PDMR Notification

RNS Number : 6421I

PPHE Hotel Group Limited

02 April 2020

 

Director/PDMR Shareholding

2 April 2020

PPHE Hotel Group Limited (the  "Company") PDMR Notification

The Company announces that on 2 April 2020 it was notified of the following transaction in the Company's shares between persons closely associated with Mr Eli Papouchado.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Euro Plaza Holdings B.V. ("Euro Plaza")
2	Reason for the notification
a)	Position/status	Euro Plaza is a personcloselyassociatewithEliPapouchado (Non-Executive Chairman of the Board of Directors)
b)	Initial notification/Amendment	Initial notification
3	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auctionmonitor
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)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewhere transactions have beenconducted
a)	Description of the financial instrument,typeof instrument Identification code	Ordinary shares of no par value GG00B1Z5FH87/PPH
b)	Nature of the transaction	Euro Plaza grants to Bank Hapoalim B.M. a security interest over 5,000,000 shares as security for a loan to its indirect parent company (the New Loan).  The new security interest replaces existing security over 10,000,000 shares (Existing Security), which was granted by Euro Plaza as security for a guarantee by Euro Plaza of a previous loan (the Previous Loan) (in an amount ca. double the New Loan) granted by a subsidiary of the new lender to Euro Plaza's parent company.  The Previous Loan has been repaid in full and the Existing Security has been released.
c)	Price(s) and volume(s)	Price N/A 5,000,000 shares
d)	Aggregated   information - Aggregated volume - Price	5,000,000 shares Price N/A
e)	Date of the transaction	2 April 2020
f)	Place of the transaction	Herzliya 4672835, Israel

 

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