PPHE HOTEL GROUP LIMITED 27 September 2017
PPHE Hotel Group Limited (the 'Company')Exercise of Options and PDMR Notification
The Company announces that in order to satisfy an exercise of share options held by eight employees and Chen Moravsky who is a person discharging managerial responsibilities as defined in the EU Market Abuse Regulation, or a 'PDMR', by way of share appreciation rights, on 25 September 2017, the board of directors of the Company approved the issue and allotment of 109,306 ordinary shares of no par value each in the Company. On 26 September 2017, the board of directors of the Company approved the issue and allotment of a further 4,000 ordinary shares of no par value each in the Company subject to and conditional upon Admission (as defined below), as follows:
· 70,000 ordinary shares in favour of Mr Moravsky at an exercise price of 233.5 pence each. Following the issue, Mr Moravsky's interest in the Company is 305,000 ordinary shares representing 0.69 per cent. of the issued ordinary share capital.
· 43,306 ordinary shares in favour of eight employees at an exercise price of 100 pence each.
The options at an exercise price of 100 pence were granted under the Company's share option plan on 27 September 2007 and those at an exercise price of 233.5 pence were granted on 15 November 2012. Once issued, these shares will rank pari passu with the Company's existing shares. An application has been made for the shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities ('Admission'). Admission of 109,306 shares is expected to take place tomorrow and Admission of 4,000 shares is expected to take place on Friday 29 September 2017.
Effective from 28 September 2017, the total number of shares in issue will be 44,221,706 with 1,862,000 Shares held in treasury. Each share carries one vote and therefore the total number of voting rights in the Company will be 42,359,706.
Effective from 29 September 2017, the total number of shares in issue will be 44,225,706 with 1,862,000 Shares held in treasury. Each share carries one vote and therefore the total number of voting rights in the Company will be 42,363,706
The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Rules and Transparency Rules.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional detail:
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Chen Moravsky | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chen Moravsky -Deputy Chief Executive Officer and Chief Financial Officer | ||||
b) | Initial notification/Amendment | This is an initial notification. | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PPHE Hotel Group Limited | ||||
b) | LEI | 2138003H1BZGR6KM5823 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of no par value GG00B1Z5FH87/PPH | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Total number of shares issued:70,000 £163,450 | ||||
e) | Date of the transaction | 25 September 2017 | ||||
f) | Place of the transaction | London | ||||
Enquiries:
PPHE Hotel Group Limited | |
Chen Moravsky, Deputy Chief Executive Officer | Tel: +44 (0)20 7034 4800 |
Hudson Sandler Financial Public Relations | |
Wendy Baker / Jocelyn Spottiswoode | Tel: +44 (0)20 7796 4133 |
Notes to editors
PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.
The majority of the group's hotels operate under the Park Plaza® Hotels & Resorts or art'otel® brands. The group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel® brand is wholly owned by the group.
The group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.
The group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms. The group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2019.
Company websites:
www.pphe.com
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
PPHE Hotel Group Limited published this content on 27 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 September 2017 12:09:03 UTC.
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