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 Non Executive Chairman Sheikh Mubarak A. M. Al-Sabah, purchased 66,700 Action Hotels ordinary shares of 10 pence each on 14 August 2017 at a price of 40.25p per Ordinary Share.
Following this transaction, Sheikh Mubarak A. M. Al Sabah has an interest in 97,305,616 (1,719,968 directly and the balance held by Action Group Holding Company (K.S.C.C)) ordinary shares of 10 pence each, representing approximately 65.91 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 Sheikh Mubarak A. M.
Al Sabah
--- ------------------ --------------------------
2 Reason for the notification
--- ----------------------------------------------
a) Position/status Non-Executive Chairman
--- ------------------ --------------------------
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) --------- ----------
40.25p 66,700
