EHG.L

Elegant Hotels Group Plc
Elegant Hotels Group - Director/PDMR Dealing and Total Voting Rights
6th December 2019, 12:39
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RNS Number : 0833W
Elegant Hotels Group PLC
06 December 2019
 

 

6 December 2019

 

Elegant Hotels Group plc

 

("Elegant", the "Company" or the "Group")

 

Director/PDMR Dealing and Total Voting Rights

 

Elegant Hotels, the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, today announces the exercise of share options by certain directors and employees of the Company over 2,847,282 ordinary shares of 1p each ("Ordinary Shares"). The options were issued under the Elegant Long-Term Incentive Plan and the Elegant Non-Employee Long-Term Incentive Plan and have been exercised at an exercise price of 1p each.

The details of the exercise of options by the Directors are set out below:

Initial Holding


Resultant Holding

Holder

Number of Ordinary Shares

Percentage of issued share capital

Options exercised

Number of Ordinary Shares

Percentage of issued share capital

Simon Sherwood

1,929,252

2.17%

106,572

2,035,824

2.22%

Sunil Chatrani

1,849,389

2.08%

798,993

2,648,382

2.89%

Jeff Singleton

-

-

363,491

363,491

0.40%

 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 9 December 2019. The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following Admission, the Company's issued and fully paid up share capital will comprise 91,663,071 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any shares in Treasury. The total number of voting rights in the Company is therefore 91,663,071.

The above figure of 91,663,071 may be used by shareholders as the denominator for the calculation 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 DTRs.

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

 

Simon Sherwood

2

 

Reason for the notification

 

a)

 

Position/status

 

Chairman

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

 

a)

 

Name

 

Elegant Hotels Group plc

b)

 

LEI

 

213800D12MXLLNJ9VR70

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 1p each

 

ISIN: GB00BWXSNY91

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

1 penny

106,572

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

 

 

e)

 

Date of the transaction

 

6 December 2019

f)

 

Place of the transaction  

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Sunil Chatrani

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

 

Elegant Hotels Group plc

b)

 

LEI

 

213800D12MXLLNJ9VR70

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 1p each

 

ISIN: GB00BWXSNY91

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

1 penny

798,993

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

 

 

e)

 

Date of the transaction

 

6 December 2019

f)

 

Place of the transaction  

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jeff Singleton

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

 

a)

 

Name

 

Elegant Hotels Group plc

b)

 

LEI

 

213800D12MXLLNJ9VR70

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 1p each

 

ISIN: GB00BWXSNY91

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

1 penny

363,491

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

 

 

e)

 

Date of the transaction

 

6 December 2019

f)

 

Place of the transaction  

 

Outside a trading venue

 

 

Enquiries:

Elegant Hotels Group plc
Simon Sherwood, Non-Executive Chairman

Sunil Chatrani, Chief Executive Officer

Jeff Singleton, Chief Financial Officer

 

+1 (246) 432 6500

Liberum Capital Limited

(Financial adviser, nominated adviser and broker to Elegant)

Clayton Bush

Chris Clarke

James Greenwood

Edward Phillips

William Hall

 

+44 (0) 203 100 2222

Powerscourt

(Financial PR to Elegant)
Rob Greening

Lisa Kavanagh

 

 

+44 (0) 207 250 1446

NOTES TO EDITORS:

Elegant Hotels owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of 2,600 feet.

Together, the Group's seven existing hotels - Colony Club, Treasure Beach, Tamarind, The House, Crystal Cove, Turtle Beach and Waves Hotel & Spa - offer styles encompassing classic and contemporary, family-friendly and adults-only.

Investor website: http://www.eleganthotelsgroup.com 

Consumer website: http://www.eleganthotels.com 

 


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