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On the Beach Group - Notification of transactions by PDMR's

RNS Number : 0946W
On the Beach Group PLC
06 December 2019
 

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--


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Quick facts: On the Beach Group

Price: 191.295

Market: LSE
Market Cap: £251.01 m
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