REG - On the Beach Group - PDMR LTIP Awards

On Beach groupAnnouncement

10/07/2019 13:35

RNS Number : 1240F
On the Beach Group PLC
10 July 2019
 


10 July 2019
ON THE BEACH GROUP PLC
Symbol: OTB
 
 
PDMR LTIP Awards
 
The notifications below are all in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 1 pence each ("Shares") in the share capital of On the Beach Group plc.
 
On 9 July 2019, awards over Shares (the "Awards") were made under the On the Beach Group plc Long Term Incentive Plan (the "Plan"), consequently, the Share interests of the under-noted persons discharging managerial responsibility have changed following the making of the Awards.
 
The Awards, made for nil consideration, are nil-cost options established in accordance with the rules of the Plan and vesting is subject to stretching performance targets measured over the period to 30 September 2021. 
 
 



PDMR


Role


Number of Shares over which Awards made




Bill Allen


Chief Supply Officer


242,500




Oliver Garner


Chief International Officer


242,500




Stefan Nordin


Chief Technology Officer


200,000




Kirsteen Vickerstaff


General Counsel and Company Secretary


60,000



 
There were 131,152,820 Shares in issue at the time of this notification.
 
 
 



1.


Details of PDMR / person closely associated with them ("PCA")




a)


Name


BILL ALLEN
 
OLIVER GARNER
 
STEFAN NORDIN
 
KIRSTEEN VICKERSTAFF




2.


Reason for the notification




a)


Position / status


BILL ALLEN - CHIEF SUPPLY OFFICER
OLIVER GARNER - CHIEF INTERNATIONAL OFFICER
STEFAN NORDIN - CHIEF TECHNOLOGY OFFICER
KIRSTEEN VICKERSTAFF - 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


Awards made pursuant to the On the Beach Group plc Long Term Incentive Plan ("LTIP")




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil
Nil
Nil
Nil


BILL ALLEN - 242,500
 
OLIVER GARNER - 242,500
 
STEFAN NORDIN - 200,000
 
KIRSTEEN VICKERSTAFF - 60,000



 
 




d)


Aggregated information
-          Aggregated volume
-          Price


N/A




e)


Date of the transaction


9 July 2019




f)


Place of the transaction


Outside a trading venue



 




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