PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Updates on shareholder engagement after motion to re-elect Non-Executive Director Ken Bradley, which received sizeable opposition at the annual general meeting in May. Says finds concern was due to "factors relating to board composition", including tenure and independence of the chair and deputy chair, and also "road map to meeting diversity targets".

"It was felt by independent shareholders that the most appropriate way to address this point was to direct it towards Bradley, in his role as chair of the Nomination Committee," PPHE added. "The board will continue to be open and transparent about its journey to meeting targets on board composition, diversity and independence and recognises the importance of taking diversity targets, amongst other factors, into consideration when appointing new directors."

Company says seeking to grow board with appointment of new independent non-executive director. Engages independent recruitment agency to assist in process and is mindful of "diversity targets in presenting candidates for interview".

Current stock price: 1,230.00 pence

12-month change: down 9.7%

By Eric Cunha; ericcunha@alliancenews.com

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