Action Hotels PLC Closely Associated Person Dealing (6699E)

TIDMAHCG

RNS Number : 6699E

Action Hotels PLC

20 July 2016

Action Hotels plc

("Action Hotels" or the "Company")

Closely Associated Person 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 Sheikha Dr. Souad Al-Sabah, in capacity as a closely associated person to Non Executive Chairman Sheikh Mubarak A. M. Al-Sabah has completed a dealing in Action Hotels ordinary shares of 10 pence each ("Ordinary Shares").

Sheikha Dr. Souad Al-Sabah purchased 858,911 Ordinary Shares on 15 July at a price of 52.5p per Ordinary Share.

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                     Sheikha Dr. Souad Al-Sabah 
---  -----------------------  ---------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------- 
 a)   Position/status          Closely associated person 
                                to Non Executive Chairman 
                                Sheikh Mubarak A. M. Al 
                                Sabah 
---  -----------------------  ---------------------------- 
 b)   Initial notification     Initial notification 
       /Amendment 
---  -----------------------  ---------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------- 
 a)   Name                     Action Hotels plc 
---  -----------------------  ---------------------------- 
 b)   LEI                      (Pending) 
---  -----------------------  ---------------------------- 
 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 GBP0.10 
       of the financial 
       instrument,              AHCG ISIN: JE00BFZD1492 
       type of instrument 
       Identification 
       code 
---  -----------------------  ---------------------------- 
 b)   Nature of the            Purchase of Ordinary Shares 
       transaction 
---  -----------------------  ---------------------------- 
 c)   Price(s) and               Price(s)   Volume(s) 
       volume(s)                 ---------  ---------- 
                                  52.5p      858,911 
                                 ---------  ---------- 
---  -----------------------  ---------------------------- 
 d)   Aggregated information 
       - Aggregated             N/A - single transaction 
       volume 
       - Price 
---  -----------------------  ---------------------------- 
 e)   Date of the              15 July 2016 
       transaction 
---  -----------------------  ---------------------------- 
 f)   Place of the             London Stock Exchange, 
       transaction              AIM 
---  -----------------------  ----------------------------

For more information contact:

 
Action Hotels PLC                      Tel: +44 (0) 20 7907 9663 
Alain Debare, Chief Executive Officer 
Katie Shelton, Acting CFO 
 
 
Zeus Capital Limited (Nomad and Broker) 
Dan Bate/Jonny Sharp                     Tel: +44 (0) 161 831 1512 
Adam Pollock                             Tel: +44 (0) 20 3829 5000 
 
 
Camarco (Press enquiries)                   Tel: +44 (0) 20 3757 4980 
Billy Clegg/ Jennifer Renwick/ Tom Huddart

Notes to Editors

Action Hotels PLC

Action Hotels 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 operates nine hotels with 1,561 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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July 20, 2016 02:00 ET (06:00 GMT)

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