Elegant Hotels Group PLC Director/PDMR Shareholding (6766G)
August 09 2016 - 6:15AM
UK Regulatory
TIDMEHG
RNS Number : 6766G
Elegant Hotels Group PLC
09 August 2016
Elegant Hotels Group plc
("Elegant Hotels" or the "Company")
This announcement contains inside information
Director's dealing
The Board of Elegant Hotels, the owner and operator of six
upscale freehold hotels and a beachfront restaurant on the island
of Barbados, announces that Janet Adams, wife of David Adams,
Non-Executive Director, purchased 6,000 ordinary shares of 1 pence
each ("Ordinary Shares") on 8 August 2016 at a price of 63.5p per
Ordinary Share.
Following this transaction, David and Janet have the following
interest in the share capital of the Company:
Number of Ordinary % of issued share
Shares capital
------------- ------------------- ------------------
David Adams 10,000 0.01
------------- ------------------- ------------------
Janet Adams 6,000 0.01
------------- ------------------- ------------------
Total 16,000 0.02
------------- ------------------- ------------------
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 Janet Adams
--- ----------------------- -------------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Wife of Non-Executive Director
--- ----------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- ----------------------- -------------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Elegant Hotels Group 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 GBP0.01
of the financial
instrument, EHG ISIN: GB00BWXSNY91
type of instrument
Identification
code
--- ----------------------- -------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ----------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
63.5 pence 6,000
--- ----------------------- -------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
--- ----------------------- -------------------------------
e) Date of the 8 August 2016
transaction
--- ----------------------- -------------------------------
f) Place of the London Stock Exchange,
transaction AIM
--- ----------------------- -------------------------------
For further information:
Elegant Hotels Group
plc
Sunil Chatrani, Chief
Executive Officer +1 246 432 6500
Zeus Capital Limited
(NOMAD and Broker)
Dan Bate / Jonny Sharp
Adam Pollock / John
Goold +44 (0) 161 831 1512
Powerscourt
Rob Greening / Lisa
Kavanagh
Email: eleganthotels@powerscourt-group.com +44 (0) 207 250 1446
NOTES TO EDITORS:
Elegant Hotels owns and operates six luxury hotels and a
beachfront restaurant, Daphne's, on the island of Barbados. The
Group's portfolio comprises 553 rooms, which represents around 29%
of Barbados' quality leisure tourist room stock. Five of the six
Group hotels, including its recent acquisition Waves Hotel &
Spa, are situated along the prestigious west coast of Barbados
commonly known as the "Platinum Coast". The properties are all
freehold, with a total aggregate plot size of approximately 22
acres and an aggregate beachfront of 2,500 feet. In the year to 30
September 2015, the Group achieved revenues of $60.1 million and
EBITDA before non-recurring items of $22.2 million.
The Group's shares were admitted to trading on the London Stock
Exchange's AIM in May 2015. Its objective now is to leverage its
position as a leading hotel operator in Barbados and to expand both
on Barbados and further into the Caribbean.
Together, the Group's six hotels - Colony Club, Tamarind, The
House, Crystal Cove, Turtle Beach and Waves Hotel & Spa - offer
styles encompassing classic and contemporary, family-friendly and
adults-only:
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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