Action Hotels LON:AHCG, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia announces that is has been notified that Sheikha Alya Saleh Farid Mohamed Alawlaqi, wife of Non Executive Chairman Sheikh Mubarak A. M. Al-Sabah, purchased 3,500 Action Hotels ordinary shares of 10 pence each (“Ordinary Shares”) on 7 August 2017 at a price of 40p per Ordinary Share.
Following the transaction Sheikha Alya Saleh Farid Mohamed Alawlaqi is interested in 104,800 Ordinary Shares representing approximately 0.07 per cent. of the Company’s issued ordinary share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging
managerial responsibilities
/ person closely associated
--- ----------------------------------------------
a) Name Sheikha Alya Saleh
Farid Mohamed Alawlaqi
--- ------------------ --------------------------
2 Reason for the notification
--- ----------------------------------------------
a) Position/status Wife of Non Executive
Chairman Sheikh Mubarak
A. M. Al Sabah
--- ------------------ --------------------------
b) Initial Initial notification
notification
/Amendment
--- ------------------ --------------------------
3 Details of the issuer, emission
allowance market participant,
auction platform, auctioneer
or auction monitor
--- ----------------------------------------------
a) Name Action Hotels plc
--- ------------------ --------------------------
b) LEI 213800BGD9TEXUTCQ647
--- ------------------ --------------------------
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 Ordinary shares of
of the financial GBP0.10
instrument,
type of AHCG ISIN: JE00BFZD1492
instrument
Identification
code
--- ------------------ --------------------------
b) Nature of Purchase of Ordinary
the transaction Shares
--- ------------------ --------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
40p 3,500
--------- ----------
--- ------------------ --------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ------------------ --------------------------
e) Date of 7 August 2017
the transaction
--- ------------------ --------------------------
f) Place of London Stock Exchange,
the transaction AIM
