Action Hotels Chairman purchases more shares in the company

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
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