EZH Easyhotel Plc

TIDMEZH

RNS Number : 1015L

easyHotel PLC

03 September 2019

easyHotel plc

(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Further to the announcement on 15 August 2019 by Citrus UK Bidco Limited ("Bidco") of a recommended mandatory cash offer for the Company (the "Offer") and the subsequent announcement on 23 August 2019 by Bidco that the Offer was wholly unconditional, pursuant to the terms of the proposals by Bidco to participants of the easyHotel Share Plans, Guy Parsons, Chief Executive Officer, exercised options in respect of 398,347 ordinary shares of 1 pence each ("Ordinary Shares") under the 2015 Performance Share Plan and in respect of 14,140 Ordinary Shares under the 2017 Sharesave Plan. Such Ordinary Shares will be accepted into the Offer.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     GUY PAUL CUTHBERT PARSONS 
      ---------------------------------------  ------------------------------------------------- 
 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                                     EASYHOTEL PLC 
      ---------------------------------------  ------------------------------------------------- 
 b)    LEI                                      213800B35EIIHXVVSA50 
      ---------------------------------------  ------------------------------------------------- 
 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                       EASYHOTEL PLC ORDINARY SHARES OF 
        financial instrument,                    1P EACH 
        type of instrument 
 
       Identification code                      ISIN: GB00BN56KF84 
 
 b)    Nature of the transaction                EXERCISE OF OPTIONS OVER ORDINARY 
                                                 SHARES UNDER THE EASYHOTEL PLC 2015 
                                                 PERFORMANCE SHARE PLAN AND 2017 SHARESAVE 
                                                 PLAN AND ACCEPTANCE OF 95P CASH OFFER 
                                                 FOR SHARES 
      ---------------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------------  ---------------------- 
                                                 Price(s)                Volume(s) 
                                                ----------------------  ---------------------- 
    GBP0.71                                                              359,281 
   -------------------------------------------------------------------  ---------------------- 
    GBP0.00                                                              39,066 
   -------------------------------------------------------------------  ---------------------- 
    GBP0.884                                                             14,140 
   -------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      N/A 
 
  - Price                                  N/A 
 
 e)    Date of the transaction                  2 SEPTEMBER 2019 
      ---------------------------------------  ------------------------------------------------- 
 f)    Place of the transaction                 LONDON 
      ---------------------------------------  ------------------------------------------------- 
 

Enquiries:

 
 easyHotel plc 
 Guy Parsons, Chief Executive    www.easyhotel.com 
  Officer 
 Gary Burton, Chief Financial    http://ir.easyhotel.com 
  Officer 
 
 Investec (Nominated Adviser 
  and Broker)                    +44 (0) 20 7597 5970 
 David Anderson 
 Houston PR (Financial PR)       +44 (0) 20 3701 7660 
 Kate Hoare 
  Polly Fairbank 
 

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END

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