Director/PDMR Shareholding

RNS Number : 9331Z

PPHE Hotel Group Limited

16 December 2014

 



Annex DTR3                                                                                                                                       

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.	Name of the issuer PPHE HOTEL GROUP LIMITED	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).  THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R.
3.	Name of person discharging managerial responsibilities/director ELI PAPOUCHADO	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person THE NOTIFICATION RELATES TO A TRANSACTION BETWEEN ELI PAPOUCHADO AND EURO PLAZA HOLDINGS B.V. (EURO PLAZA), WHICH IS A CONNECTED PERSON OF ELI PAPOUCHADO.
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest THE NOTIFICATION IS IN RESPECT OF A HOLDING OF EURO PLAZA PROPOSED TO BE ACQUIRED BY ELI PAPOUCHADO	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares 2,200,000 ORDINARY SHARES OF NIL PAR VALUE (SALE SHARES)
7.	Name of registered shareholder(s) and, if more than one, the number of shares held by each of them EURO PLAZA HOLDINGS B.V.	8	State the nature of the transaction SALE AND PURCHASE OF 2,200,000 ORDINARY SHARES BETWEEN EURO PLAZA (AS SELLER) AND ELI PAPOUCHADO (AS PURCHASER) FOR THE PURPOSE OF REORGANISATION OF THE PAPOUCHADO FAMILY'S INTEREST IN PPHE HOTEL GROUP. COMPLETION OF THE SALE IS CONDITIONAL ON SATISFACTION OF CERTAIN CONDITIONS, INCLUDING CONSENT OF THE TAKEOVER PANEL. THE AGGREGATE NUMBER OF SHARES IN WHICH MR PAPOUCHADO IS DEEMED INTERESTED REMAINS UNCHANGED.
9.	Number of shares, debentures or financial instruments relating to shares acquired 2,200,000	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) APPROXIMATELY 5% OF ISSUED SHARE CAPITAL (EXCLUDING TREASURY SHARES) TO BE ACQUIRED BY ELI PAPOUCHADO
11.	Number of shares, debentures or financial instruments relating to shares disposed 2,200,000	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) APPROXIMATELY 5% OF ISSUED SHARE CAPITAL (EXCLUDING TREASURY SHARES) TO BE DISPOSED BY EURO PLAZA
13.	Price per share or value of transaction THE PRICE PER SHARE WILL BE GBP 4.375, CALCULATED BASED ON THE AVERAGE CLOSING PRICE OF THE SHARES ON THE LONDON STOCK EXCHANGE ON THE 15 TRADING DAYS IMMEDIATELY PRIOR TO THE DATE OF EXECUTION, BEING 16 DECEMBER 2014.	14.	Date and place of transaction 16 DECEMBER 2014, THE NETHERLANDS
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) FOLLOWING NOTIFICATION AND UNTIL COMPLETION OF THE SALE, THE TOTAL HOLDING OF EURO PLAZA WILL REMAIN EQUAL TO 18,530,297 ORDINARY SHARES OF NIL PAR VALUE (44.6 PER CENT. OF ISSUED SHARE CAPITAL EXCLUDING TREASURY SHARES). FOLLOWING COMPLETION OF THE SALE, ELI PAPOUCHADO WILL HOLD 2,200,000 ORDINARY SHARES OF NIL PAR VALUE (APPROXIMATELY 5 PER CENT. OF ISSUED SHARE CAPITAL EXCLUDING TREASURY SHARES) AND EURO PLAZA'S HOLDING WILL BE REDUCED TO 16,330,297 ORDINARY SHARES OF NIL PAR VALUE (39.3 PER CENT. OF ISSUED SHARE CAPITAL EXCLUDING TREASURY SHARES)	16.	Date issuer informed of transaction 16 DECEMBER 2014

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17	Date of grant	18.	Period during which or date on which exercisable
19.	Total amount paid (if any) for grant of the option	20.	Description of shares or debentures involved (class and number)
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.	Total number of shares or debentures over which options held following notification
23.	Any additional information	24.	Name of contact and telephone number for queries

Name of authorised official of issuer responsible for making notification   INBAR ZILBERMAN (General Counsel) Date of notification     16 December 2014

Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

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