Holding(s) in Company

PPHE Hotel

24/04/2025 07:00

RNS Number : 9468F

PPHE Hotel Group Limited

24 April 2025

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
PPHE Hotel Group Limited
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
X
2. Reason for the notification(please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligationiv
Name
Red Sea Club Limited
City and country of registered office (if applicable)
Herzliya, Israel
4. Full name of shareholder(s)(if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:
22/04/2025
6. Date on which issuer notified (DD/MM/YYYY):
23/04/2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% ofvoting rights throughfinancial instruments
 (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B)vii
Resulting situation on the date on which threshold was crossed or reached
0%
0%
0%
0
Position of previous notification (if
applicable)
28.79%
0%
28.79%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
 shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GG00B1Z5FH87/PPH
0
0
0%
0%
SUBTOTAL 8. A
0
0%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Physical or cash
Settlementxii
Number of voting rights
% of voting rights
SUBTOTAL 8.B.2


 

9. Information in relation to the person subject to the notification obligation(please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)xiv
X
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Mr Eli Papouchado (in his capacity as trustee of the Endowment)
29.23%
0%
29.23%
A.P.Y. Investments & Real Estate Ltd
0%
0%
0%
Red Sea Hotels Ltd
0%
0%
0%
Red Sea Club Ltd1
0%
0%
0%
10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
1Red Sea Club Ltd has transferred its direct and indirect holdings in PPHE Hotel Group Limited to Eli Papouchado. These direct and indirect interests are now held by Eli Papouchado as trustee of an endowment created under Israeli law which he formed in 1998 (the "Endowment"). The primary beneficiaries of the Endowment are Eli Papouchado and his son, Yoav Papouchado, and the secondary beneficiaries are the children of Yoav. APY and its subsidiaries are part of an international construction, hotel and real estate group (the "Red Sea Group") that was founded by Eli Papouchado.


 

Place of completion
Herzliya 4672835, Israel
Date of completion
22/04/2025

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
PPHE Hotel Group Limited
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
X
2. Reason for the notification(please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligationiv
Name
Eli Papouchado (in his capacity as trustee of the Endowment)
City and country of registered office (if applicable)
4. Full name of shareholder(s)(if different from 3.)v
Name
Euro Plaza Holdings B.V.
City and country of registered office (if applicable)
Heerhugowaard, the Netherlands
5. Date on which the threshold was crossed or reachedvi:
22/04/2025
6. Date on which issuer notified (DD/MM/YYYY):
23/04/2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% ofvoting rights throughfinancial instruments
 (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B)vii
Resulting situation on the date on which threshold was crossed or reached
29.23%
0%
29.23%
12,230,260
Position of previous notification (if
applicable)
28.79%
0
28.79%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
 shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GG00B1Z5FH87/PPH
22,417
12,207,843
0.05%
29.18%
SUBTOTAL 8. A
12,230,260
29.23%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Physical or cash
Settlementxii
Number of voting rights
% of voting rights
SUBTOTAL 8.B.2


 

9. Information in relation to the person subject to the notification obligation(please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)xiv
X
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Mr Eli Papouchado (in his capacity as trustee of the Endowment)
29.23%
0%
29.23%
Southern - Moadon Partnership
29.18%
0%
29.18%
Southern Hotels Holding and Investment B.V.
29.18%
0%
29.18%
Euro Plaza Holdings B.V.1
29.18%
0%
29.18%
10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
1Euro Plaza Holdings B.V. ("Euro Plaza") is a wholly owned subsidiary of Southern Hotels Holding and Investment B.V. which in turn is a wholly owned subsidiary of Southern - Moadon Partnership ("Southern"). At the date hereof, 100% of the rights in Southern are held directly and indirectly by Eli Papouchado as trustee of an endowment created under Israeli law which he formed in 1998 (the "Endowment"). The primary beneficiaries of the Endowment are Eli Papouchado and his son, Yoav Papouchado, and the secondary beneficiaries are the children of Yoav. Southern and its subsidiaries are part of an international construction, hotel and real estate group (the "Red Sea Group") that was founded by Eli Papouchado.. Alongside Euro Plaza, Eli Papouchado is also deemed to be interested in: (a) 22,417 Ordinary Shares held in his capacity as trustee of the Endowment (which are included in the disclosure referenced above); and (b) 1,530,000 Ordinary Shares held by A.A. Papo Trust Company Limited, a company which is wholly-owned by Eli Papouchado, acting in its capacity as the sole trustee of an endowment whose main beneficiary is Eli Papouchado's daughter, Eliana Papouchado.


 

Place of completion
Herzliya 4672835, Israel
Date of completion
22/04/2025

 

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