Arena Hospitality Group

The decision to move the shares from the Regular to the Prime Market is in line with the strategic plan to develop Arena Hospitality Group into a substantial Central and Eastern European leisure and hospitality company with a unique business model that entail owning and managing its own assets and those of others, primarily under the Park Plaza brand.

Arena Hospitality Group's Management Board believes that a higher market segment on the Zagreb Stock Exchange is appropriate for Arena Hospitality Group’s strategy and position as a growing hotel operator. This is a significant factor for Arena Hospitality Group, especially in terms of the continuance of the implementation of higher corporate governance and investor relation standards that raise Arena Hospitality Group's profile among domestic and international investors and provide greater flexibility for growth. Furthermore, the transition to the Prime Market should enhance liquidity in Arena Hospitality Group's shares and provide it with exposure to a wider investor base.

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