REG - On the Beach Group - Notification of transactions by PDMRs

On Beach groupAnnouncement

09/02/2023 17:00

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RNS Number : 5021P  On the Beach Group PLC  09 February 2023

9 February 2023

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 7
and 8 February 2023, 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 arose in respect of the exercise of nil-cost options which
were granted under the On the Beach Group plc Long Term Incentive Plan and the
subsequent sale / retaining of the Shares as specified below.

 

 PDMR           Role                      Grant date  Number of nil-cost options vested and exercised  Number of shares sold & price per share
 Bill Allen     Chief Supply Officer      21/12/2021  43,398                                           43,398 @ 171.48p
 Stefan Nordin  Chief Technology Officer  21/12/2021  57,786                                           57,786 @ 171.48p
 Adam Hansen    Chief Strategy Officer    21/12/2021  38,664                                           18,264* @ 171.48p
 Adam Hansen    Chief Strategy Officer    22/12/2020  36,000                                           17,008* @ 171.48p

 

*Adam Hansen sold sufficient of the resulting shares to cover the tax
liability generated on exercise

 

 

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

                                              Stefan Nordin

                                              Adam Hansen
 2.  Reason for the notification
 a)  Position / status                        Bill Allen: Chief Supply Officer

                                              Stefan Nordin: Chief Technology Officer

                                              Adam Hansen: Chief Strategy 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  Ordinary shares of 1 pence

     Identification code                      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)                   Bill Allen:

Exercise of option
                                              Price(s)           Volume(s)
                                              nil                43,398
                                              Sale of shares
                                              Price(s)           Volume(s)
                                              171.48p per share  43,398

 

                                              Stefan Nordin

Exercise of option
                                              Price(s)           Volume(s)
                                              nil                57,786
                                              Sale of shares
                                              Price(s)           Volume(s)
                                              171.48p per share  57,786

 

                                              Adam Hansen

Exercise of option
                                              Price(s)           Volume(s)
                                              nil                74,664
                                              Sale of shares
                                              Price(s)           Volume(s)
                                              171.48p per share  35,272
 d)  Aggregated information

     -     Aggregated volume

     -     Price                              As above

 e)  Date of the transaction                  Exercise of option: 7 February 2023

                                              Sale of shares: 8 February 2023
 f)  Place of the transaction                 London Stock Exchange

 

Stefan Nordin

 Exercise of option
 Price(s)           Volume(s)
 nil                57,786
 Sale of shares
 Price(s)           Volume(s)
 171.48p per share  57,786

 

Adam Hansen

 Exercise of option
 Price(s)           Volume(s)
 nil                74,664
 Sale of shares
 Price(s)           Volume(s)
 171.48p per share  35,272

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

As above

 

e)

Date of the transaction

Exercise of option: 7 February 2023

Sale of shares: 8 February 2023

f)

Place of the transaction

London Stock Exchange

 

For further information:

 

 On the Beach Group plc                  c/o FTI Consulting

 Simon Cooper, Chief Executive Officer   onthebeach@fticonsulting.com (mailto:onthebeach@fticonsulting.com)

 Shaun Morton, Chief Financial Officer

--ENDS--

 

 

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