PDMR Notification

RNS Number : 7468T

PPHE Hotel Group Limited

16 October 2017

 

 16 October 2017

PPHE Hotel Group Limited (the "Company")

PDMR Notification

The Company announces that on 25 September 2017 and 26 September 2017 the Company allotted a total of 113,306 ordinary shares (the Option Shares) to certain employees of the Group (the Exercising Employees) pursuant to an exercise of options by the Exercising Employees under the Company's share option plan.  As part of the exercise of such options, the Company was authorised by the Exercising Employees to procure the sale of the Option Shares on the market at the best price reasonably available.  Various market sales of the Option Shares were made during the period 28 September 2017 to 16 October 2017.  As part of this sale process, 34,010 Option Shares belonging to Chen Moravsky (the Company's Deputy Chief Executive Officer and Chief Financial Officer) have been sold on the market.  Details of such transactions are set out below.

Apart from Mr Moravsky, none of the of Exercising Employees are persons discharging managerial responsibilities and therefore no announcements are required in respect of such disposals.

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	Chen Moravsky
2	Reason for the notification
a)	Position/status	Chen Moravsky -Deputy Chief Executive Officer and Chief Financial 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	2138003H1BZGR6KM5823
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	Ordinary shares of no par value GG00B1Z5FH87/PPH
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £10.584 per share 34,010
d)	Aggregated information - Aggregated volume - Price	Total number of shares sold: 34,010 £359,961.84
e)	Date of the transaction	10 - 13 October 2017
f)	Place of the transaction	London

Enquiries:

PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief Executive Officer and Chief Financial Officer	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker / Sophie Lister	Tel: [phone]

Notes to editors

The Company is a Guernsey registered company and through its subsidiaries, 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® Hotels & Resorts or art'otel® brands.  The group has an exclusive licence from Carlson Hotels Worldwide Inc., 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 offering a total of approximately 9,000 rooms. The group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2019.

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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