PPHE Hotel (GB:PPH) has released an update.
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PPHE Hotel Group Limited has announced the buy-back of 16,344 of its ordinary shares at a price of 1,150.00p per share, which will be held in treasury. The acquisition is part of the company’s ongoing share repurchase program and follows the company’s strategy to enhance shareholder value. After this transaction, PPHE Hotel Group holds over 2.5 million shares in treasury and maintains just under 42 million shares in issue.
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