26 Jul 2019 10:56
26 July 2019
easyHotel plc
("easyHotel")
Grant of Sharesave Plan OptionsNotification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, announces that following a valid election from the Company's Chief Financial Officer, Gary Burton, to participate in the Company's all employee easyHotel 2017 Sharesave Plan, on 26 July 2019 options over the Company's ordinary shares of 1p each ("Ordinary Shares") were granted as follows:
Director | Number of Ordinary Shares under Option | Exercise Price per Ordinary Share |
Gary Burton | 30,405 | £0.592 |
Subject to the rules of the easyHotel 2017 Sharesave Plan, the options may be exercised at the end of the three year saving contract at the exercise price set out above. The expected maturity date of these options is 1 September 2022.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| GARY LEE BURTON | |||
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
| 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
| GRANT OF OPTION OVER ORDINARY SHARES UNDER THE EASYHOTEL 2017 SHARESAVE PLAN AT AN OPTION PRICE OF £0.88P PER SHARE | |||
c)
| Price(s) and volume(s) | ||||
Option Price(s) | Volume(s) | ||||
£0.592
| 30,405 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 30,405
| ||||
- Price | £17,999.76 | ||||
e)
| Date of the transaction
| 26 JULY 2019 | |||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | |||
Enquiries:
easyHotel plc | www.easyhotel.com |
Guy Parsons, Chief Executive Officer |
|
Gary Burton, Chief Financial Officer | http://ir.easyhotel.com |
|
|
|
|
Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 5970 |
David Anderson / Chris Treneman |
|
|
|
Houston PR (Financial PR) | +44 (0) 20 3701 7660 |
Hamish Thompson |
|
Kate Hoare |
|
Notes to Editors:
www.easyhotel.com http://ir.easyhotel.com
easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the super budget segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers.
Operating hotels
easyHotel's twelve owned hotels currently comprise [1,340] rooms, and it has a further 26 franchised hotels with [2,291] rooms.
Owned hotels:
United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich and Milton Keynes.
Spain: Barcelona
Franchise locations:
United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.
Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht,), Portugal (Lisbon), Switzerland (Basel, Zurich).
International: UAE (Dubai).
Hotel development pipeline
The Company's committed development pipeline of owned and franchised hotels currently consists of:
Owned hotels:
United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge*# and Bristol#.
Europe: Ireland (Dublin#), France (Paris-Charles de Gaulle Airport*#).
Franchise hotels:
Europe: Spain (Malaga), Switzerland (Zurich, Basel).
International: Iran, Sri Lanka, Turkey (Istanbul), UAE (Dubai).
*Hotels under an operating lease.
#Subject to planning permission.