REG - PPHE Hotel Grp Ltd - Holding(s) in Company
24/04/2025 07:02
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250424:nRSX9468Fa&default-theme=true
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 PPHE Hotel Group Limited
which voting rights are attached (ii):
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 obligation (iv)
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 reached (vi): 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) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 0% 0% 0% 0
Position of previous notification (if 28.79% 0% 28.79%
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (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 Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
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) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % 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 Total of both if it equals or is higher than the notifiable threshold
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 Ltd(1) 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 information (xvi)
(1) Red 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 PPHE Hotel Group Limited
which voting rights are attached (ii):
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 obligation (iv)
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 reached (vi): 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) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
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 28.79% 0 28.79%
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (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 Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
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) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % 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 Total of both if it equals or is higher than the notifiable threshold
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 information (xvi)
(1) Euro 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END HOLEAELDASKSEAARecent news on PPHE Hotel
See all newsREG - PPHE Hotel Grp Ltd - Q1 Trading Update
AnnouncementREG - PPHE Hotel Grp Ltd - Holding(s) in Company
AnnouncementREG - PPHE Hotel Grp Ltd - Publication of Arena Q1 Interim Financial Report
AnnouncementREG - PPHE Hotel Grp Ltd - Notice of Trading Update
AnnouncementREG - PPHE Hotel Grp Ltd - Holding(s) in Company
Announcement