4 travnja 2017
ARENA HOSPITALITY GROUP D.D.'s ordinary shares (ARNT, ISIN: HRARNTRA00049) are listed on the Official Market of the Zagreb Stock Exchange.
The decision to move the shares from the Regular to the Official 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 Official 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: