed at the AGM.

Any specific questions on the business of the AGM and on the resolutions can be submitted ahead of the AGM by e-mail to [email protected] and [email protected] (marked for the attention of Robert Henke and Inbar Zilberman).  Robert Henke and Inbar Zilberman also remain available to shareholders in the first instance for any questions related to the AGM.  

In accordance with UK Listing Rules 9.6.1 and 9.6.3, the Supplemental 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. 

There are no further disclosures required under UK Listing Rule 9.6.13.

Enquiries

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a £2.0 billion portfolio, valued as at December 2022 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets in Europe.

Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate. Its portfolio includes full-service upscale, upper upscale and lifestyle hotels in major gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations. The Group's strategy is to grow its portfolio of core upper upscale city centre hotels, leisure and outdoor hospitality and hospitality management platform.

PPHE Hotel Group benefits from having an exclusive and perpetual licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group 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. PPHE Hotel Group also holds a controlling ownership interest in Arena Hospitality Group, whose shares are listed on the Prime market of the Zagreb Stock Exchange.

Company websites

www.pphe.com | www.arenahospitalitygroup.com

For reservations

www.parkplaza.com | www.artotel.com |www.arenahotels.com | www.arenacampsites.com