PPHE Hotel Group Limited

Major Shareholding Notification • Jun 4, 2015

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RNS Number : 2789P

PPHE Hotel Group Limited

04 June 2015

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			PPHE HOTEL GROUP LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				✓
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		ELI PAPOUCHADO
4. Full name of shareholder(s) (if different from 3.):iv		N/A
5. Date of the transaction and date on which the threshold is crossed or reached: v		DATE OF THE TRANSACTION: 4 JUNE 2015 DATE ON WHICH THE THRESHOLD IS CROSSED: 4 JUNE 2015
6. Date on which issuer notified:		4 JUNE 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
ORDINARY SHARES	N/A			N/A			N/A		N/A		18,552,714	N/A			44.233%
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B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
N/A			N/A		N/A					N/A				N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
N/A		N/A		N/A		N/A			N/A				Nominal			Delta
N/A			N/A
Total (A+B+C)
Number of voting rights								Percentage of voting rights
18,552,714 (indirect)								44.233% (indirect)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
ELI PAPOUCHADO'S INDIRECT VOTING RIGHTS ARE HELD AS FOLLOWS: (A) 16,330,297 VOTING RIGHTS HELD BY EURO PLAZA HOLDINGS B.V., WHICH IS A WHOLLY OWNED SUBSIDIARY OF SOUTHERN HOTELS HOLDINGS & INVESTMENTS ISRAEL B.V., WHICH IS A WHOLLY OWNED SUBSIDIARY OF RED SEA CLUB LIMITED, WHICH IS A WHOLLY OWNED SUBSIDIARY OF RED SEA HOTELS LIMITED, 68% OF WHICH IS OWNED BY A.P.Y. INVESTMENTS & REAL ESTATE LTD ("APY") AND 32% BY RED SEA CLUB LIMITED. ELI PAPOUCHADO OWNS 98% OF THE SHARES IN APY AS TRUSTEE OF AN ENDOWMENT, THE PRIMARY BENEFICIARIES OF WHICH ARE ELI PAPOUCHADO AND HIS SONS, YOAV AND AVNER PAPOUCHADO. (B) 22,417 VOTING RIGHTS HELD BY RED SEA CLUB LIMITED (SEE CHAIN ABOVE). (C) 2,200,000 VOTING RIGHTS HELD BY A.A. PAPO TRUST COMPANY LIMITED (AS SOLE TRUSTEE OF A TRUST WHOSE MAIN BENEFICIARY IS ELI PAPOUCHADO'S DAUGHTER ELIANA PAPOUCHADO). ELI PAPOUCHADO OWNS 100% OF THE SHARES IN A.A. PAPO TRUST COMPANY LIMITED.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	THE TRANSFER WAS MADE PURSUANT TO A CONTRACT ENTERED INTO BETWEEN ELI PAPOUCHADO AND A.A. PAPO TRUST COMPANY LIMITED ACTING IN ITS CAPACITY AS TRUSTEE OF A TRUST WHOSE MAIN BENEFICIARY IS ELIANA PAPOUCHADO DATED 4 JUNE 2015
14. Contact name:	ELI PAPOUCHADO
15. Contact telephone number:	+972-9-971-7400

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