TIDMPPH
RNS Number : 1607M
PPHE Hotel Group Limited
12 September 2019
12 September 2019
PPHE Hotel Group Limited
("PPHE Hotel Group" or the "Company")
Holding(s) in Company
The Company announces that on 12 September 2019, it was notified
of the following changes in shareholdings which result from a
transfer between members of the concert party (the Concert Party)
which, in aggregate, holds approximately 43.4% of the issued share
capital of the Company. The aggregate holding of the Concert Party
remains unchanged following the transfer.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the PPHE Hotel Group Limited
underlying issuer of existing shares
to which voting rights are attached(ii)
:
--------------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer X
-------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
-------
An acquisition or disposal of financial instruments
-------
An event changing the breakdown of voting rights
-------
Other (please specify)(iii) :
-------
3. Details of person subject to the notification obligation(iv)
Name Euro Plaza Holdings B.V.
City and country of registered office The Netherlands
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
--------------------------------------------------------------------
City and country of registered office
(if applicable)
--------------------------------------------------------------------
5. Date on which the threshold was 11/09/2019
crossed or reached(vi) :
--------------------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 12/09/2019
--------------------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
---------------------------- -------------------------------- ---------------------------- --------------------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 28.79% 0% 28.79% 42,398,188
---------------------------- -------------------------------- ---------------------------- --------------------------
Position of
previous
notification
(if
applicable) 27.21% 0% 27.21%
---------------------------- -------------------------------- ---------------------------- -------------------------- ------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
-------------------------------
GG00B1Z5FH87/PPH 12,207,843 28.79%
---------------------------- ------------------------------- ---------------------------- -------------------------
SUBTOTAL 8. A 12,207,843 28.79%
------------------------------------------------------------- -------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion Period(xi) rights that may rights
be acquired if
the instrument
is
exercised/converted.
----------- --------------------------------------- ------------------------------------- -------------------------
SUBTOTAL 8. B 1
--------------------------------------- ------------------------------------- -------------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial Expiration Exercise/ Physical or Number of % of voting
instrument date(x) Conversion cash voting rights rights
Period (xi) settlement(xii)
----------------- --------------------------- -------------------------- ---------------------
SUBTOTAL 8.B.2
-------------------------- ---------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both
if it equals or through financial if it equals
is higher than instruments if it or is higher
the notifiable equals or is higher than the notifiable
threshold than the notifiable threshold
threshold
------------------- --------------------- -----------------------
Mr Eli Papouchado
------------------- --------------------- -----------------------
A.P.Y. Investments and
Real Estate Ltd.
------------------- --------------------- -----------------------
Red Sea Hotels Ltd.
------------------- --------------------- -----------------------
Red Sea Club Ltd.
------------------- --------------------- -----------------------
Southern- Moadon, Partnership
------------------- --------------------- -----------------------
Southern Hotels Holding
and Investment B.V.
------------------- --------------------- -----------------------
Euro Plaza Holdings
B.V.(1) 28.79% 0% 28.79%
------------------- --------------------- -----------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
----------------------------------------------
The number and % of voting rights held
----------------------------------------------
The date until which the voting rights
will be held
----------------------------------------------
11. Additional information(xvi)
(1) Euro Plaza Holdings B.V. ("Euro Plaza") is an indirect wholly-owned
Dutch incorporated subsidiary of A.P.Y. Investments & Real Estate Ltd
("APY"). As at the date hereof, 98% of the shares in APY are held by
Eli Papouchado as trustee of an endowment created under Israeli law which
he formed in 1998 (the "Endowment"). The primary beneficiaries of the
Endowment are Eli Papouchado and his sons, Yoav Papouchado and Avner
Papouchado, and the secondary beneficiaries are the children of Yoav
and Avner. The remaining 2% of the shares in APY are held by Yoav and
Avner Papouchado respectively (1% each). APY and its subsidiaries are
part of an international construction, hotel and real estate group (the
"Red Sea Group") that was founded by Eli Papouchado. Alongside Euro Plaza,
Eli Papouchado is also deemed to be interested in: (a) 22,417 Ordinary
Shares held by Red Sea Club Limited, an intermediate subsidiary of APY
and holding company of Euro Plaza; and (b) 1,530,000 Ordinary Shares
held by A.A. Papo Trust Company Limited, a company which is wholly-owned
by Eli Papouchado, acting in its capacity as the sole trustee of an endowment
whose main beneficiary is Eli Papouchado's daughter, Eliana Papouchado.
