Director/PDMR Shareholding

RNS Number : 2245U

PPHE Hotel Group Limited

05 April 2016

 

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 MR BORIS IVESHA	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 MOLTENO LIMITED AND WALFORD INVESTMENT HOLDINGS LIMITED, WHICH ARE CONNECTED PERSONS OF BORIS IVESHA.
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 MOLTENO LIMITED ACQUIRED BY WALFORD HOLDINGS LIMITED (WHICH IS ALSO A CONNECTED PERSON OF MR BORIS IVESHA)	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares 7,990,027 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 MOLTENO LIMITED	8	State the nature of the transaction SALE AND PURCHASE OF 7,990,027 ORDINARY SHARES BETWEEN MOLTENO LIMITED (AS SELLER) AND WALFORD INVESTMENT HOLDINGS LIMITED (AS PURCHASER)..
9.	Number of shares, debentures or financial instruments relating to shares acquired 7,990,027	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) APPROXIMATELY 19.02% OF ISSUED SHARE CAPITAL (EXCLUDING TREASURY SHARES) TO BE ACQUIRED BY WALFORD INVESTMENT HOLDINGS LIMITED
11.	Number of shares, debentures or financial instruments relating to shares disposed 7,990,027	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) APPROXIMATELY 19.02% OF ISSUED SHARE CAPITAL (EXCLUDING TREASURY SHARES) TO BE DISPOSED BY MOLTENO LIMITED
13.	Price per share or value of transaction THE PRICE PER SHARE WILL BE 812.50 PENCE	14.	Date and place of transaction 4 APRIL 2016, BRITISH VIRGIN ISLANDS
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, WALFORD INVESTMENT HOLDINGS LIMITED HOLDS 7,990,027 ORDINARY SHARES OF NIL PAR VALUE (APPROXIMATELY 19.02% PER CENT. OF ISSUED SHARE CAPITAL EXCLUDING TREASURY SHARES) AND MOLTENO LIMITED'S HOLDING IS REDUCED TO ZERO ORDINARY SHARES OF NIL PAR VALUE (ZERO PER CENT. OF ISSUED SHARE CAPITAL EXCLUDING TREASURY SHARES)	16.	Date issuer informed of transaction 4 APRIL 2016

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     4 APRIL 2016

 

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