Result of AGM
PPHE Hotel Group Limited announced that all resolutions were passed at its Annual General Meeting on May 19, 2026, including the re-election of independent directors. While most resolutions received overwhelming support, the Board noted votes against Resolution 12 and intends to engage with shareholders to understand the concerns. The company's Annual Report and Accounts were received with 100% approval, and a final dividend of 22 pence per ordinary share for the year ended December 31, 2025, was also approved with 100% of votes cast in favour. The reappointment of auditors and authorization for directors to determine their remuneration also passed with near-unanimous support.
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PPHE Hotel Group confirms that at the Company's Annual General Meeting held on 19 May 2026 at 12 noon, all of the resolutions were decided on a poll and all resolutions proposed at the Annual General Meeting were passed. Resolutions 9 to 12 relating to the re-election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below (independent shareholder votes cast being marked ***). The Board notes the votes cast against Resolution 12 and will endeavour to engage with shareholders to understand the reasons for the votes cast for that resolution. The Board values the views of all shareholders and is committed to constructive dialogue.
The full text of each resolution was included in the Company's Notice of Annual General Meeting (dated 12 March 2026) that was posted or e-mailed to shareholders and also made available on the Company's website www.pphe.com. The following table shows the results of the votes cast.
| Resolution | Total votes cast | For (*) | Against (*) | Withheld (**) | |||
|---|---|---|---|---|---|---|---|
| Number | % | Number | % | ||||
| Ordinary resolutions | |||||||
| 1. | To receive the Annual Report and Accounts | 24,811,897 | 24,811,747 | 100.00% | 150 | 0.00% | 5,387 |
| 2. | To approve a final dividend of 22 pence per ordinary share for the year ended 31 December 2025 | 24,817,064 | 24,816,914 | 100.00% | 150 | 0.00% | 220 |
| 3. | To approve the Company's Remuneration Report (advisory vote) | 24,816,314 | 23,081,364 | 93.01% | 1,734,950 | 6.99% | 970 |
| 4. | To reappoint Brightman Almagor Zohar & Co, a firm in the Deloitte Global Network, as auditors of the Company | 24,817,064 | 24,815,664 | 99.99% | 1,400 | 0.01% | 220 |
| 5. | To authorise the Directors to determine the auditors' remuneration | 24,817,064 | 24,816,090 | 100.00% | 974 | 0.00% | 220 |
| 6. | To re-elect Boris Ivesha (President & Chief Executive Officer) | 24,817,064 | 24,756,234 | 99.75% | 60,830 | 0.25% | 220 |
| 7. | To re-elect Greg Hegarty (Co-Chief Executive Officer) | 24,817,064 | 24,789,948 | 99.89% | 27,116 | 0.11% | 220 |
| 8. | To re-elect Daniel Kos (Chief Financial Officer & Executive Director) | 24,817,064 | 24,758,247 | 99.76% | 58,817 | 0.24% | 220 |
| 9. | To re-elect Marcia Bakker (Non-Executive Director) | 24,816,740 | 24,285,272 | 97.86% | 531,468 | 2.14% | 544 |
| 7,272,400 | 6,740,932 | 92.69% | 531,468 | 7.31% | 544 | ||
| 10. | To re-elect Kenneth Bradley (Non-Executive Chairman) | 24,817,064 | 23,423,651 | 94.39% | 1,393,413 | 5.61% | 220 |
| 7,272,724 | 5,879,311 | 80.84% | 1,393,413 | 19.16% | 220 | ||
| 11. | To re-elect Stephanie Coxon (Non-Executive Director) | 24,817,064 | 24,278,976 | 97.83% | 538,088 | 2.17% | 220 |
| 7,272,724 | 6,734,636 | 92.60% | 538,088 | 7.40% | 220 | ||
| 12. | To re-elect Nigel Keen (Non-Executive Director & Senior Independent Director) | 24,817,064 | 23,237,659 | 93.64% | 1,579,405 | 6.36% | 220 |
| 7,272,724 | 5,693,319 | 78.28% | 1,579,405 | 21.72% | 220 | ||
| 13. | To re-elect Roni Hirsh (Non-Executive Director) | 24,817,064 | 24,526,199 | 98.83% | 290,865 | 1.17% | 220 |
| Extraordinary resolutions | |||||||
| 14. | To approve an authority for Directors to allot shares | 24,817,064 | 24,692,134 | 99.50% | 124,930 | 0.50% | 220 |
| Special resolutions | |||||||
| 15. | To approve a general authority to disapply pre-emption rights | 24,817,064 | 24,655,934 | 99.35% | 161,130 | 0.65% | 220 |
| 16. | To approve a specific authority to disapply pre-emption rights | 24,817,064 | 24,623,897 | 99.22% | 193,167 | 0.78% | 220 |
*Includes discretionary votes
*** Votes cast by independent shareholders
In accordance with the Listing Rules a copy of each of the resolutions in respect of special business of the Company passed at the Annual General Meeting has been forwarded to the Financial Conduct Authority and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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