MLC.L

Millennium & Copthorne Hotels Plc
Millennium & Copthor - Director/PDMR Shareholding
17th September 2019, 16:04
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RNS Number : 6725M
Millennium & Copthorne Hotels PLC
17 September 2019
 

For Immediate Release                                                                                                  17 September 2019

 

                              MILLENNIUM & COPTHORNE HOTELS PLC ("THE COMPANY")

NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR'S") AND PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA'S")

Provided in accordance with Article 19.3 of the EU Market Abuse Regulation No. 596/2014

                                           LEI Number: 2138003EQ1O4LZ1JNH19

 

Further to the announcement on 12 September 2019 that the cash offer made on 7 June 2019 by Agapier Investments Limited ("Bidco") (a company indirectly and wholly-owned by City Developments Limited ("CDL")) for 685 pence per Millennium & Copthorne Hotels plc ("M&C") share for the entire issued and to be issued ordinary share capital of M&C not already owned by CDL and its subsidiaries (and persons acting in concert with them) (the "Final Offer") has been declared wholly unconditional, the following PDMR's and, in certain instances, PCA's with them, have accepted the Final Offer - in each case in respect of their entire shareholding:

Further details of each transaction are included in the table below.

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Lawrence Yip

2.

Reason for the notification

a)

Position/status

Senior Vice President, North Asia

b)

Initial notification/ Amendment

Initial notification

3.

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

a)

Full Name of the Legal Enity

Millennium & Copthorne Hotels plc

b)

LEI

2138003EQ104LZ1JNH19

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 30p each

 

b)

Identification code

GB0005622542

c)

Nature of the transaction

Disposal of shares to accept the Final Offer.

 d)

Price(s) and volume(s)

 

Price(s)

Volume(s)

6.85

29,606

 

e)

Aggregated information

-     Aggregated volume

-     Price

See 4.e) above

 

f)

Date of the transaction

12 September 2019

g)

Place of the transaction

London Stock Exchange Main Market (XLON)
       

 

 


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