Action Hotels PLC Board appointment of Finance Director (3027L)

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RNS Number : 3027L

Action Hotels PLC

18 July 2017

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Action Hotels plc

("Action Hotels" or the "Company")

Board appointment of Finance Director

Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia is pleased to announce that Andrew Lindley has been appointed to the Action Hotels' Board as Finance Director with immediate effect. Andrew was appointed as Finance Director on 1 June 2016 when he joined the Company's senior management team.

As detailed at the time of his appointment to the senior management team, Andrew is a Chartered Management Accountant and holds a BA (Hons) degree in Accounting and Economics from Reading University, UK. He has more than 20 years of finance experience in the UK and the Middle East.

Andrew was previously Vice President of Finance for Africa at Mövenpick Hotels and Resorts, responsible for the financial operations of a portfolio of 25 hotels across Africa and cruise operations in Egypt. He is experienced in the leisure and tourism sector especially in hospitality working for; Forte Group plc, MacDonald Hotels plc and as CFO of Abjar Hotels International, a hospitality company with a portfolio of nine franchise and managed hotels in Dubai.

Alain Debare, Chief Executive Officer of Action Hotels, commented: "We are delighted that Andrew has joined the Action Hotels Board following a highly impressive period as part of the senior management team. Andrew brings with him considerable financial skills and experience of hospitality and the Middle East. I have no doubt he will make a valuable contribution to the Board as we accelerate our roll out of hotels in the Middle East and Australia."

The information on Andrew Lindley required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies is as follows:

-- Andrew Edward Lindley, aged 42, is not currently a director of any other company and in addition, has not held other directorships in the past five years. Andrew has no interests in the share capital of Action Hotels plc.

There is no further information on Andrew Lindley required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

For more information contact:

 
Action Hotels PLC                             Tel: [phone] 
Alain Debare, Chief Executive Officer 
Katie Shelton, Director of Corporate Affairs 
 
 
Zeus Capital Limited (Nomad and Broker) 
Dan Bate / Andrew Jones                  Tel: [phone] 
Victoria Ayton                           Tel: [phone] 
 
 
Camarco (Press enquiries)      Tel: [phone] 
Jennifer Renwick/ Tom Huddart 
 

Notes to Editors

Action Hotels PLC

Action Hotels PLC is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has 12 completed hotels with 2,181 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.

More information is available at http://www.actionhotels.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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July 18, 2017 02:00 ET (06:00 GMT)