PDMR Notification
Updated : 16:37
Director/PDMR Shareholding
2 April 2020
PPHE Hotel Group Limited (the "Company") PDMR Notification
The Company announces that on 2 April 2020 it was notified of the following transaction in the Company's shares between persons closely associated with Mr Eli Papouchado.
1 |
Details of the person discharging managerial responsibilities/person closely associated | |
a) |
Name |
Euro Plaza Holdings B.V. ("Euro Plaza") |
2 |
Reason for the notification | |
a) |
Position/status |
Euro Plaza is a person closely associate with Eli Papouchado (Non-Executive Chairman of the Board of Directors) |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) |
Name |
PPHE Hotel Group Limited |
b) |
LEI |
2138003H1BZGR6KM5823 |
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 no par value
GG00B1Z5FH87/PPH |
b) |
Nature of the transaction | Euro Plaza grants to Bank Hapoalim B.M. a security interest over 5,000,000 shares as security for a loan to its indirect parent company (the New Loan). The new security interest replaces existing security over 10,000,000 shares (Existing Security), which was granted by Euro Plaza as security for a guarantee by Euro Plaza of a previous loan (the Previous Loan) (in an amount ca. double the New Loan) granted by a subsidiary of the new lender to Euro Plaza's parent company. The Previous Loan has been repaid in full and the Existing Security has been released.
|
c) | Price(s) and volume(s) |
Price N/A 5,000,000 shares
|
d) |
Aggregated information
- Aggregated volume
- Price |
5,000,000 shares Price N/A
|
e) |
Date of the transaction |
2 April 2020
|
f) |
Place of the transaction |
Herzliya 4672835, Israel
|
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