TIDMPPH

RNS Number : 5433N

PPHE Hotel Group Limited

20 May 2020

TR-1: S tandard 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 Ltd 
  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                                                         Clal Insurance Company Ltd. 
 City and country of registered office                        36 Raul Walenberg St., Tel Aviv 66180, 
  (if applicable)                                              Israel 
 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                           13/05/2020 
  crossed or reached (vi) : 
                                                             ---------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               20/05/2020 
                                                             ---------------------------------------------- 
 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               5.34%               0                       5.34%            5.34% 
                          ------------------  ----------------------  ---------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              4.73%               0                       4.73% 
                          ------------------  ----------------------  ---------------  -------------------- 
 
 
 
 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                             % of voting rights 
  shares             (ix) 
  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       0                       2,267,859                   0                          5.34 % 
                   ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                          2,267,859                                           5.34 % 
                   --------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                       Number of voting                  % of voting 
  financial          date         Conversion Period               rights that may                   rights 
  instrument         (x)          (xi)                            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                          X 
  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 
  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 
                         if it equals or        through financial        it equals or is 
                       is higher than the       instruments if it        higher than the 
                      notifiable threshold     equals or is higher     notifiable threshold 
                                               than the notifiable 
                                                    threshold 
                    -----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                     N/A 
                                             ----------------------------------------------- 
 The number and % of voting rights            N/A 
  held 
                                             ----------------------------------------------- 
 The date until which the voting rights       N/A 
  will be held 
                                             ----------------------------------------------- 
 
 11. Additional information (xvi) 
 Of total of 2,267,859 ordinary shares are held for members of the public 
  through, among others, provident funds and/or pension funds and/or insurance 
  policies, which are managed by Clal and subsidiaries of Clal (Clal Pension 
  and Provident funds Ltd. and Atudot Pension Fund for Workers & Independent 
  Workers Ltd.) which operates under independent management and make independent 
  voting and investment decisions. 
  The 2,267,859 ordinary shares represent 5.34% of the voting rights attached 
  to PPHE's shares (based on the total number of issued shares in PPHE 
  being 42,459,340 ordinary shares) 
 
 
 
 Place of completion   36 Raul Walenberg St., Tel Aviv 66180, Israel 
 Date of completion    20/05/2020 
                      ---------------------------------------------- 
 

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