Exercise of Options

RNS Number : 6901P

PPHE Hotel Group Limited

09 June 2015

 

9 June 2015

PPHE Hotel Group Limited
(the "Company")

Exercise of Options

The Company announces that on 8 June 2015, the board of directors of the Company approved the issue and allotment of 9,064 ordinary shares of no par value each ("Shares") in order to satisfy an exercise of 15,000 share options held by an employee of the Company by way of share appreciation rights (the "Options"). The Options, which were exercised at an average exercise price of 233.5 pence each, were awarded under the Company's share option plan on 15 November 2012.

An application has now been made for the Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities ("Admission").  Admission is expected to take place on 12 June 2015.

The issue and allotment of the Shares is conditional on Admission. Once issued, the Shares will rank pari passu with the Company's existing Shares

From 12 June 2015, the total number of Shares in issue will be 43,814,012 of which 1,862,000 Shares are held in treasury. Each Share carries the right to one vote and therefore, the total number of voting rights in the Company will be 41,952,012. 

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure Rules and Transparency Rules. Any changes to the above expectation will be announced to the market as required.

Enquiries

PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief Executive Officer and Chief Financial Officer	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker / Katie Matthews	Tel: [phone]

 

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