Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, announces that Mubarak A M Al-Sabah, Non-executive Chairman of Action Hotels, purchased 1,476,662 ordinary shares of 10 pence each on 21 January 2016 at a price of 48p per Ordinary Share from Rawaf I Bourisli, a Director of Action Hotels.
Following this transaction:
— Mubarak A M Al-Sabah is interested in 97,062,310 Ordinary Shares representing approximately 65.74 per cent. of the Company’s issued ordinary share capital; and
— Rawaf I Bourisli is interested in 1,143,384 Ordinary Shares representing approximately 0.77 per cent. of the Company’s issued ordinary share capital.