PDMR Shareholding

RNS Number : 4802S

PPHE Hotel Group Limited

02 October 2017

 

2 October 2017

PPHE Hotel Group Limited (the "Company")

PDMR Notification

The Company announces that Roni Hirsch (a person discharging managerial responsibility as defined in the EU Market Abuse Regulation, or a "PDMR"), sold 5,000 ordinary shares of no par value each in the Company on 27 September 2017 at a price of 1075 pence per share.

The notification 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	Roni Hirsch
2	Reason for the notification
a)	Position/status	Chief Executive Officer of Red Sea Group (Red Sea Group is a controlling shareholder of PPHE Hotel Group Limited)
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) £10.75 per share 5,000
d)	Aggregated information - Aggregated volume - Price	Total number of shares sold: 5,000 £53,750
e)	Date of the transaction	27 September 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 / Jocelyn Spottiswoode	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, 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

 

END

 

 

DSHQLLFBDBFEFBB