easyHotel PLC Grant of Sharesave Plan Options (3638M)

TIDMEZH

RNS Number : 3638M

easyHotel PLC

28 July 2017

28 July 2017

easyHotel plc

easyHotel plc

("easyHotel", "the Group" or "the Company")

Grant of Sharesave Plan Options

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, announces that following valid elections from both the Company's Chief Executive, Guy Parsons, and Chief Financial Officer, Marc Vieilledent to participate in the Company's all employee easyHotel 2017 Sharesave Plan, on 27 July 2017 options over the Company's ordinary shares of 1p each ("Ordinary Shares") were granted as follows:

 
 Director           Number of Ordinary     Exercise Price 
                     Shares under Option    per Ordinary Share 
-----------------  ---------------------  -------------------- 
 Guy Parsons        20,361                 GBP0.884 
-----------------  ---------------------  -------------------- 
 Marc Vieilledent   20,361                 GBP0.884 
-----------------  ---------------------  -------------------- 
 

Subject to the rules of the easyHotel 2017 Sharesave Plan, the options may be exercised at the end of the three year saving contract at the exercise price set out above. The expected maturity date of these options is 1 September 2020.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------------------------- 
 a)    Name                             1. GUY PAUL CUTHBERT PARSONS 
                                         2. MARC ANDRE LOUIS VIEILLEDENT 
----  --------------------------  ---------------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------------- 
 a)    Position/status                  1. CHIEF EXECUTIVE 
                                         2. CHIEF FINANCIAL OFFICER 
----  --------------------------  ---------------------------------------------- 
 b)    Initial notification        INITIAL NOTIFICATION 
        /Amendment 
----  --------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  -------------------------------------------------------------------------- 
 a)    Name                        EASYHOTEL PLC 
----  --------------------------  ---------------------------------------------- 
 b)    LEI                         213800B35EIIHXVVSA50 
----  --------------------------  ---------------------------------------------- 
 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              EASYHOTEL PLC ORDINARY SHARES 
        the financial               OF 1P EACH 
        instrument, type 
        of instrument 
---- 
 
       Identification              ISIN: GB00BN56KF84 
        code 
 
 b)    Nature of the               GRANT OF OPTION OVER ORDINARY 
        transaction                 SHARES UNDER THE EASYHOTEL 
                                    2017 SHARESAVE PLAN AT AN 
                                    OPTION PRICE OF GBP0.88P 
                                    PER SHARE 
----  --------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                     ---------------------  ----------- 
                                          Option Price(s)        Volume(s) 
----                                     ---------------------  ----------- 
                                               1. GBP0.884       20,361 
          2. GBP0.884                                             20,361 
   -----------------------------------------------------------  ----------- 
 
 d)    Aggregated information 
---- 
 
       - Aggregated volume         1. 20,361 
    2. 20,361 
 
       - Price                     1. GBP17,999.12 
    2. GBP17,999.12 
 
 e)    Date of the transaction     27 JULY 2017 
----  --------------------------  ---------------------------------------------- 
 f)    Place of the transaction    OUTSIDE A TRADING VENUE 
----  --------------------------  ---------------------------------------------- 
 

Enquiries:

 
 easyHotel plc                    www.easyhotel.com 
 Guy Parsons, Chief Executive 
  Officer 
 Marc Vieilledent, Chief          http://ir.easyhotel.com 
  Financial Officer 
 
 
 Investec (Nominated 
  Adviser and Broker)             [phone] 
 David Anderson / Chris 
  Treneman 
 
 
 Houston PR (Financial 
  PR)                             [phone] 
 Hamish Thompson 
 Kate Hoare 
 

Notes to Editors:

www.easyhotel.com http://ir.easyhotel.com/

easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers.

Operating hotels

easyHotel's five owned hotels currently comprise 590 rooms, and it has a further 20 franchised hotels with 1,750 rooms.

Owned hotels:

Old Street (London), Glasgow, Croydon, Birmingham, Manchester.

Franchise locations:

Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), United Kingdom (Edinburgh, London Heathrow, Central London, Luton).

Hotel development pipeline

The Company's committed development pipeline of owned and franchised hotels currently consists of:

Owned hotels:

United Kingdom (Liverpool, Ipswich, Sheffield, Leeds), Spain (Barcelona)

Subject to planning consent: United Kingdom (Oxford)

Franchise hotels:

UAE (Dubai), Germany (Bernkastel-Kues), Portugal (Lisbon), Turkey (Istanbul), Nepal (Kathmandu), United Kingdom (Belfast, Reading)

Website: www.easyHotel.com

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

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July 28, 2017 02:01 ET (06:01 GMT)