easyHotel PLC Grant of share options to executive directors (4048T)

TIDMEZH

RNS Number : 4048T

easyHotel PLC

03 July 2018

3 July 2018

easyHotel plc (AIM:EZH)

("easyHotel")

Grant of share options to executive directors

easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, confirms that on 2 July 2018 its remuneration committee granted nil-cost options over 204,116 ordinary shares of 1p each ("Ordinary Shares") to its Chief Executive Officer, Guy Parsons and over 159,935 Ordinary Shares to its Chief Financial Officer, Marc Vieilledent. The grant of the share options, which is made in respect of the financial year ended 30 September 2017, is subject to shareholder approval.

These awards are subject to stretching performance conditions based on achieving a combination of certain strategic and financial targets and, depending on the extent to which the relevant targets are achieved, may vest in part or in full after three years subject to continued employment. Awards that do not vest after the three year performance period will lapse. The awards were made under the easyHotel 2015 Performance Share Plan.

-Ends-

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                               1. GUY PAUL CUTHBERT PARSONS 
                                           2. MARC ANDRE LOUIS VIEILLEDENT 
----  ----------------------------  -------------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------------- 
 a)    Position/status                    1. CHIEF EXECUTIVE OFFICER 
                                           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 NIL COST OPTION 
        transaction                   OVER ORDINARY SHARES UNDER 
                                      THE EASYHOTEL PLC 2015 PERFORMANCE 
                                      SHARE PLAN 
----  ----------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                         ---------------  ---------------- 
                                              Price(s)         Volume(s) 
----                                         ---------------  ---------------- 
                                     1.       GBP0.00          204,116 
                                             ---------------  ---------------- 
                                     2.       GBP0.00          159,935 
 ---------------------------------  -------  ---------------  ---------------- 
 d)    Aggregated information 
---- 
 
  - Aggregated volume                364,051 
 
  - Price                            GBP0.00 
 
 e)    Date of the transaction       2 JULY 2018 
----  ----------------------------  -------------------------------------------- 
 f)    Place of the transaction      LONDON 
----  ----------------------------  -------------------------------------------- 
 

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July 03, 2018 04:20 ET (08:20 GMT)