PPHE Hotel Group Limited Holding(s) in Company (2935Z)
September 17 2020 - 3:16AM
UK Regulatory
TIDMPPH
RNS Number : 2935Z
PPHE Hotel Group Limited
17 September 2020
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the PPHE HOTEL GROUP LIMITED
underlying issuer of existing shares
to which voting rights are attached
(ii) :
--------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer X
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify)(iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Harel Insurance Investments
& Financial Services Ltd.
City and country of registered office Israel
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
--------------------------------------------
City and country of registered office
(if applicable)
--------------------------------------------
5. Date on which the threshold was September 13, 2020
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 17/09/2020
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer (vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 5.05% 5.05% 2,143,040
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable)
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
--------------------------
Ordinary Shares
GG00B1Z5FH87 2,143,040 5.05%
---------------------- -------------------------- ------------------------- ---------------------
SUBTOTAL 8. A 2,143,040 5.05%
-------------------------------------------------- ------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument (x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------------ -------------------------------- ---------------------
SUBTOTAL 8. B 1
------------------------------ -------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date (x) Conversion cash voting rights rights
instrument Period (xi) settlement
(xii)
---------------- -------------------- -------------------- --------------------
SUBTOTAL 8.B.2
-------------------- --------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (xiv) (please add additional
rows as necessary)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
----------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
-----------------------------------------------
The number and % of voting rights
held
-----------------------------------------------
The date until which the voting rights
will be held
-----------------------------------------------
11. Additional information (xvi)
Harel Insurance Investments & Financial Services Ltd. ("Harel Holdings")
controls directly or indirectly the voting rights attached to a total
of 2,143,040 Ordinary Shares of PPHE HOTEL GROUP LIMITED ("Issuer") through
several of Harel Holdings's controlled undertakings, as stated below:
Of total of 2,143,040 ordinary shares (a) none of the Ordinary Shares
are beneficially held for Harel Holdings' own account; and (b) all of
the 2,143,000 Ordinary Shares are held for members of the public through,
among others, provident funds and/or mutual funds and/or pension funds
and/or insurance policies and/or exchange traded funds, which are managed
by subsidiaries of Harel Holdings, each of which subsidiaries operates
under independent management and makes independent voting and investment
decisions, with investment discretion over such securities exercised
by either Harel Insurance Company Ltd., Harel Mutual Funds Ltd., Harel
Sal Ltd. or Harel Finance Asset Management Ltd. (collectively, the "Harel
Entities"). Each Harel Entity is a direct or indirect, wholly-owned subsidiary
of Harel Holdings. As such, this notice shall not be construed as an
admission by Harel Holdings, and Harel Holdings disclaims, that Harel
Holdings is required to aggregate holdings providedunder DTR 5.4.1R of
the FCA Handbook.
Place of completion Harel House; 3 Aba Hillel Street; Ramat Gan 52118, Israel
Date of completion September 17, 2020
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END
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