TIDMEHG

RNS Number : 0833W

Elegant Hotels Group PLC

06 December 2019

6 December 2019

Elegant Hotels Group plc

("Elegant", the "Company" or the "Group")

Director/PDMR Dealing and Total Voting Rights

Elegant Hotels, the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, today announces the exercise of share options by certain directors and employees of the Company over 2,847,282 ordinary shares of 1p each ("Ordinary Shares"). The options were issued under the Elegant Long-Term Incentive Plan and the Elegant Non-Employee Long-Term Incentive Plan and have been exercised at an exercise price of 1p each.

The details of the exercise of options by the Directors are set out below:

 
                          Initial Holding                             Resultant Holding 
 Holder                  Number       Percentage      Options         Number       Percentage 
                    of Ordinary        of issued    exercised    of Ordinary        of issued 
                         Shares    share capital                      Shares    share capital 
----------------  -------------  ---------------  -----------  -------------  --------------- 
 Simon Sherwood       1,929,252            2.17%      106,572      2,035,824            2.22% 
 Sunil Chatrani       1,849,389            2.08%      798,993      2,648,382            2.89% 
 Jeff Singleton               -                -      363,491        363,491            0.40% 
 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 9 December 2019. The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following Admission, the Company's issued and fully paid up share capital will comprise 91,663,071 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any shares in Treasury. The total number of voting rights in the Company is therefore 91,663,071.

The above figure of 91,663,071 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the DTRs.

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                             Simon Sherwood 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Chairman 
     -------------------------------  ---------------------------------- 
 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                              213800D12MXLLNJ9VR70 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 1p each 
       type of instrument 
                                         ISIN: GB00BWXSNY91 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Exercise of options 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                           1 penny     106,572 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
                                         n/a (single transaction) 
 
       - Aggregated volume 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          6 December 2019 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Sunil Chatrani 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ---------------------------------- 
 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                              213800D12MXLLNJ9VR70 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 1p each 
       type of instrument 
                                         ISIN: GB00BWXSNY91 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Exercise of options 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                           1 penny     798,993 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
                                         n/a (single transaction) 
 
       - Aggregated volume 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          6 December 2019 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Jeff Singleton 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ---------------------------------- 
 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                              213800D12MXLLNJ9VR70 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 1p each 
       type of instrument 
                                         ISIN: GB00BWXSNY91 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Exercise of options 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                           1 penny     363,491 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
                                         n/a (single transaction) 
 
       - Aggregated volume 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          6 December 2019 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ---------------------------------- 
 

Enquiries:

 
 Elegant Hotels Group plc 
  Simon Sherwood, Non-Executive Chairman 
  Sunil Chatrani, Chief Executive Officer 
  Jeff Singleton, Chief Financial Officer      +1 (246) 432 6500 
 Liberum Capital Limited 
  (Financial adviser, nominated adviser and 
  broker to Elegant) 
  Clayton Bush 
  Chris Clarke 
  James Greenwood 
  Edward Phillips                                +44 (0) 203 100 
  William Hall                                              2222 
                                              ------------------ 
 Powerscourt 
  (Financial PR to Elegant) 
  Rob Greening                                   +44 (0) 207 250 
  Lisa Kavanagh                                             1446 
                                              ------------------ 
 

NOTES TO EDITORS:

Elegant Hotels owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven properties 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 23 acres and an aggregate beachfront of 2,600 feet.

Together, the Group's seven existing hotels - Colony Club, Treasure Beach, 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

Consumer website: http://www.eleganthotels.com

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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December 06, 2019 07:39 ET (12:39 GMT)

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