Action Hotels PLC Director Dealing (9680N)

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RNS Number : 9680N

Action Hotels PLC

15 August 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")

Director's Dealing

Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia announces that is has been notified that Non Executive Chairman Sheikh Mubarak A. M. Al-Sabah, purchased 66,700 Action Hotels ordinary shares of 10 pence each ("Ordinary Shares") on 14 August 2017 at a price of 40.25p per Ordinary Share.

Following this transaction, Sheikh Mubarak A. M. Al Sabah has an interest in 97,305,616 (1,719,968 directly and the balance held by Action Group Holding Company (K.S.C.C)) ordinary shares of 10 pence each ("Ordinary Shares"), representing approximately 65.91 per cent. of the Company's issued Ordinary Share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging 
       managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------- 
 a)   Name                Sheikh Mubarak A. M. 
                           Al Sabah 
---  ------------------  -------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------- 
 a)   Position/status     Non-Executive Chairman 
---  ------------------  -------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  -------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------- 
 a)   Name                Action Hotels plc 
---  ------------------  -------------------------- 
 b)   LEI                 213800BGD9TEXUTCQ647 
---  ------------------  -------------------------- 
 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         Ordinary shares of 
       of the financial    GBP0.10 
       instrument, 
       type of             AHCG ISIN: JE00BFZD1492 
       instrument 
       Identification 
       code 
---  ------------------  -------------------------- 
 b)   Nature of           Purchase of Ordinary 
       the transaction     Shares 
---  ------------------  -------------------------- 
 c)   Price(s)              Price(s)   Volume(s) 
       and volume(s)        ---------  ---------- 
                             40.25p     66,700 
                            ---------  ---------- 
---  ------------------  -------------------------- 
 d)   Aggregated 
       information         N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
---  ------------------  -------------------------- 
 e)   Date of             14 August 2017 
       the transaction 
---  ------------------  -------------------------- 
 f)   Place of            London Stock Exchange, 
       the transaction     AIM 
---  ------------------  -------------------------- 
 

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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August 15, 2017 02:00 ET (06:00 GMT)