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 
      -------------------------------------------------------  ------------------------------------------------------- 
  2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
  a)    Position/status                                          Deputy Chief Executive Officer & Chief Operating 
                                                                 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         Cancellation of Share option 
        instrument                                                GG00B1Z5FH87/PPH 
        Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
  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 
      -------------------------------------------------------  ------------------------------------------------------- 
  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                                                           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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEBLFXFQLXBBE

(END) Dow Jones Newswires

June 30, 2021 11:39 ET (15:39 GMT)

Pphe Hotel (LSE:PPH)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Pphe Hotel.
Pphe Hotel (LSE:PPH)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Pphe Hotel.