PPHE Hotel Group Limited Sales of Shares (7687T)
November 18 2019 - 7:10AM
UK Regulatory
TIDMPPH
RNS Number : 7687T
PPHE Hotel Group Limited
18 November 2019
18 November 2019
PPHE Hotel Group Limited
(the "Company")
Sale of Shares
The Company announced that on 15 November 2019 the board of
directors of the Company approved the issue and allotment of 3,298
new ordinary shares of no par value each in the Company ("Shares")
subject to and conditional upon admission in order to satisfy an
exercise of share options held by Greg Hegarty (who is a person
discharging managerial responsibilities as defined in the EU Market
Abuse Regulation). Admission is expected to take place on or around
22 November 2019.
As part of this exercise, Mr. Hegarty authorised the Company to
sell the Shares in the market at the best price reasonably
available. Following such exercise, on 15 November 2019, 3,298
Shares were sold on behalf of Mr. Hegarty at a price of GBP18.60
per Share.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Greg Hegarty
----------------------------------- ----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
Chief Operating Officer
Position/status
a)
----------------------------------- ----------------------------------
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 Ordinary shares of no par value
instrument, type of instrument
Identification code GG00B1Z5FH87/PPH
----------------------------------- ----------------------------------
b) Nature of the transaction Sale of Shares
----------------------------------- ----------------------------------
c) Price(s) and volume(s) Sale Price(s) Volume(s)
GBP 18.60 3,298
----------
----------------------------------- ----------------------------------
d) Aggregated information See above
----------------------------------- ----------------------------------
e) Date of the transaction 15 November 2019
----------------------------------- ----------------------------------
f) Place of the transaction London
----------------------------------- ----------------------------------
Enquiries:
PPHE Hotel Group Limited
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President of Commercial Tel: +31 (0)20 717
and Corporate Affairs 8600
Lisa Woodman, Director of Corporate Communications Tel: +44 (0)20 7034
4800
Hudson Sandler Financial Public Relations
Wendy Baker/ Lucy Wollam Tel: +44 (0)20 7796
4133
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.7 billion portfolio (valued as at summer of
2019) of primarily prime freehold and long leasehold assets in
Europe.
PPHE Hotel 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.
PPHE Hotel 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,
PPHE Hotel 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 PPHE Hotel Group to develop and
operate properties across several segments of the hospitality
market.
PPHE Hotel 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. PPHE
Hotel Group's development pipeline includes two new hotels in
London and one in New York City which are expected to add an
additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. PPHE Hotel Group also holds a controlling ownership interest
in Arena Hospitality Group, whose shares are listed on the Prime
market of 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
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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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