15 May 2017
THIS RELEASE (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL OR WHICH WOULD REQUIRE ANY REGISTRATION OR LICENSING WITHIN SUCH JURISDICTION OR TO ANY OTHER PERSON. THIS RELEASE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OR OFFER IS UNLAWFUL.
This announcement is not a prospectus within the meaning of directive 2003/71/EC (the Prospectus Directive). Investors should not purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus (the "Prospectus") published by Arena Hospitality Group d.d. in connection with the proposed admission of its ordinary registered shares to the Official List of the Zagreb Stock Exchange. The Prospectus is available on Arena Hospitality Group d.d.'s website at www.arenaturist.com, subject to applicable securities laws.
PPHE Hotel Group Limited (the "Company")
Subscription for shares in Arena Hospitality Group d.d. ("Arena")
PPHE Hotel Group Limited, which together with its subsidiaries (the "PPHE Hotel Group") owns, leases, develops, operates and franchises full service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe, announces that it has decided to subscribe (through its wholly owned subsidiary, Dvadeset Osam d.o.o.) for €9 million of new shares in its 77.09% owned subsidiary, Arena Hospitality Group d.d ("Arena") as part of the public offering of shares announced by Arena on 12 May 2017.
On 12 May 2017 Arena announced a public offer of between 1,000,000 and 2,000,000 new ordinary shares ("Shares") at a price per Share ranging between 400.00 HRK and 500.00 HRK ("Price Range") (the "Offering"). The PPHE Hotel Group has today decided to subscribe (through its wholly owned subsidiary and majority shareholder of Arena, Dvadeset Osam d.o.o.) for such number of Shares, at a price per Share within the Price Range, as shall have an aggregate value of €9 million. The proposed subscription will be financed by the PPHE Hotel Group through existing cash resources. The number of Shares to be subscribed for by the PPHE Hotel Group shall be determined and announced once the subscription price of the Shares and the successful completion of the Offering have been announced by Arena (which is expected to take place on or around 26 May 2017).
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
PPHE Hotel Group Limited |
Chen Moravsky, Deputy Chief Executive Officer and Chief Financial Officer |
Tel: +44 (0)20 7034 4800 |
Hudson Sandler Financial Public Relations |
|
Wendy Baker / Jocelyn Spottiswoode |
Tel: +44 (0)20 7796 4133 |
Notes to editors
The Company is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.
The majority of the Group's hotels operate under the Park Plaza® Hotels & Resorts or art'otel® brands. The Group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel® brand is wholly owned by the Group.
The Group has a controlling ownership interest (77.09% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.
The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels, which are expected to add an additional 500 rooms by the end of 2019.
Our Company:
www.pphe.com
Our Brands:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan, New Zealand or the Republic of South Africa, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan, New Zealand or the Republic of South Africa
