Result of General Meeting
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PPHE Hotel Group confirms that at the Company's Extraordinary General Meeting held at 12 noon on 28 February 2024 (the "EGM") the resolution relating to the Rule 9 Waiver (the "Rule 9 Waiver Resolution"), as proposed at the EGM, was passed. The Rule 9 Waiver Resolution was duly passed by a majority of the votes cast by the Independent Shareholders only.
The full text of the Rule 9 Waiver Resolution was included in the Company's Notice of Extraordinary General Meeting (dated 7 February 2024) that was posted or e-mailed to shareholders and also made available on the Company's website www.pphe.com (the "Notice"). The following table shows the results of the votes cast.
| Ordinary resolution | Total votes cast | For(*) | Against(*) | Withheld (**) | ||
|---|---|---|---|---|---|---|
| Number | % | Number | % | |||
| Rule 9 Waiver Resolution | 9,209,291 | 7,658,269 | 83.16 % | 1,551,022 | 16.84 % | 133,819 |
* Includes discretionary votes
** A vote "Withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the Rule 9 Waiver Resolution
The Board is pleased with the support from Independent Shareholders for the Rule 9 Waiver Resolution. A further announcement will be made regarding any decision to implement the Share Buy-Back Authority at the relevant time.
In accordance with the Listing Rules a copy of the Rule 9 Waiver Resolution has been forwarded to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Any terms capitalised but not defined in this announcement shall have the meaning given to them in the Notice.
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