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9 Apr 2018 08:50
Action Hotels plc
("Action Hotels" or the "Company")
Director's Dealing
Further to the announcement made on 28 March 2018, the Company was notified on 5 April 2018 that the purchase of 9,715,463 Action Hotels ordinary shares of 10 pence each ("Ordinary Shares") by Action Real Estate Co. K.S.C.C from Blakeney LLP was executed on 5 April 2018 at a price of 23p per Ordinary Share.
Following this transaction, Sheikh Mubarak A. M. Al Sabah has an interest in 107,026,079 (of which 1,724,968 are held directly and the balance are held by Action Group Holding Company K.S.C.C and its subsidiaries) Ordinary Shares, representing approximately 72.49 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 | Action Real Estate Co. K.S.C.C. | ||||
2 | Reason for the notification | |||||
a) | Position/status | Sheikh Mubarak A. M. Al Sabah (a director of the Action Hotels plc) is a director and a major shareholder of Action Real Estate Co. K.S.C.C. | ||||
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)
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d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 5 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For more information:
Action Hotels PLC Andrew Lindley, Chief Financial OfficerKatie Shelton, Director of Corporate Affairs | Tel: +44 (0) 20 7907 9663
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WH Ireland Limited Adrian HaddenJessica Cave Alex Bond | Tel: +44 (0) 20 7220 1666 |
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