PPHE Hotel Group Limited PDMR Notification (7468T)
17 October 2017 - 4:28AM
UK Regulatory
TIDMPPH
RNS Number : 7468T
PPHE Hotel Group Limited
16 October 2017
16 October 2017
PPHE Hotel Group Limited (the "Company")
PDMR Notification
The Company announces that on 25 September 2017 and 26 September
2017 the Company allotted a total of 113,306 ordinary shares (the
Option Shares) to certain employees of the Group (the Exercising
Employees) pursuant to an exercise of options by the Exercising
Employees under the Company's share option plan. As part of the
exercise of such options, the Company was authorised by the
Exercising Employees to procure the sale of the Option Shares on
the market at the best price reasonably available. Various market
sales of the Option Shares were made during the period 28 September
2017 to 16 October 2017. As part of this sale process, 34,010
Option Shares belonging to Chen Moravsky (the Company's Deputy
Chief Executive Officer and Chief Financial Officer) have been sold
on the market. Details of such transactions are set out below.
Apart from Mr Moravsky, none of the of Exercising Employees are
persons discharging managerial responsibilities and therefore no
announcements are required in respect of such disposals.
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
---- ----------------------------------------------------------------------------------------------------------------
Chen Moravsky -Deputy Chief Executive Officer and
a) Position/status 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 Ordinary shares of no par value
instrument
GG00B1Z5FH87/PPH
Identification code
---- ------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Sale of ordinary shares
---- ------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------- ----------
GBP10.584 per share 34,010
--------------------- ----------
---- ------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
Total number of shares sold: 34,010
GBP359,961.84
---- ------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 10 - 13 October 2017
---- ------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
---- ------------------------------------------------------- -------------------------------------------------------
Enquiries:
PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief
Executive Officer Tel: +44 (0)20 7034
and Chief Financial Officer 4800
Hudson Sandler Financial Public
Relations
Tel: +44 (0)20 7796
Wendy Baker / Sophie Lister 4133
Notes to editors
The Company 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(R) Hotels & Resorts or art'otel(R) 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(R)
Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel(R) 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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