TIDMPPH
RNS Number : 2469U
PPHE Hotel Group Limited
27 March 2019
PPHE Hotel Group Limited
(the "Company")
Exercise of Share Options and Sale of Shares
The Company announces that on 27 March 2019 the board of
directors of the Company approved the issue and allotment of 60,552
new ordinary shares of no par value each in the Company ("Shares")
subject to and conditional upon Admission (as defined below) in
order to satisfy an exercise of share options held by Daniel Kos
and Greg Hegarty ("Share Options") (each of whom is a person
discharging managerial responsibilities as defined in the EU Market
Abuse Regulation or a "PDMR"). As part of this exercise, the
individuals in question authorised the Company to sell the Shares
in the market at the best price reasonably available.
Daniel Kos has exercised Share Options in respect of 50,000
Shares and has agreed to the net settlement of such Share Options,
resulting in Mr. Kos receiving 28,834 Shares and surrendering Share
Options in respect of 21,166 Shares. Following such exercise and
surrender of Share Options on 27 March 2019, 28,834 Shares were
sold on behalf of Mr. Kos at a price of GBP16.30 per Share.
Greg Hegarty has exercised Share Options in respect of 55,000
Shares and has agreed to the net settlement of such Share Options,
resulting in Mr. Hegarty receiving 31,718 Shares and surrendering
Share Options in respect of 23,282 Shares. Following such exercise
and surrender of Share Options, on 27 March 2019 31,718 Shares were
sold on behalf of Mr. Hegarty at a price of GBP16.30 per Share.
Following such exercise and surrender, Share Options are
outstanding over a total of 417,500 Shares representing
approximately 0.98% of the Company's issued share capital
(excluding shares held in treasury).
The Share Options were granted under the Company's Executive
Share Option Plan on 14 November 2016. On Admission, all of the new
Shares will rank pari passu with the Company's existing Shares.
Applications have been made for the new Shares to be admitted to
the Official List of the UK Listing Authority and to trading on
London Stock Exchange plc's main market for listed securities
("Admission"). Admission is expected to take place on or around 2
April 2019.
Total Voting Rights
On Admission, the total number of Shares in issue will be
42,398,188 (excluding shares held in treasury) with 1,888,070
shares held in treasury. Each share which is not held in treasury
carries one vote and therefore the total number of voting rights in
the Company on Admission will be 42,398,188.
The above figures may be used by the Company's shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company.
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 Daniel Kos
------------------------------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer & Executive Director
------------------------------------------------------------ ----------------------------------------------
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 instrument Ordinary shares of no par value
Identification code
GG00B1Z5FH87/PPH
------------------------------------------------------------ ----------------------------------------------
b) Nature of the transaction Exercise of Share Options and sale of Shares
------------------------------------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP 6.90 28,834
Sale Price(s) Volume(s)
GBP 16.30 28,834
------------------------------------------------------------ ----------------------------------------------
d) Aggregated information
See above
------------------------------------------------------------ ----------------------------------------------
e) Date of the transaction 27 March 2019
------------------------------------------------------------ ----------------------------------------------
f) Place of the transaction London
------------------------------------------------------------ ----------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Greg Hegarty
------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Executive Vice President UK & Chief Commercial 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 Exercise of Share Options and sale of Shares
------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP 6.90 31,718
Sale Price(s) Volume(s)
GBP 16.30 31,718
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
See above
------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 27 March 2019
------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
------------------------------------------------------- -------------------------------------------------------
Enquiries:
PPHE Hotel Group Limited
Robert Henke, Executive Vice President of Corporate Tel: +31 20 717
Affairs 8600
and Customer Experience
Lisa Woodman, Director of Corporate Communications Tel: +44 (0)20 7034
4800
Hudson Sandler
Wendy Baker/Sophie Lister Tel: +44 (0)20 7796
4133
pphe@hudsonsandler.com
Notes to editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.6 billion portfolio of primarily prime
freehold and long leasehold assets in Europe.
The Group's guiding principle is to generate attractive returns
from operations and long-term capital appreciation.
Through its subsidiaries, jointly controlled entities and
associates it owns, co-owns, develops, leases, operates and
franchises hospitality real estate. Its primary focus is
full-service upscale, upper upscale and lifestyle hotels in major
gateway cities and regional centres, as well as hotel, resort and
campsite properties in select resort destinations.
The Group benefits from having an exclusive and perpetual
licence from the Radisson Hotel Group, one of the world's largest
hotel groups, to develop and operate Park Plaza(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition, the
Group wholly owns, and operates under, the art'otel(R) brand and
its Croatian subsidiary owns, and operates under, the Arena Hotels
& Apartments(R) and Arena Campsites(R) brands. This multi-brand
approach enables the Group to develop and operate properties across
several segments of the hospitality market.
The Group is one of the largest owner/operators of hotels in
central London and its property portfolio comprises of 38 hotels
and resorts in operation, offering a total of approximately 8,800
rooms and 8 campsites, offering approximately 6,000 units. The
Group's development pipeline includes two new hotels in London
which are expected to add an additional 500 rooms by the end of
2022/2023.
PPHE Hotel Group is a Guernsey registered company and its shares
are listed on the Premium Listing segment of the Main Market of the
London Stock Exchange. PPHE Hotel Group also holds a controlling
ownership interest (51.97% of the share capital) in Arena
Hospitality Group, whose shares are listed on the Zagreb Stock
Exchange.
Company websites
www.pphe.com
www.arenahospitalitygroup.com
For reservations
www.parkplaza.com
www.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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