Exercise of Share Options

RNS Number : 6296T

PPHE Hotel Group Limited

15 November 2019

 

15 November 2019

PPHE Hotel Group Limited

(the "Company")

Exercise of Share Options

The Company announces 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 (as defined below) in order to satisfy an exercise of share options held by Greg Hegarty ("Share Options") (who is a person discharging managerial responsibilities as defined in the EU Market Abuse Regulation or a "PDMR").  

Greg Hegarty has exercised Share Options in respect of 5,210 Shares and has agreed to the net settlement of such Share Options, resulting in Mr. Hegarty receiving 3,298 Shares and surrendering Share Options in respect of 1,912 Shares. 

Following such exercise, Share Options are outstanding over a total of 412,290 Shares representing approximately 0.97% of the Company's issued share capital (excluding shares held in treasury).

The Share Options were granted under the Company's Executive Share Option Plan on 14 November 2016.  On Admission, all of the new Shares will rank pari passu with the Company's existing Shares.  Applications have been made for the new Shares to be admitted to the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's main market for listed securities ("Admission").  Admission is expected to take place on or around 22 November 2019.

Total Voting Rights

On Admission, the total number of Shares in issue will be 42,459,340 (excluding Shares held in treasury) with 1,888,070 Shares held in treasury. Each Share which is not held in treasury carries one vote and therefore the total number of voting rights in the Company on Admission will be 42,459,340.

The above figure of 42,459,340 may be used by the Company's 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 share capital of the Company.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide additional detail:

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	Exercise of Share Options
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) GBP 6.90 5,210
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: [phone]
Lisa Woodman, Director of Corporate Communications	Tel: [phone]
Hudson Sandler Financial Public Relations
Wendy Baker/ Lucy Wollam	Tel: [phone]

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.com
www.arenahospitalitygroup.com 

For reservations

www.parkplaza.com
www.artotels.com
www.arenahotels.com  
www.arenacampsites.com 

For images and logos visit

www.vfmii.com/parkplaza

 

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