4 travnja 2017

Share price

ARENA HOSPITALITY GROUP D.D.'s ordinary shares (ARNT, ISIN: HRARNTRA00049) are listed on the Prime Market of the Zagreb Stock Exchange.

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 would entail owning and managing its own assets and those of others, primarily under the Park Plaza brand.

Arena Hospitality Group's Executive Board believes that a higher market segment on the Zagreb Stock Exchange would be appropriate for Arena Hospitality Group’s new strategy and position as a growing hotel operator. This is a significant step for Arena Hospitality Group, especially in terms of the continuance of the implementation of higher corporate governance and investor relation standards that should 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.

Analysts covering Arena Hospitality Group:

Tea Pevec
T: +385 1 482 5867
E: [email protected]                                           

Ivana Blašković
T: +385 1 6104 939
E: [email protected]                     

Magdalena Dolenec
T: +385 72 37 1407
E: [email protected]

WOOD & Company Financial Services, a.s
Bram Buring
T: +420 222 096 250
E: [email protected]

SMEPublic available research