Grant of Share Options

RNS Number : 0907T

PPHE Hotel Group Limited

29 June 2018

 

PPHE Hotel Group Limited

(the "Company")

Grant of Share Options

PPHE Hotel Group Limited, an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza^® brand in EMEA and owns the art'otel^® brand, today announces that the following members of the senior management of the Company were granted options over the number of ordinary shares of no par value in the Company as set out in the table below at an exercise price of 1430 pence per share (being the closing mid-market price on 28 June 2018) (the "Option Price").  

Name	Position	Number of ordinary shares in the Company
Daniel Kos	Chief Financial Officer & Executive Director	25,000
Greg Hegarty	Executive Vice President UK & Chief Commercial Officer	25,000
Inbar Zilberman	General Counsel	53,000
Robert Henke	Executive Vice President Corporate Affairs & Customer Experience	25,000
Jaklien van Sterkenburg	Executive Vice President People & Culture	25,000
Daniel Pedreschi	Regional General Manager UK	25,000
Nieske van Klinken	Regional General Manager the Netherlands	25,000

A further option over 12,500 of the ordinary shares of no par value of the Company has been granted to an employee of the Company at the Option Price which together with the options noted above shall collectively be referred to herein as the "Options".

The Options have been granted under the terms of the Company's Executive Share Option Plan (the "Plan").  The Options will become exercisable in three equal tranches on each of the first, second and third anniversaries of the date of grant, subject to the rules of the Plan.

Therefore, following the grant of the Options, the total number of options over ordinary shares outstanding is 522,500 representing approximately 1.23% of the Company's issued share capital (excluding shares held in treasury).

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	Daniel Kos
2	Reason for the notification
a)	Position/status	Chief Financial Officer & Executive Director
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Hegarty
2	Reason for the notification
a)	Position/status	Executive Vice President UK & Chief Commercial Officer
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Inbar Zilberman
2	Reason for the notification
a)	Position/status	General Counsel
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 14.30 53,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 53,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robert Henke
2	Reason for the notification
a)	Position/status	Executive Vice President Corporate Affairs & Customer Experience
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Daniel Pedreschi
2	Reason for the notification
a)	Position/status	Regional General Manager UK
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jaklien van Sterkenburg
2	Reason for the notification
a)	Position/status	Executive Vice President People & Culture
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nieske van Klinken
2	Reason for the notification
a)	Position/status	Regional General Manager the Netherlands
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 14.30 25,000
d)	Aggregated information	Price(s) Volume(s) GBP 14.30 25,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London

Enquiries:

PPHE Hotel Group Limited
Robert Henke, Executive Vice President of Corporate Affairs and Customer Experience Lisa Woodman, Director of Corporate Communications	Tel: [phone] Tel: [phone]
Hudson Sandler
Wendy Baker/Sophie Lister	Tel: [phone] [e-mail]

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries (the Group), jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper 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 the Park Plaza® or art'otel® brands.  The Group has an exclusive licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel® brand is wholly owned by the Group.

The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels in operation offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels in London which are expected to add an additional 500 rooms by the end of 2022.

Company websites:

www.pphe.com 

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

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

 

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