TIDMPPH

RNS Number : 1608M

PPHE Hotel Group Limited

12 September 2019

12 September 2019

PPHE Hotel Group Limited (the "Company")

PDMR Notification

The Company announces that on 12 September 2019 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. 
     ---------------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                    Person closely associate with Eli 
                                          Papouchado (Non-Executive Chairman 
                                          of the Board of Directors) 
     ---------------------------------  ------------------------------------- 
 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                                2138003H1BZGR6KM5823 
     ---------------------------------  ------------------------------------- 
 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       Ordinary shares of no par value 
       instrument, type of instrument     GG00B1Z5FH87/PPH 
       Identification code 
     ---------------------------------  ------------------------------------- 
 b)   Nature of the transaction          Purchase of shares 
     ---------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)      Volume(s) 
                                           GBP16 
                                            per share    670,000 
                                                        ---------- 
     ---------------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                 Total number of shares purchased: 
       - Price                             670,000 
                                           GBP10,720,000 
     ---------------------------------  ------------------------------------- 
 e)   Date of the transaction            12 September 2019 
     ---------------------------------  ------------------------------------- 
 f)   Place of the transaction           Herzliya 4672835, Israel 
     ---------------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              A.A. Papo Trust Company Limited 
     --------------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                   Person closely associate with Eli 
                                         Papouchado (Non-Executive Chairman 
                                         of the Board of Directors) 
     --------------------------------  --------------------------------------- 
 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                               2138003H1BZGR6KM5823 
     --------------------------------  --------------------------------------- 
 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      Ordinary shares of no par value 
       instrument, type of instrument    GG00B1Z5FH87/PPH 
       Identification code 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Sale of shares 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)      Volume(s) 
                                          GBP16 
                                           per share    670,000 
                                                       ---------- 
     --------------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                Total number of shares sold: 670,000 
       - Price                            GBP10,720,000 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           12 September 2019 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Herzliya 4672835, Israel 
     --------------------------------  --------------------------------------- 
 

Enquiries:

 
PPHE Hotel Group Limited 
Daniel Kos, Chief Financial Officer & Executive Director       Tel: +31 20 717 8600 
 
 Robert Henke, Executive Vice President of Corporate Affairs 
 
  Tulchan 
David Allchurch / Will Palfreyman                              0207 353 4200 
 

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

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September 12, 2019 08:22 ET (12:22 GMT)

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