Business
Exercise of Options and PDMR Notification
Exercise of Options and PDMR Notification.
About this update from Pphe Hotel Group Limited
[{"type":"text","content":"\n \nRNS Number : 9888R PPHE Hotel Group Limited 27 September 2017 \n\n27 September 2017\n \n \nPPHE Hotel Group Limited (the \"Company\")\n \nExercise of Options and PDMR Notification\n \nThe Company announces that in order to satisfy an exercise of share options held by eight employees and Chen Moravsky who is a person discharging managerial responsibilities as defined in the EU Market Abuse Regulation, or a \"PDMR\", by way of share appreciation rights, on 25 September 2017, the board of directors of the Company approved the issue and allotment of 109,306 ordinary shares of no par value each in the Company. On 26 September 2017, the board of directors of the Company approved the issue and allotment of a further 4,000 ordinary shares of no par value each in the Company subject to and conditional upon Admission (as defined below), as follows:\n \n· 70,000 ordinary shares in favour of Mr Moravsky at an exercise price of 233.5 pence each. Following the issue, Mr Moravsky's interest in the Company is 305,000 ordinary shares representing 0.69 per cent. of the issued ordinary share capital. \n \n· 43,306 ordinary shares in favour of eight employees at an exercise price of 100 pence each. \n \nThe options at an exercise price of 100 pence were granted under the Company's share option plan on 27 September 2007 and those at an exercise price of 233.5 pence were granted on 15 November 2012. Once issued, these shares will rank pari passu with the Company's existing shares. 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 of 109,306 shares is expected to take place tomorrow and Admission of 4,000 shares is expected to take place on Friday 29 September 2017.\n \nEffective from 28 September 2017, the total number of shares in issue will be 44,221,706 with 1,862,000 Shares held in treasury. Each share carries one vote and therefore the total number of voting rights in the Company will be 42,359,706.\n \nEffective from 29 September 2017, the total number of shares in issue will be 44,225,706 with 1,862,000 Shares held in treasury. Each share car...