PDMR Notification

RNS Number : 6421I
PPHE Hotel Group Limited
02 April 2020
 

Director/PDMR Shareholding

 

2 April 2020

 

PPHE Hotel Group Limited (the  "Company") PDMR Notification

 

The Company announces that on 2 April 2020 it was notified of the following transaction in the Company's shares between persons closely associated with Mr Eli Papouchado.

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name

 

Euro Plaza Holdings B.V. ("Euro Plaza")

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Euro Plaza is a personcloselyassociatewithEliPapouchado (Non-Executive Chairman of the Board of Directors)

 

b)

 

Initial notification/Amendment

 

Initial notification

 

3

 

Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auctionmonitor

 

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)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewhere transactions have beenconducted

 

a)

 

Description of the financial instrument,typeof instrument

 

Identification code

 

Ordinary shares of no par value

 

GG00B1Z5FH87/PPH

 

b)

 

Nature of the transaction

Euro Plaza grants to Bank Hapoalim B.M. a security interest over 5,000,000 shares as security for a loan to its indirect parent company (the New Loan).  The new security interest replaces existing security over 10,000,000 shares (Existing Security), which was granted by Euro Plaza as security for a guarantee by Euro Plaza of a previous loan (the Previous Loan) (in an amount ca. double the New Loan) granted by a subsidiary of the new lender to Euro Plaza's parent company.  The Previous Loan has been repaid in full and the Existing Security has been released.

 

c)

Price(s) and volume(s)

 

Price N/A

5,000,000 shares

 

 

d)

 

Aggregated   information

 

- Aggregated volume

 

- Price

 

 

5,000,000 shares

Price N/A

 

 

e)

 

Date of the transaction

 

2 April 2020

 

 

f)

 

Place of the transaction

 

Herzliya 4672835, Israel

 

 

 

 

 


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