Exercise of Options

RNS Number : 6492H

PPHE Hotel Group Limited

01 December 2015

 



1 December 2015

PPHE Hotel Group Limited

("PPHE Hotel Group" or the "Company")

Exercise of Options

The Company announces that on 1 December 2015, the board of directors of the Company approved the issue and allotment of 65,500 ordinary shares of no par value each ("Shares") in order to satisfy an exercise of the equivalent number of share options held by two former employees of the Company (the "Options").

15,500 Options were exercised at an exercise price of 100 pence each and were awarded under the Company's share option plan on 27 September 2007. A further 50,000 Options were exercised at an exercise price of 233.5 pence each and were awarded under the Company's share option plan on 15 November 2012.

An application has 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 4 December 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 ordinary shares.

As of 4 December 2015, the total number of ordinary shares in issue will be 43,879,512 of which 1,862,000 ordinary shares are held in treasury. Each ordinary share carries the right to one vote and therefore, the total number of voting rights in the Company will be 42,017,512.

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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