Sagicor Financial Co Ltd. - May 25, 2022 Form 4/A - Amendment Insider Report for Playa Hotels & Resorts N.V. (PLYA)

Role: Director
Signature: Sagicor Financial Company Ltd., By: /s/ Dodridge D. Miller, Dodridge D. Miller, Group President & Chief Executive Officer
Stock symbol: PLYA
Transactions as of: May 25, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/1/2022, 09:33 PM
Date Of Original Report: May 27, 2022
Previous filing: Dec 3, 2021
Next filing: Jun 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PLYA	Ordinary Shares, par value (euro) 0.10 per share						10.8M	May 25, 2022	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 27, 2022, the Reporting Persons filed a Form 4 which inadvertently reported that the Reporting Persons were ten percent owners of Playa Hotels & Resorts N.V. (the "Issuer"). The Form 4 is amended to reflect that both Reporting Persons may be deemed to be "directors by deputization" of the Issuer, but are not 10% owners. Mahmood Khimji ("Khimji") is Chairman of Sagicor Financial Company Ltd. ("New Sagicor"). Pursuant to the Shareholder Agreement dated as of May 31, 2018 (the "2018 Shareholder Agreement"), among the Issuer, New Sagicor and its affiliates (collectively "Sagicor"), Sagicor designated Khimji for election to the Issuer's board of directors, and he was elected to serve a one-year term on May 12, 2022. As a result, the Reporting Persons may be deemed to be "directors by deputization" of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
F2	The 10,751,451 ordinary shares reported in column 5 are held directly by Sagicor Financial Corporation Limited, a wholly owned direct subsidiary of the New Sagicor.

Content

On May 27, 2022, the Reporting Persons filed a Form 4 which inadvertently reported that the Reporting Persons were ten percent owners of Playa Hotels & Resorts N.V. (the "Issuer"). The Form 4 is amended to reflect that both Reporting Persons may be deemed to be "directors by deputization" of the Issuer, but are not 10% owners. Mahmood Khimji ("Khimji") is Chairman of Sagicor Financial Company Ltd. ("New Sagicor"). Pursuant to the Shareholder Agreement dated as of May 31, 2018 (the "2018 Shareholder Agreement"), among the Issuer, New Sagicor and its affiliates (collectively "Sagicor"), Sagicor designated Khimji for election to the Issuer's board of directors, and he was elected to serve a one-year term on May 12, 2022. As a result, the Reporting Persons may be deemed to be "directors by deputization" of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

The 10,751,451 ordinary shares reported in column 5 are held directly by Sagicor Financial Corporation Limited, a wholly owned direct subsidiary of the New Sagicor.