PPHE Hotel (GB:PPH) has released an update.
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PPHE Hotel Group Limited has announced the buy-back of 11,135 of its ordinary shares at a volume weighted average price of 1,175.61p each, to be held in treasury. The repurchase is part of an ongoing share buy-back program, leaving the company with 2,492,865 treasury shares and 41,854,545 ordinary shares in issue. PPHE Hotel Group, with a £2.2 billion real estate portfolio, operates under well-known brands such as Park Plaza and art’otel, and has shares listed on the London Stock Exchange.
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