PPHE Hotel Group Limited

Declaration of Voting Results & Voting Rights Announcements • Apr 5, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2679U

PPHE Hotel Group Limited

05 April 2016

5 April 2016

PPHE Hotel Group Limited

("PPHE Hotel Group" or the "Company")

Exercise of options

The Company announces that the board of directors of the Company approved earlier today the issue and allotment of 180,000 ordinary shares of no par value each ("Shares"), subject to and conditional on Admission (as defined below), in order to satisfy an exercise of the equivalent number of share options held by Mr. Andrew Swindells (a person discharging managerial responsibility as defined under the Financial Services and Markets Act 2000) (the "Options"). 30,000 Options were exercised at an exercise price of 100 pence each and were awarded under the Company's share option plan dated 27 September 2007. A further 150,000 Options were exercised at an exercise price of 233.5 pence each and were awarded under the Company's share option plan dated 15 November 2012.

An application has been made for the Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities ("Admission").  Admission is expected to take place on 8 April 2016.

Following the issue Mr. Swindell's interest in the Company will be 198,500 Shares representing 0.45 per cent. of the issued ordinary share capital.  He currently holds no further options over Shares under the Company's share option plans.

The issue and allotment of the Shares is conditional on Admission. Once issued, the Shares will rank pari passu with the Company's existing Shares

From 8 April 2016, the total number of Shares in issue will be 44,059,512 of which 1,862,000 Shares are held in treasury. Each Share carries the right to one vote and therefore, the total number of voting rights in the Company will be 42,197,512.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure Rules and Transparency Rules. Any changes to the above expectation will be announced to the market as required.

Enquiries:

PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief Executive Officer and Chief Financial Officer	Tel: +44 (0)20 7034 4800
Hudson Sandler Financial Public Relations
Wendy Baker / Katie Matthews	Tel: +44 (0)20 7796 4133

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCDMGGDKKVGVZM