Exercise of Options

25 Oct 2007 08:21

Peel Hotels PLC25 October 2007 Peel Hotels PLC 25 October 2007 PEEL HOTELS PLC Directors' Dealings - Exercise of Options The Company announces that its Executive Chairman, Robert Peel, yesterdayexercised options to subscribe for an aggregate of 1,000,000 new ordinary sharesin the capital of Peel Hotels plc. The Options had been granted by the Company to Mr Peel in February 1998 inanticipation of the Company's flotation on the AIM Market and were options over250,000 shares at 25 pence per share, 250,000 shares at 50 pence per share,250,000 shares at 75 pence per share, and 250,000 shares at 100 pence per share. Application has been made for the 1,000,000 new ordinary shares issued inconnection with the exercise of share options to be admitted to trading on AIM.It is expected that admission will take place on 30th October 2007. The new ordinary shares will rank pari passu in all respects with the existingordinary shares Peel Hotels plc Robert Peel, Chairman, - 020 7286 6823 Nominated Adviser KBC Peel Hunt Ltd - Capel Irwin / Nicholas Marren - 020 7418 8900 This information is provided by RNS The company news service from the London Stock Exchange