Action Hotels PLC Director's Dealing (2382K)
09 April 2018 - 5:50PM
UK Regulatory
TIDMAHCG
RNS Number : 2382K
Action Hotels PLC
09 April 2018
Action Hotels plc
("Action Hotels" or the "Company")
Director's Dealing
Further to the announcement made on 28 March 2018, the Company
was notified on 5 April 2018 that the purchase of 9,715,463 Action
Hotels ordinary shares of 10 pence each ("Ordinary Shares") by
Action Real Estate Co. K.S.C.C from Blakeney LLP was executed on 5
April 2018 at a price of 23p per Ordinary Share.
Following this transaction, Sheikh Mubarak A. M. Al Sabah has an
interest in 107,026,079 (of which 1,724,968 are held directly and
the balance are held by Action Group Holding Company K.S.C.C and
its subsidiaries) Ordinary Shares, representing approximately 72.49
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 Action Real Estate Co. K.S.C.C.
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Sheikh Mubarak A. M. Al Sabah (a director of the
Action Hotels plc) is a director and a major
shareholder of Action Real Estate Co. K.S.C.C.
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
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 of the financial instrument, type of Ordinary shares of GBP0.10
instrument
AHCG ISIN: JE00BFZD1492
Identification code
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price: Volume:
------- ----------
23p 9,715,463
------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
* Aggregated volume
* Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 5 April 2018
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- -------------------------------------------------------- -------------------------------------------------------
For more information:
Action Hotels PLC Tel: +44 (0) 20 7907
Andrew Lindley, Chief Financial 9663
Officer
Katie Shelton, Director
of Corporate Affairs
WH Ireland Limited Tel: +44 (0) 20 7220
Adrian Hadden 1666
Jessica Cave
Alex Bond
This information is provided by RNS
The company news service from the London Stock Exchange
END
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