Sagicor Financial Co Ltd. - 13 Jun 2022 Form 4 Insider Report for Playa Hotels & Resorts N.V. (PLYA)

Role
Director
Signature
Sagicor Financial Company Ltd., By: /s/ Dodridge D. Miller
Issuer symbol
PLYA
Transactions as of
13 Jun 2022
Net transactions value
+$1,508,000
Form type
4
Filing time
15 Jun 2022, 18:57:57 UTC
Previous filing
01 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLYA Ordinary Shares, par value (euro) 0.10 per share Purchase $1,508,000 +200,000 +1.9% $7.54 10,951,451 13 Jun 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 This price reported in Column 4 is a weighted average price of the 200,000 shares purchased on 6/13/2022. These shares were purchased in multiple transactions at prices ranging from $7.38 to $7.66, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote
F2 The 10,951,451 ordinary shares reported in column 5 are held directly by Sagicor Financial Corporation Limited, a wholly owned direct subsidiary of the Sagicor Financial Company Ltd. ("New Sagicor").

Remarks:

Mahmood Khimji ("Khimji") is Chairman of 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.