Share Information
London Stock Exchange trading code: PPH.L
Issued Share Capital
Issued share capital = 42,677,292
Held in treasury = 862,000
Number of issued shares (excluding treasury) = 41,815,292
Percentage of shares not in public hands
72.47%
Shareholders with holdings of 3% or more of the company's issued share capital (excluding treasury) (as at 30 June, 2011)
| Name | Percentage of issued share capital |
| 1 Red Sea Group *1 |
44.67% |
| 2 Molteno Limited *2 |
19.81% |
| 3 Aroundtown Property Holdings | 9.00% |
(1) Eli Papouchado, Park Plaza Hotels' Chairman, is deemed to be interested in shares held by Euro Plaza Holdings BV ("Euro Plaza"), Red Sea Club Ltd and PPHL Holdings BV, members of the Red Sea group.
(2) Boris Ivesha, Park Plaza Hotels' CEO, is deemed to be interested in shares held by Molteno Limited ("Molteno") and PPHL Holdings BV.
As disclosed in the Prospectus, the trustee of the Princeton Trust, the ultimate controlling shareholder of Molteno, has agreed with Euro Plaza that for so long as their combined interests in the Company are not less than 38% and the Red Sea group's interest in the Company is at least 26.5% of the issued share capital, the Princeton Trust will vote its shares at general meetings of shareholders in a consistent manner with the votes cast by the Red Sea group. As a result of this voting agreement, Euro Plaza and Molteno are deemed to be acting in concert for the purposes of Rule 9 of the Takeover Code.
The Red Sea group and Molteno between them hold more than 50 per cent of the Company's voting rights and (for so long as they continue to be treated as acting in concert) may accordingly increase their aggregate interests in shares without incurring any obligation under Rule 9 to make a general offer, although individual members of the concert party will not be able to increase their percentage interest in shares through or between a Rule 9 threshold without Takeover Panel consent.
