Grant of Share Options

RNS Number : 0907T
PPHE Hotel Group Limited
29 June 2018
 

 

 

 

 

PPHE Hotel Group Limited

(the "Company")

 

Grant of Share Options

 

PPHE Hotel Group Limited, an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza® brand in EMEA and owns the art'otel® brand, today announces that the following members of the senior management of the Company were granted options over the number of ordinary shares of no par value in the Company as set out in the table below at an exercise price of 1430 pence per share (being the closing mid-market price on 28 June 2018) (the "Option Price").  

Name

Position

Number of ordinary shares in the Company

Daniel Kos

Chief Financial Officer & Executive Director

25,000

Greg Hegarty                    

Executive Vice President UK & Chief Commercial Officer

25,000

Inbar Zilberman                

General Counsel

 

53,000

 

Robert Henke

Executive Vice President Corporate Affairs & Customer Experience

 

25,000

Jaklien van Sterkenburg     

Executive Vice President People & Culture

25,000

Daniel Pedreschi               

Regional General Manager UK

 

25,000

Nieske van Klinken             

Regional General Manager the Netherlands

25,000

 

A further option over 12,500 of the ordinary shares of no par value of the Company has been granted to an employee of the Company at the Option Price which together with the options noted above shall collectively be referred to herein as the "Options".

The Options have been granted under the terms of the Company's Executive Share Option Plan (the "Plan").  The Options will become exercisable in three equal tranches on each of the first, second and third anniversaries of the date of grant, subject to the rules of the Plan.

Therefore, following the grant of the Options, the total number of options over ordinary shares outstanding is 522,500 representing approximately 1.23% of the Company's issued share capital (excluding shares held in treasury).

 

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

 

Daniel Kos

2

Reason for the notification


a)


Position/status

 


Chief Financial 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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Greg Hegarty

2

Reason for the notification


a)


Position/status

 


Executive Vice President UK & Chief Commercial 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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Inbar Zilberman                

2

Reason for the notification


a)


Position/status

 


General Counsel

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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

53,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

53,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Robert Henke

2

Reason for the notification


a)


Position/status

 


Executive Vice President Corporate Affairs & Customer Experience

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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Daniel Pedreschi               

2

Reason for the notification


a)


Position/status

 

Regional General Manager UK

 

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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Jaklien van Sterkenburg     

2

Reason for the notification


a)


Position/status

 


Executive Vice President People & Culture

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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Nieske van Klinken             

2

Reason for the notification


a)


Position/status

 


Regional General Manager the Netherlands

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

n/a

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

Grant of share options

 


GG00B1Z5FH87/PPH

 

b)

Nature of the transaction

 

Grant of Share Options

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

 

 

d)

Aggregated information

 

Price(s)

Volume(s)

GBP 14.30

25,000

 

e)

Date of the transaction

 

29 June 2018

f)

Place of the transaction 

 

London

 

 

Enquiries:

 

PPHE Hotel Group Limited

 

Robert Henke, Executive Vice President of Corporate Affairs

and Customer Experience

 

Lisa Woodman, Director of Corporate Communications

Tel: +31 (0)20 717 8600

 

 

Tel: +44 (0)20 7034 4800

 

Hudson Sandler

 

 

Wendy Baker/Sophie Lister

Tel: +44 (0)20 7796 4133
pphe@hudsonsandler.com

 

 

Notes to editors

 

The Company is a Guernsey registered company and through its subsidiaries (the Group), jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.

 

The majority of the Group's hotels operate under the Park Plaza® or art'otel® brands.  The Group has an exclusive licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.

 

The art'otel® brand is wholly owned by the Group.

 

The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.

 

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels in operation offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels in London which are expected to add an additional 500 rooms by the end of 2022.

 

Company websites:

www.pphe.com 

www.arenahospitalitygroup.com

 

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

 

For images and logos visit www.vfmii.com/parkplaza

 

 

 


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