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PPHE Hotel Group Limited  -  PPH   

Interim Dividend

Released 11:46 06-Sep-2017

RNS Number : 9823P
PPHE Hotel Group Limited
06 September 2017

 6 September 2017



PPHE Hotel Group Limited ("the Company")


Interim Dividend


The Company is pleased to report that the Board of Directors has approved the payment of an interim dividend of 11 pence per ordinary share of the Company, for the period ended 30 June 2017, to all shareholders who are on the register as at 15 September 2017.


The interim dividend is to be paid on 13 October 2017.  The shares of the Company will go ex-dividend on 14 September 2017.





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 (51.97% 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.


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Interim Dividend - RNS