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Director's Dealing

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By LSE RNS

RNS Number : 7770G
Action Hotels PLC
01 June 2017
 

This announcement contains inside information

 

Action Hotels plc

 

("Action Hotels" or the "Company")

 

Director's Dealing

 

Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia announces that is has been notified that Alain Debare, Chief Executive Officer of Action Hotels, has acquired 176,438 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 44.0 pence per Ordinary Share on 31 May 2017.

 

Following the transaction Alain Debare is interested in 430,374 Ordinary Shares representing approximately 0.29 per cent. of the Company's issued ordinary share capital.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alain Debare

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Action Hotels plc

b)

LEI

213800BGD9TEXUTCQ647

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 instrument, type of instrument

Identification code

Ordinary shares of £0.10

 

AHCG ISIN: JE00BFZD1492

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

44.0p

176,438

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

31 May 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

For more information contact:

 

Action Hotels PLC

Tel: +44 (0) 20 7907 9663

Alain Debare, Chief Executive Officer


Katie Shelton, Director of Corporate Affairs


 

Zeus Capital Limited (Nomad and Broker)


Dan Bate/Jonny Sharp

Tel: +44 (0) 161 831 1512

Victoria Ayton

Tel: +44 (0) 20 3829 5000

                                               

Camarco (Press enquiries)

Tel: +44 (0) 20 3757 4994

Jennifer Renwick/ Tom Huddart


 

 

Notes to Editors

 

Action Hotels PLC

 

Action Hotels PLC is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has 12 completed hotels with 2,181 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.

More information is available at http://www.actionhotels.com/

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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