Place of completion Herzliya 4672835, Israel
Date of completion 12/09/2019
--------------------------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the PPHE Hotel Group Limited
underlying issuer of existing shares
to which voting rights are attached(ii)
:
-------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer X
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify)(iii) :
----
3. Details of person subject to the notification obligation(iv)
Name A.A. Papo Trust Company Limited
(acting in its capacity as sole trustee
of an endowment whose main beneficiary
is Eliana Papouchado)
City and country of registered office Israel
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
-------------------------------------------------
City and country of registered office
(if applicable)
-------------------------------------------------
5. Date on which the threshold was 11/09/2019
crossed or reached(vi) :
-------------------------------------------------
6. Date on which issuer notified 12/09/2019
(DD/MM/YYYY):
-------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------ ---------------------- ---------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 3.61% 0% 3.61% 42,398,188
------------------ ---------------------- ---------------- --------------------
Position of
previous notification
(if
applicable) 5.19% 0% 5.19%
------------------ ---------------------- ---------------- --------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
-----------------------------
GG00B1Z5FH87/PPH 1,530,000 3.61%
------------------------ ----------------------------- ------------------------- ---------------------
SUBTOTAL 8. A 1,530,000 3.61%
------------------------------------------------------- ------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion Period(xi) rights that may rights
be acquired if
the instrument
is
exercised/converted.
----------- ----------------------------------- -------------------------------- ---------------------
SUBTOTAL 8. B 1
----------------------------------- -------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
------------------ ---------------------- ----------------------- --------------------
SUBTOTAL 8.B.2
----------------------- --------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both
if it equals through financial if it equals
or is higher instruments if it or is higher
than the notifiable equals or is higher than the notifiable
threshold than the notifiable threshold
threshold
--------------------- --------------------- -----------------------
Mr Eli Papouchado
--------------------- --------------------- -----------------------
A.A. Papo Trust Company
Limited(1) 3.61% 0% 3.61%
--------------------- --------------------- -----------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
----------------------------------------------
The number and % of voting rights held
----------------------------------------------
The date until which the voting rights
will be held
----------------------------------------------
11. Additional information(xvi)
(1) A.A. Papo Trust Company Limited ("AA") is a company which is wholly-owned
by Eli Papouchado, acting in its capacity as the sole trustee of an endowment
whose main beneficiary is Eli Papouchado's daughter, Eliana Papouchado.
Alongside AA, Eli Papouchado is also deemed to be interested in: (a)
12,207,843 Ordinary Shares held by Euro Plaza Holdings B.V., and (b)
22,417 Ordinary Shares held by Red Sea Club Limited.
Place of completion Herzliya 4672835, Israel
Date of completion 12/09/2019
-------------------------
Enquiries
PPHE Hotel Group Limited +31 20 717 8600
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President of
Commercial & Corporate Affairs
Tulchan +44 207 353 4200
Jessica Reid / David Allchurch
Notes to editors
PPHE Hotel Group Limited, is an international hospitality real
estate company, with a GBP1.7 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(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.
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
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.
END
HOLEAANAFFNNEFF
(END) Dow Jones Newswires
September 12, 2019 08:21 ET (12:21 GMT)
Pphe Hotel (LSE:PPH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Pphe Hotel (LSE:PPH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
