PPHE Hotel Group Limited PDMR Shareholding (4802S)

TIDMPPH

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 
----  ---------------------------------------------------------------------------------------------------------------- 
                                                                Chief Executive Officer of Red Sea Group (Red Sea 
  a)    Position/status                                         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         Ordinary shares of no par value 
       instrument 
                                                                 GG00B1Z5FH87/PPH 
       Identification code 
----  -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                Sale of ordinary shares 
----  -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)         Volume(s) 
                                                                 --------------------  ---------- 
                                                                  GBP10.75 per share      5,000 
                                                                 --------------------  ---------- 
----  -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume 
        - Price 
                                                                  Total number of shares sold: 5,000 
 
                                                                  GBP53,750 
----  -------------------------------------------------------  ------------------------------------------------------- 
 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                  Tel: [phone] 
 and Chief Financial Officer         4800 
Hudson Sandler Financial Public 
 Relations 
                                    Tel: [phone] 
Wendy Baker / Jocelyn Spottiswoode   4133 
 

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(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

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October 02, 2017 12:51 ET (16:51 GMT)