Grant of Share Options

RNS Number : 2717P

PPHE Hotel Group Limited

15 November 2016

 

15 November 2016

PPHE Hotel Group Limited

(the "Company")

Grant of Share Options

The Company announces that Greg Hegarty and Daniel Kos, each a PDMR of the Company, were yesterday each granted options over 100,000 ordinary shares of no par value each in the Company at an exercise price of 690 pence per share (being the closing mid-market price on Friday 11 November 2016) (the "Options").

The Options have been granted under the terms of the Company's Executive Share Option Plan which was entered into effect on 11 July 2007.  The Options will become exercisable in three equal tranches on each of the first, second and third anniversaries of the date of grant and shall expire after 10 years from the date of grant.

Following the above grant, the Company confirms that, as at the date of this announcement, each of Greg Hegarty and Daniel Kos holds 100,000 options over ordinary shares of no par value each in the Company. 

Therefore, following the grant of the Options, the total number of ordinary shares outstanding under option arrangements is 499,806 representing approximately 1.13 per cent. of the Company's issued share capital.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Hegarty
2	Reason for the notification
a)	Position/status	Regional General Manager
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	n/a
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 instrument, type of instrument Identification code	Grant of share options GG00B1Z5FH87/PPH
b)	Nature of the transaction	Grant of Share Options
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 6.90 100000
d)	Aggregated information	Price(s) Volume(s) GBP6.90 100000
e)	Date of the transaction	14 November 2016
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Daniel Kos
2	Reason for the notification
a)	Position/status	Vice President Corporate Finance
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	n/a
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 instrument, type of instrument Identification code	Grant of share options GG00B1Z5FH87/PPH
b)	Nature of the transaction	Grant of Share Options
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 6.90 100000
d)	Aggregated information	Price(s) Volume(s) GBP6.90 100000
e)	Date of the transaction	14 November 2016
f)	Place of the transaction	London

Enquiries:

PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief Executive Officer & Chief Financial Officer	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker/Sophie Lister	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, operates, franchises and develops full service upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, 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 also owns a controlling 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 nearly 8,400 rooms. The development pipeline includes four new hotel projects and one hotel extension and reconfiguration. These developments are expected to add over 800 rooms to our portfolio by the end of 2016 and an additional 500 rooms by the end of 2019.

Our Company:
www.pphe.com

Our Hotel Brands:
www.parkplaza.com
www.artotels.com
www.arenaturist.com

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

Forward-looking statements

This announcement may contain certain "forward-looking statements' which reflect the Company's and/or the Directors' current views with respect to financial performance, business strategy and future plans, both with respect to the Group and the sectors and industries in which the Group operates. Statements which include the words "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue" and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Group's actual results to differ materially from those indicated in these statements. Any forward-looking statements in this announcement reflect the Group's current views with respect to future events and are subject to risks, uncertainties and assumptions relating to the Group's operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of this announcement. Subject to any legal or regulatory obligations, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to the Group or individuals acting on behalf of the Group are expressly qualified in their entirety by this paragraph. Nothing in this announcement should be considered as a profit forecast.

 

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