TIDMPPH
RNS Number : 9577I
PPHE Hotel Group Limited
23 June 2017
23 June 2017
PPHE Hotel Group Limited (the "Company")
Exercise of Options and PDMR Notifications
The Company announces that in order to satisfy an exercise of
share options held by three employees, Daniel Coupe, Edwin
Wijgergangs (each a person discharging managerial responsibilities
as defined in the EU Market Abuse Regulation, or a "PDMR") and
Rachel Thomas by way of share appreciation rights, on 20 June 2017,
the board of directors of the Company approved the issue and
allotment of 46,538 ordinary shares of no par value each in the
Company ("Shares") in settlement of the gain, subject to and
conditional upon Admission (as defined below), as follows:
-- 32,068 Shares in favour of Mr Coupe at an exercise price of
233.5 pence each. Following the issue, Mr Coupe's interest in the
Company is 32,068 Shares representing 0.07 per cent. of the issued
ordinary share capital.
-- 5,262 Shares in favour of Mr Wijgergangs at an exercise price
of 100 pence each. Following the issue, Mr Wijgergangs' interest in
the Company is 5,262 Shares representing 0.01 per cent. of the
issued ordinary share capital. In addition, he holds options over
45,000 Shares under the Company's share option plans.
-- 9,208 Shares in favour of Mrs Thomas at an exercise price of
100 pence each. Following the issue, Mrs Thomas' interest in the
Company is 18,272 Shares representing 0.04 per cent. of the issued
ordinary share capital. In addition, she holds options over 30,000
Shares under the Company's share option plans.
The options at an exercise price of 100 pence were granted under
the Company's share option plan on 27 September 2007 and those at
an exercise price of 233.5 pence were granted on 15 November 2012.
Once issued, these Shares will rank pari passu with the Company's
existing Shares. An application has been made for the Shares to be
admitted to the Official List of the UKLA and to trading on the
London Stock Exchange's main market for listed securities
("Admission"). Admission is expected to take place today.
Furthermore, the Company announces that Andrew Swindells, the
Chief Operating Officer of the Company and a PDMR of the Company,
purchased 34,800 Shares from his wife, Kim Swindells, on 20 June
2017 at a price of 810 pence per Share. Following such purchase,
the Company confirms that, as at the date of this announcement,
Andrew Swindells holds 143,300 Shares and Kim Swindells holds
124,800 Shares.
Effective from 23 June 2017, the total number of Shares in issue
will be 44,112,400 with 1,862,000 Shares held in treasury. Each
Share carries one vote and therefore the total number of voting
rights in the Company will be 42,250,400.
The above figures may be used by 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 Company under the Disclosure Rules and Transparency
Rules.
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 Coupe
---- ------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
Daniel Coupe is the Corporate Director of Revenue -
a) Position/status Europe, Middle East & Africa of PPHE Hotel
Group Limited
---- ------------------------------------------------------- -------------------------------------------------------
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
---- ------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ----------
GBP8.125 per share 32,068
-------------------- ----------
---- ------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume
- Price Total number of shares issued: 32,068
GBP260,552.50
---- ------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20 June 2017
---- ------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
---- ------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Edwin Wijgergangs
---- ------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
Edwin Wijgergangs is the Vice President Distribution
a) Position/status and Strategic Sales of PPHE Hotel Group
Limited
---- ------------------------------------------------------- -------------------------------------------------------
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
---- ------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ----------
GBP8.125 per share 5,262
-------------------- ----------
---- ------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume
- Price
Total number of shares issued: 5,262
GBP42,753.75
---- ------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20 June 2017
---- ------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
---- ------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Andrew Swindells and Kim
Swindells
---- ------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
Andrew Swindells is the Chief Operating Officer of
a) Position/status PPHE Hotel Group Limited.
Kim Swindells is the spouse of Andrew Swindells.
---- ------------------------------------------------------- -------------------------------------------------------
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 Purchase of ordinary shares by Andrew Swindells from
his spouse, Kim Swindells
---- ------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------- ----------
GBP8.10 per share 34,800
------------------- ----------
---- ------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume Total number of shares purchased by Andrew Swindells
- Price from his spouse, Kim Swindells: 34,800
Total price: GBP281,880
---- ------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20 June 2017
---- ------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London
---- ------------------------------------------------------- -------------------------------------------------------
Enquiries:
PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief
Executive Officer Tel: +44 (0)20 7034
and Chief Financial Officer 4800
Hudson Sandler Financial Public
Relations
Tel: +44 (0)20 7796
Wendy Baker / Jocelyn Spottiswoode 4133
Notes to editors
The Company is a Guernsey registered company and through its
subsidiaries, jointly controlled entities and associates, owns,
leases, operates, franchises and develops full-service upscale,
upper upscale and lifestyle hotels in major gateway cities,
regional centres and select resort destinations, predominantly in
Europe.
The majority of the group's hotels operate under the Park
Plaza(R) Hotels & Resorts or art'otel(R) brands. The Group has
an exclusive licence from Carlson Hotels Worldwide Inc., one of the
world's largest hotel groups, to develop and operate Park Plaza(R)
Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel(R) brand is wholly owned by the group.
The group has a controlling ownership interest (51.97% of the
share capital) in Arena Hospitality Group, one of Croatia's
best-known hospitality groups.
The group's portfolio of owned, leased, managed and franchised
hotels comprises 39 hotels offering a total of approximately 9,000
rooms. The group's development pipeline includes two new hotels
which are expected to add an additional 500 rooms by the end of
2019.
Company websites:
www.pphe.com
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
This information is provided by RNS
The company news service from the London Stock Exchange
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