Park Plaza are an international hospitality real estate group, with a prime property portfolio consisting of 46 properties in five countries.
PPHE shares are listed on the Premium Listing segment of the Main Market of the London Stock Exchange.
Orion led the block trade in in the Israeli capital market in order to allow greater liquidity for investors by expanding the shareholder base.
Distribution of 7.18 Million shares out of a total of 9.3 million shares for £16 share price, the placing represented 17% of the issued share capital of the Company.
Total raised amount in the Israeli capital market £115.5 Million.
Following the successful block trade, In June 2019 PPHE entered the FTSE 250 index.