PDMR announcement

RNS Number : 5369D

PPHE Hotel Group Limited

29 June 2021

 

PPHE Hotel Group Limited

("PPHE Hotel Group" or   the "Company")

PDMR announcement

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts,  today announces the following notifications, made in accordance with the requirements of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Greg Hegarty
2	Reason for the notification
a)	Position/status	Deputy Chief Executive Officer & Chief Operating Officer
b)	Initial notification/Amendment	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	Exercise of share option GG00B1Z5FH87/PPH
b)	Nature of the transaction	Exercise of share option (cash settled)
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 16.72  39,790
d)	Aggregated information	Greg Hegarty has exercised Share Options in respect of 39,790 Shares, and has agreed to a net cash settlement of such Share Options based on their exercise price of £6.90 multiplied by the number of Share Options exercised.
e)	Date of the transaction	2021-06-29
f)	Place of the transaction	London

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	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	Exercise of share option GG00B1Z5FH87/PPH
b)	Nature of the transaction	Exercise of share option  (cash settled)
c)	Price(s) and volume(s)	Price(s) Volume(s)  GBP 16.72  50,000
d)	Aggregated information	Daniel Kos has exercised Share Options in respect of 50,000 Shares and has agreed to a net cash settlement based their exercise price (£6.90) multiplied by the number of Share Options exercised.
e)	Date of the transaction	2021-06-29
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	Chief Corporate & Legal Officer
b)	Initial notification/Amendment	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	Exercise of share option GG00B1Z5FH87/PPH
b)	Nature of the transaction	Exercise of share option  (cash settled)
c)	Price(s) and volume(s)	Price(s) Volume(s)  GBP 16.72 17,000
d)	Aggregated information	Inbar Zilberman has exercised Share Options in respect of 17,000 Shares and has agreed to a net cash settlement of such Share Options based on their exercise price of £2.335 multiplied by the number of Share Options exercised.
e)	Date of the transaction	2021-06-29
f)	Place of the transaction	London

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a 1.7 billion portfolio, valued as at December 2020 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets in Europe.  

Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate. Its primary focus is full-service upscale, upper upscale and lifestyle hotels in major gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations.

PPHE Hotel Group benefits from having an exclusive and perpetual licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel® brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments® and Arena Campsites® brands.

PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange. PPHE Hotel Group also holds a controlling ownership interest in Arena Hospitality Group, whose shares are listed on the Prime market of the Zagreb Stock Exchange.

PPHE Hotel Group

Arena Hospitality Group

 

END

 

 

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