REG - On the Beach Group - PDMR LTIP Awards

On Beach groupAnnouncement

03/10/2024 11:30

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RNS Number : 8495G  On the Beach Group PLC  03 October 2024

3 OCTOBER 2024

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 2 October 2024, awards over Shares ("FY25 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                 321,587
 Jon Wormald           Chief Financial Officer                 200,519
 Zoe Harris            Chief Marketing Officer                 249,703
 Adam Hansen           Chief Strategy Officer                  174,792
 Bill Allen            Chief Supply Officer                    126,721
 Kasia Michalska       Chief Technology & Product Officer      213,649
 Jennie Cronin         Chief People Officer                    135,014
 Kirsteen Vickerstaff  General Counsel and Company Secretary   169,334

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     SHAUN MORTON

                                              JON WORMALD

                                              ZOE HARRIS

                                              ADAM HANSEN

                                              BILL ALLEN

                                              KASIA MICHALSKA

                                              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 MICHALSKA - CHIEF TECHNOLOGY & PRODUCT OFFICER

                                              JENNIE CRONIN- CHIEF PEOPLE 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  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 - 321,587
                                              Nil       JON WORMALD - 200,519
                                              Nil       ZOE HARRIS - 249,703
                                              Nil       ADAM HANSEN - 174,792
                                              Nil       BILL ALLEN - 126,721
                                              Nil       KASIA MICHALSKA - 213,649
                                              Nil       JENNIE CRONIN - 135,014
                                              Nil        KIRSTEEN VICKERSTAFF - 169,334

 
 d)  Aggregated information                   N/A

     -          Aggregated volume

     -          Price
 e)  Date of the transaction                  2 October 2024
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

-          Aggregated volume

-          Price

N/A

e)

Date of the transaction

2 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

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