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PPH Pphe Hotel Group Limited

1,490.00
-5.00 (-0.33%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pphe Hotel Group Limited LSE:PPH London Ordinary Share GG00B1Z5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.33% 1,490.00 1,485.00 1,490.00 1,530.00 1,485.00 1,500.00 17,397 16:07:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 419.01M 22.42M 0.5291 28.16 631.21M

PPHE Hotel Group Limited Exercise of Options and PDMR Notifications (9577I)

23/06/2017 7:01am

UK Regulatory


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TIDMPPH

RNS Number : 9577I

PPHE Hotel Group Limited

23 June 2017

23 June 2017

PPHE Hotel Group Limited (the "Company")

Exercise of Options and PDMR Notifications

The Company announces that in order to satisfy an exercise of share options held by three employees, Daniel Coupe, Edwin Wijgergangs (each a person discharging managerial responsibilities as defined in the EU Market Abuse Regulation, or a "PDMR") and Rachel Thomas by way of share appreciation rights, on 20 June 2017, the board of directors of the Company approved the issue and allotment of 46,538 ordinary shares of no par value each in the Company ("Shares") in settlement of the gain, subject to and conditional upon Admission (as defined below), as follows:

-- 32,068 Shares in favour of Mr Coupe at an exercise price of 233.5 pence each. Following the issue, Mr Coupe's interest in the Company is 32,068 Shares representing 0.07 per cent. of the issued ordinary share capital.

-- 5,262 Shares in favour of Mr Wijgergangs at an exercise price of 100 pence each. Following the issue, Mr Wijgergangs' interest in the Company is 5,262 Shares representing 0.01 per cent. of the issued ordinary share capital. In addition, he holds options over 45,000 Shares under the Company's share option plans.

-- 9,208 Shares in favour of Mrs Thomas at an exercise price of 100 pence each. Following the issue, Mrs Thomas' interest in the Company is 18,272 Shares representing 0.04 per cent. of the issued ordinary share capital. In addition, she holds options over 30,000 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 today.

Furthermore, the Company announces that Andrew Swindells, the Chief Operating Officer of the Company and a PDMR of the Company, purchased 34,800 Shares from his wife, Kim Swindells, on 20 June 2017 at a price of 810 pence per Share. Following such purchase, the Company confirms that, as at the date of this announcement, Andrew Swindells holds 143,300 Shares and Kim Swindells holds 124,800 Shares.

Effective from 23 June 2017, the total number of Shares in issue will be 44,112,400 with 1,862,000 Shares held in treasury. Each Share carries one vote and therefore the total number of voting rights in the Company will be 42,250,400.

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.

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                                                     Daniel Coupe 
----  -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
                                                                Daniel Coupe is the Corporate Director of Revenue - 
  a)    Position/status                                         Europe, Middle East & Africa 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         Ordinary shares of no par value 
       instrument 
                                                                 GG00B1Z5FH87/PPH 
       Identification code 
----  -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                Exercise of share options 
----  -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)         Volume(s) 
                                                                 --------------------  ---------- 
                                                                  GBP8.125 per share     32,068 
                                                                 --------------------  ---------- 
----  -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume 
        - Price                                                   Total number of shares issued: 32,068 
 
                                                                  GBP260,552.50 
----  -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  20 June 2017 
----  -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London 
----  -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Edwin Wijgergangs 
----  -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
                                                                Edwin Wijgergangs is the Vice President Distribution 
  a)    Position/status                                         and Strategic Sales 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         Ordinary shares of no par value 
       instrument 
                                                                 GG00B1Z5FH87/PPH 
       Identification code 
----  -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                Exercise of share options 
----  -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)         Volume(s) 
                                                                 --------------------  ---------- 
                                                                  GBP8.125 per share      5,262 
                                                                 --------------------  ---------- 
----  -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume 
        - Price 
                                                                  Total number of shares issued: 5,262 
 
                                                                  GBP42,753.75 
----  -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  20 June 2017 
----  -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London 
----  -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
----  ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Andrew Swindells and Kim 
                                                                 Swindells 
----  -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
                                                                Andrew Swindells is the Chief Operating Officer of 
  a)    Position/status                                         PPHE Hotel Group Limited. 
                                                                Kim Swindells is the spouse of Andrew Swindells. 
----  -------------------------------------------------------  ------------------------------------------------------- 
 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         Ordinary shares of no par value 
       instrument 
                                                                 GG00B1Z5FH87/PPH 
       Identification code 
----  -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                Purchase of ordinary shares by Andrew Swindells from 
                                                                his spouse, Kim Swindells 
----  -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)        Volume(s) 
                                                                 -------------------  ---------- 
                                                                  GBP8.10 per share     34,800 
                                                                 -------------------  ---------- 
----  -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                                      Total number of shares purchased by Andrew Swindells 
        - Price                                                  from his spouse, Kim Swindells: 34,800 
 
                                                                 Total price: GBP281,880 
----  -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  20 June 2017 
----  -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London 
----  -------------------------------------------------------  ------------------------------------------------------- 
 

Enquiries:

 
PPHE Hotel Group Limited 
Chen Moravsky, Deputy Chief 
 Executive Officer                  Tel: +44 (0)20 7034 
 and Chief Financial Officer         4800 
Hudson Sandler Financial Public 
 Relations 
                                    Tel: +44 (0)20 7796 
Wendy Baker / Jocelyn Spottiswoode   4133 
 

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(R) Hotels & Resorts or art'otel(R) 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(R) Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel(R) 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFTMTTMBBTTPR

(END) Dow Jones Newswires

June 23, 2017 02:01 ET (06:01 GMT)

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