4th Jan 2017 07:00
Action Hotels plc
("Action Hotels" or the "Company")
Closely Associated Person 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 Sheikha Dr. Souad Al-Sabah, in her capacity as a closely associated person to Non Executive Chairman Sheikh Mubarak A. M. Al-Sabah, purchased 11,100 Action Hotels ordinary shares of 10 pence each ("Ordinary Shares") on 28 December 2016 at a price of 52.57p per Ordinary Share.Following the transaction Sheikha Dr. Souad Al-Sabah is interested in 870,011 Ordinary Shares representing approximately 0.59 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 | Sheikha Dr. Souad Al-Sabah | ||||
2 | Reason for the notification | |||||
a) | Position/status | Closely associated person to Non Executive Chairman Sheikh Mubarak A. M. Al Sabah | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Action Hotels plc | ||||
b) | LEI | (Pending) | ||||
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 instrument Identification code | Ordinary shares of £0.10
AHCG ISIN: JE00BFZD1492 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 28 December 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For more information contact:
Action Hotels PLC | Tel: +44 (0) 20 7907 9663 |
Alain Debare, Chief Executive Officer | |
Katie Shelton, Director of Corporate Affairs |
Zeus Capital Limited (Nomad and Broker) | |
Dan Bate/Jonny Sharp | Tel: +44 (0) 161 831 1512 |
Victoria Ayton | Tel: +44 (0) 20 3829 5000 |
Camarco (Press enquiries) | Tel: +44 (0) 20 3757 4994 |
Jennifer Renwick/ Tom Huddart |
Notes to Editors
Action Hotels PLC
Action Hotels 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/
Related Shares:
AHCG.L