Action Hotels PLC Director Dealing (9680N)
15 August 2017 - 4:00PM
UK Regulatory
TIDMAHCG
RNS Number : 9680N
Action Hotels PLC
15 August 2017
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Action Hotels plc
("Action Hotels" or the "Company")
Director's Dealing
Action Hotels, the leading owner, developer and asset manager of
branded three and four-star hotels in the Middle East and Australia
announces that is has been notified that Non Executive Chairman
Sheikh Mubarak A. M. Al-Sabah, purchased 66,700 Action Hotels
ordinary shares of 10 pence each ("Ordinary Shares") on 14 August
2017 at a price of 40.25p per Ordinary Share.
Following this transaction, Sheikh Mubarak A. M. Al Sabah has an
interest in 97,305,616 (1,719,968 directly and the balance held by
Action Group Holding Company (K.S.C.C)) ordinary shares of 10 pence
each ("Ordinary Shares"), representing approximately 65.91 per
cent. of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging
managerial responsibilities
/ person closely associated
--- ----------------------------------------------
a) Name Sheikh Mubarak A. M.
Al Sabah
--- ------------------ --------------------------
2 Reason for the notification
--- ----------------------------------------------
a) Position/status Non-Executive Chairman
--- ------------------ --------------------------
b) Initial Initial notification
notification
/Amendment
--- ------------------ --------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ----------------------------------------------
a) Name Action Hotels plc
--- ------------------ --------------------------
b) LEI 213800BGD9TEXUTCQ647
--- ------------------ --------------------------
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 Ordinary shares of
of the financial GBP0.10
instrument,
type of AHCG ISIN: JE00BFZD1492
instrument
Identification
code
--- ------------------ --------------------------
b) Nature of Purchase of Ordinary
the transaction Shares
--- ------------------ --------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
40.25p 66,700
--------- ----------
--- ------------------ --------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ------------------ --------------------------
e) Date of 14 August 2017
the transaction
--- ------------------ --------------------------
f) Place of London Stock Exchange,
the transaction AIM
--- ------------------ --------------------------
For more information contact:
Action Hotels PLC Tel: +44 (0) 20 7907 9663
Alain Debare, Chief Executive Officer
Katie Shelton, Director of Corporate Affairs
Zeus Capital Limited (Nomad and Broker)
Dan Bate / Andrew Jones Tel: +44 (0) 161 831 1512
Victoria Ayton Tel: +44 (0) 20 3829 5000
Camarco (Press enquiries) Tel: +44 (0) 20 3757 4994
Jennifer Renwick/ Tom Huddart
Notes to Editors
Action Hotels PLC
Action Hotels PLC is a leading owner, developer and asset
manager of branded three and four star hotels in the Middle East
and Australia. Established in 2005, Action Hotels currently has 12
completed hotels with 2,181 rooms in aggregate across the Middle
East and Australia, with further properties in development in both
regions.
More information is available at
http://www.actionhotels.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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