PPHE Hotel Group Limited PDMR announcement (7234D)
30 Junio 2021 - 10:39AM
UK Regulatory
TIDMPPH
RNS Number : 7234D
PPHE Hotel Group Limited
30 June 2021
30 June 2021
PPHE Hotel Group Limited
("PPHE Hotel Group" or the "Company")
PDMR announcement
PPHE Hotel Group, an international hospitality company which
owns and develops hotels and resorts, operates the Park Plaza(R)
brand in EMEA and owns the art'otel(R) brand, today announces
changes to a retention plan so as to avoid potential contraventions
with the Dutch NOW scheme.
The Company refers to its announcement of 12 November 2020, in
which it announced the approval of grants made under the 2020 Long
Term Incentive Plan which are aimed at long term retention of key
employees. Since this plan was announced, additional guidance has
been issued by the relevant Dutch authorities in relation to the
Dutch furlough scheme (known as "NOW") which makes it clear that
the grant of such long term incentive plan options might contravene
the conditions of NOW.
As a result, the relevant key employees have voluntarily agreed
to surrender the awards granted under the "2020 Long Term Incentive
Plan" announced on 12 November 2020. The Company will consider what
retention arrangements for key employees are appropriate on or
after 1 January 2022 (being the expiry of the period to which the
relevant restrictions relate).
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
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2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Deputy Chief Executive Officer & Chief Operating
Officer
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b) Initial notification/Amendment Initial notification
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3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name PPHE Hotel Group Limited
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b) LEI N/A
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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 Cancellation of Share option
instrument GG00B1Z5FH87/PPH
Identification code
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b) Nature of the transaction Cancellation of Share Option
------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0 100,000
-----------
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Nil
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e) Date of the transaction 30 June 2021
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f) Place of the transaction London
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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 & Executive Director
------------------------------------------------------------- ----------------------------------------------
b) Initial notification/Amendment 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 Cancellation of Share option
Identification code GG00B1Z5FH87/PPH
------------------------------------------------------------- ----------------------------------------------
b) Nature of the transaction Cancellation of Share Option
------------------------------------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0 100,000
-----------
------------------------------------------------------------- ----------------------------------------------
d) Aggregated information GBP 0
------------------------------------------------------------- ----------------------------------------------
e) Date of the transaction 30 June 2021
------------------------------------------------------------- ----------------------------------------------
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 Chief Corporate & Legal Officer
------------------------------------------------------------- ---------------------------------
b) Initial notification/Amendment 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 Cancellation of share option
Identification code GG00B1Z5FH87/PPH
------------------------------------------------------------- ---------------------------------
b) Nature of the transaction Cancellation of share option
------------------------------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0 100,000
-----------
------------------------------------------------------------- ---------------------------------
d) Aggregated information GBP 0
------------------------------------------------------------- ---------------------------------
e) Date of the transaction 30 June 2021
------------------------------------------------------------- ---------------------------------
f) Place of the transaction London
------------------------------------------------------------- ---------------------------------
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.7 billion portfolio, valued as at December
2020 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily
prime freehold and long leasehold assets in Europe.
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(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) brands.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange. 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.
PPHE Hotel Group
Arena Hospitality Group
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END
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