6 December 2019
ON THE BEACH GROUP PLC
(the "Company")
Symbol: OTB
Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
The Company provides notification of the following transactions, effected on 5 and 6 December 2019, relating to the PDMRs named below and in respect of ordinary shares of 1 pence each in the capital of the Company ("Shares").
The transactions arise in respect of the exercise of nil-cost options over Shares granted on 26 May 2017 under the On the Beach Group plc Long Term Incentive Plan and the subsequent sale of the Shares.
PDMR |
Number of Shares on exercise of share option and subsequently sold |
Bill Allen |
18,220 |
Oliver Garner |
14,462 |
Kirsteen Vickerstaff |
3,288 |
The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Bill Allen |
2. |
Reason for the notification |
a) |
Position / status |
PDMR: Chief Supply Officer |
b) |
Initial notification / amendment |
Initial Notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
On the Beach Group plc |
b) |
LEI |
213800K51Y9BZY7F9R69 |
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 of the financial instrument Identification code |
Ordinary shares of 1 pence GB00BYM1K758 |
b) |
Nature of the transaction |
Exercise of option granted under the On the Beach Group plc Long Term Incentive Plan and sale of resulting shares |
c) |
Price(s) and volume(s) |
Exercise of option |
Price(s) |
Volume(s) |
nil |
18,220 |
Sale of shares |
Price(s) |
Volume(s) |
448.6p per share |
18,220 |
|
d) |
Aggregated information - Aggregated volume - Price |
As above |
e) |
Date of the transaction |
Exercise of option: 5 December 2019 Sale of shares: 6 December 2019 |
f) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Oliver Garner |
2. |
Reason for the notification |
a) |
Position / status |
PDMR: Chief Executive Officer of Classic Collection Holidays |
b) |
Initial notification / amendment |
Initial Notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
On the Beach Group plc |
b) |
LEI |
213800K51Y9BZY7F9R69 |
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 of the financial instrument Identification code |
Ordinary shares of 1 pence GB00BYM1K758 |
b) |
Nature of the transaction |
Exercise of option granted under the On the Beach Group plc Long Term Incentive Plan and sale of resulting shares |
c) |
Price(s) and volume(s) |
Exercise of option |
Price(s) |
Volume(s) |
nil |
14,462 |
Sale of shares |
Price(s) |
Volume(s) |
448.6p per share |
14,462 |
|
d) |
Aggregated information - Aggregated volume - Price |
As above |
e) |
Date of the transaction |
Exercise of option: 5 December 2019 Sale of shares: 6 December 2019 |
f) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Kirsteen Vickerstaff |
2. |
Reason for the notification |
a) |
Position / status |
General Counsel and Company Secretary |
b) |
Initial notification / amendment |
Initial Notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
On the Beach Group plc |
b) |
LEI |
213800K51Y9BZY7F9R69 |
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 of the financial instrument Identification code |
Ordinary shares of 1 pence GB00BYM1K758 |
b) |
Nature of the transaction |
Exercise of option granted under the On the Beach Group plc Long Term Incentive Plan and sale of resulting shares |
c) |
Price(s) and volume(s) |
Exercise of option |
Price(s) |
Volume(s) |
nil |
3,288 |
Sale of shares |
Price(s) |
Volume(s) |
448.6p per share |
3,288 |
|
d) |
Aggregated information - Aggregated volume - Price |
As above |
e) |
Date of the transaction |
Exercise of option: 5 December 2019 Sale of shares: 6 December 2019 |
f) |
Place of the transaction |
London Stock Exchange |
For further information:
On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, Chief Financial Officer |
c/o FTI Consulting |
|
FTI Consulting Jonathon Brill Alex Beagley Fiona Walker |
Tel: +44 (0)20 3727 1000 |
|
--ENDS--
