PPHE Hotel (GB:PPH) has released an update.
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PPHE Hotel Group Limited announced the buy-back of 11,359 of its ordinary shares at a volume weighted average price of 1,201.19p per share, which will be held in treasury. This move is part of the company’s ongoing share buy-back program aimed at reducing the number of shares in circulation and enhancing shareholder value. Following the transaction, PPHE now holds over 2.46 million shares in treasury with around 41.88 million shares remaining in issue.
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