Exercise of Share Options

RNS Number : 3722D

PPHE Hotel Group Limited

27 March 2014

 



27 March 2014

PPHE Hotel Group Limited

(the "Company")

EXERCISE OF SHARE OPTIONS

The Company announces that in order to satisfy an exercise of share options held by a previous employee of the Company, on 14 February 2014, the Company approved the issue and allotment of 15,500 ordinary shares of no par value each (the "Shares") at an exercise price of one pound sterling (£1.00). The options were granted under the Company's share option plan on 27 September 2007.  The Shares will rank pari passu with the Company's existing ordinary 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 on 1 April 2014.

Following this allotment, the total number of ordinary shares of the Company in issue as at the date of this announcement is 43,392,792 and there are 1,862,000 ordinary shares held in treasury. Each ordinary share carries the right to one vote and therefore, the total number of voting rights in the Company is 41,530,792.

The above figure 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.

Enquiries: PPHE Hotel Group Limited Boris Ivesha, President and Chief Executive Officer	Tel: [phone]
Chen Moravsky, Chief Financial Officer	Tel: [phone]
Oriel Securities Limited James Grace / Roger Clarke	Tel: [phone]
finnCap Limited Stuart Andrews / Grant Bergman	Tel: [phone]
Hudson Sandler
Wendy Baker / Katie Matthews	Tel: [phone]

Notes to Editors

PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe.

The majority of the Group's hotels operate under two distinct brands, Park Plaza® Hotels & Resorts and art'otel®.  The Group has an exclusive licence from Carlson, a global privately held hospitality and travel company, to develop and operate Park Plaza Hotels & Resorts in Europe, the Middle East and Africa.  The art'otel brand is fully owned by the Group.  The Group has a minority ownership interest in the Arenaturist group, one of Croatia's leading hospitality companies.

The portfolio of owned, leased, managed and franchised hotels comprises 38 hotels in operation offering a total of more than 8,300 rooms.  The development pipeline includes four new hotel projects, one hotel extension and reconfiguration and two rebranding projects. These developments are expected to add over 1,200 rooms to our portfolio by 2017.

Our Brands:                             Our Company:

www.parkplaza.com                   www.pphe.com

www.artotels.com

www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

 

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