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RNS Number : 7213O On the Beach Group PLC 04 October 2023
4 OCTOBER 2023
ON THE BEACH GROUP PLC
("On the Beach", the "Company" or the "Group")
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 3 October 2023, awards over Shares ("FY24 Awards") were made under the On
the Beach Group plc Long Term Incentive Plan ("LTIP"). The Awards, made for
nil consideration, are nil-cost options established in accordance with the
LTIP rules. There are no performance targets applicable to the Awards but
vesting is subject to continued employment.
Under the Directors' Remuneration Policy and LTIP rules, the Remuneration
Committee has discretion to adjust the vesting level of awards. In making its
assessment at the end of the vesting period, the Remuneration Committee will
take into account factors including (but not limited to) the shareholder
experience and to what extent the outcome incorporates any windfall gain which
may warrant adjustment.
PDMR Role Number of Shares over which Awards made
Shaun Morton Chief Executive Officer 409,441
Jon Wormald Chief Financial Officer 255,298
Zoe Harris Chief Marketing Officer 317,919
Adam Hansen Chief Strategy Officer 222,543
Bill Allen Chief Supply Officer 215,110
Kasia Michalska Chief Technology & Product Officer 260,115
Andy Freeth CEO, Classic Collection & Classic Package Holidays 240,847
Jennie Cronin Director of People 161,849
Kirsteen Vickerstaff General Counsel and Company Secretary 172,473
1. Details of PDMR / person closely associated with them ("PCA")
a) Name SHAUN MORTON
JON WORMALD
ZOE HARRIS
ADAM HANSEN
BILL ALLEN
KASIA MICHALSKA
ANDY FREETH
JENNIE CRONIN
KIRSTEEN VICKERSTAFF
2. Reason for the notification
a) Position / status SHAUN MORTON- CHIEF EXECUTIVE OFFICER
JON WORMALD - CHIEF FINANCIAL OFFICER
ZOE HARRIS- CHIEF MARKETING OFFICER
ADAM HANSEN - CHIEF STRATEGY OFFICER
BILL ALLEN- CHIEF SUPPLY OFFICER
KASIA MICHAELSKA - CHIEF TECHNOLOGY & PRODUCT OFFICER
ANDY FREETH - CEO, CLASSIC COLLECTION & CLASSIC PACKAGE HOLIDAYS
JENNIE CRONIN- DIRECTOR OF PEOPLE
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 Ordinary shares of 1 pence
Identification code 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 SHAUN MORTON - 409,441
Nil JOHN WORMALD - 255,298
Nil ZOE HARRIS - 317,919
Nil ADAM HANSEN - 222,543
Nil BILL ALLEN - 215,110
Nil KASIA MICHAELSKA - 260,115
Nil ANDY FREETH - 240,847
Nil JENNIE CRONIN - 161,849
Nil KIRSTEEN VICKERSTAFF - 172,473
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 3 October 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
3 October 2023
f)
Place of the transaction
Outside a trading venue
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