Exercise of Share Options

RNS Number : 1997L
PPHE Hotel Group Limited
24 April 2015
 



 

24 April 2015

 

PPHE Hotel Group Limited

(the "Company")

EXERCISE OF SHARE OPTIONS

 

The Company announces that in order to satisfy an exercise of share options held by three employees, Robert Henke, Jaklien van Sterkenburg and Inbar Zilberman (each a person discharging managerial responsibility as defined under the Financial Services and Markets Act 2000) by way of share appreciation rights, on 23 April 2015, the board of directors of the Company approved the issue and allotment of 56,349 ordinary shares of no par value each ("Shares") in settlement of the gain, subject to and conditional upon Admission (as defined below), as follows:

·     23,303 Shares in favour of Mr Henke at an average exercise price of 209.7 pence each. Following the issue, Mr Henke's interest in the Company is 23,303 Shares representing 0.06 per cent. of the issued ordinary share capital.  In addition, he holds options over 15,000 Shares under the Company's share option plans.

 

·     22,889 Shares in favour of Mrs Van Sterkenburg at an average exercise price of 211.3 pence each. Following the issue, Mrs Van Sterkenburg's interest in the Company is 22,889 Shares representing 0.05 per cent. of the issued ordinary share capital.  In addition, she holds options over 15,000 Shares under the Company's share option plans.

 

·     10,157 Shares in favour of Mrs Zilberman at an average exercise price of 233.5 pence each. Following the issue, Mrs Zilberman's interest in the Company is 10,157 Shares representing 0.02 per cent. of the issued ordinary share capital.  In addition, she holds options over 34,000 Shares under the Company's share option plans.

The options at an exercise price of 100 pence were granted under the Company's share option plan on 27 September 2007 and those at an exercise price of 233.5 pence were granted on 15 November 2012.  Once issued, these Shares will rank pari passu with the Company's existing Shares.  An application has been made for the Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities ("Admission").  Admission is expected to take place on 27 April 2014.

Furthermore, further to the announcement made by the Company on 27 March 2015, the irrevocable notice to exercise options received by Mr Chen Moravsky has had numerical error which has subsequently been amended to include the exercise of options, granted under the Company's share option plan on 27 September 2007, over an additional 2,273 Shares at an exercise price of 100 pence each. The board of directors of the Company have approved the issue and allotment of Shares under this amended notice for which Admission is expected on 1 June 2015.

Effective from 27 April 2015, but not beyond 31 May 2015, the total number of Shares in issue will be 43,559,791 with 1,862,000 Shares held in treasury each Share carries a right to one vote and therefore the total number of voting rights in the Company will be 41,697,791.

Effective from 1 June 2015, the total number of Shares in issue will be 43,794,791 with 1,862,000 Shares held in treasury and therefore the total number of voting rights in the Company will then be 41,932,791.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure Rules and Transparency Rules.

 

Enquiries:

 

PPHE Hotel Group Limited

Boris Ivesha, President and Chief Executive Officer

 

 

 

 

Tel: +44 (0)20 7034 4800

Chen Moravsky, Chief Financial Officer

Tel: +31 (0)20 717 8603



 

Stifel Nicolaus Europe Limited

James Grace / Matthew Marshall

 

 

Tel: +44 (0)20 7710 7600

 

finnCap Limited

Stuart Andrews / Grant Bergman

 

 

Tel: +44 (0)20 7220 0500

 

Hudson Sandler


Wendy Baker / Katie Matthews

Tel: +44 (0)20 7796 4133

 

 

Notes to Editors

PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe.

The majority of the group's hotels operate under two distinct brands, Park Plaza® Hotels & Resorts and art'otel®. The Company has an exclusive licence from CarlsonSM, 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 has a minority ownership interest in the Arenaturist group, one of Croatia's leading hospitality companies.

Our portfolio of owned, leased, managed and franchised hotels comprises 38 hotels in operation offering a total of more than 8,300 rooms. The development pipeline includes four new hotel projects, one hotel extension and reconfiguration and one rebranding project. These developments are expected to add over 1,000 rooms to our portfolio by mid 2016 and an additional 350 rooms by the end of 2017.

 

Our Brands:                             Our Company:

www.parkplaza.com                  www.pphe.com

www.artotels.com

www.arenaturist.com

 

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


This information is provided by RNS
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