3 Sep 2019 16:38
easyHotel plc
(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Further to the announcement on 15 August 2019 by Citrus UK Bidco Limited ("Bidco") of a recommended mandatory cash offer for the Company (the "Offer") and the subsequent announcement on 23 August 2019 by Bidco that the Offer was wholly unconditional, pursuant to the terms of the proposals by Bidco to participants of the easyHotel Share Plans, Guy Parsons, Chief Executive Officer, exercised options in respect of 398,347 ordinary shares of 1 pence each ("Ordinary Shares") under the 2015 Performance Share Plan and in respect of 14,140 Ordinary Shares under the 2017 Sharesave Plan. Such Ordinary Shares will be accepted into the Offer.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| GUY PAUL CUTHBERT PARSONS
| |||
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
| EASYHOTEL PLC | |||
b)
| LEI
| 213800B35EIIHXVVSA50 | |||
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 | EASYHOTEL PLC ORDINARY SHARES OF 1P EACH | |||
Identification code | ISIN: GB00BN56KF84 | ||||
b)
| Nature of the transaction
| EXERCISE OF OPTIONS OVER ORDINARY SHARES UNDER THE EASYHOTEL PLC 2015 PERFORMANCE SHARE PLAN AND 2017 SHARESAVE PLAN AND ACCEPTANCE OF 95P CASH OFFER FOR SHARES | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.71 | 359,281 | ||||
£0.00 | 39,066 | ||||
£0.884 | 14,140 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 2 SEPTEMBER 2019 | |||
f)
| Place of the transaction
| LONDON | |||
Enquiries:
easyHotel plc | |
Guy Parsons, Chief Executive Officer | www.easyhotel.com |
Gary Burton, Chief Financial Officer | http://ir.easyhotel.com |
Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 5970 |
David Anderson
| |
Houston PR (Financial PR) | +44 (0) 20 3701 7660 |
Kate Hoare Polly Fairbank |