18th Nov 2019 12:10
18 November 2019
PPHE Hotel Group Limited
(the "Company")
Sale of Shares
The Company announced that on 15 November 2019 the board of directors of the Company approved the issue and allotment of 3,298 new ordinary shares of no par value each in the Company ("Shares") subject to and conditional upon admission in order to satisfy an exercise of share options held by Greg Hegarty (who is a person discharging managerial responsibilities as defined in the EU Market Abuse Regulation). Admission is expected to take place on or around 22 November 2019.
As part of this exercise, Mr. Hegarty authorised the Company to sell the Shares in the market at the best price reasonably available. Following such exercise, on 15 November 2019, 3,298 Shares were sold on behalf of Mr. Hegarty at a price of £18.60 per Share.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name
| Greg Hegarty | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chief Operating Officer | ||||
b) | Initial notification/Amendment
| This is an initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | PPHE Hotel Group Limited | ||||
b) | LEI | 2138003H1BZGR6KM5823 | ||||
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 no par value
GG00B1Z5FH87/PPH | ||||
b) | Nature of the transaction
| Sale of Shares | ||||
c) | Price(s) and volume(s)
| Sale
| ||||
d) | Aggregated information
| See above | ||||
e) | Date of the transaction
| 15 November 2019 | ||||
f) | Place of the transaction
| London | ||||
Enquiries:
PPHE Hotel Group Limited | |
Daniel Kos, Chief Financial Officer & Executive Director | |
Robert Henke, Executive Vice President of Commercial and Corporate Affairs | Tel: +31 (0)20 717 8600 |
Lisa Woodman, Director of Corporate Communications | Tel: +44 (0)20 7034 4800 |
Hudson Sandler Financial Public Relations | |
Wendy Baker/ Lucy Wollam | Tel: +44 (0)20 7796 4133 |
Notes to Editors
PPHE Hotel Group is an international hospitality real estate company, with a £1.7 billion portfolio (valued as at summer of 2019) of primarily prime freehold and long leasehold assets in Europe.
PPHE Hotel Group's guiding principle is to generate attractive returns from operations and long-term capital appreciation.
Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate. Its primary focus is full-service upscale, upper upscale and lifestyle hotels in major gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations.
PPHE Hotel Group benefits from having an exclusive and perpetual licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel® brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments® and Arena Campsites® brands. This multi-brand approach enables PPHE Hotel Group to develop and operate properties across several segments of the hospitality market.
PPHE Hotel Group is one of the largest owner/operators of hotels in central London and its property portfolio comprises of 38 hotels and resorts in operation, offering a total of approximately 8,800 rooms and 8 campsites, offering approximately 6,000 units. PPHE Hotel Group's development pipeline includes two new hotels in London and one in New York City which are expected to add an additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange and a constituent of the FTSE 250. PPHE Hotel Group also holds a controlling ownership interest in Arena Hospitality Group, whose shares are listed on the Prime market of the Zagreb Stock Exchange.
Company websites
www.pphe.comwww.arenahospitalitygroup.com
For reservations
www.parkplaza.comwww.artotels.comwww.arenahotels.com www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
Related Shares:
Pphe Hotel