REG - On the Beach Group - PDMR/PCA Notification

On Beach groupAnnouncement

13/12/2024 16:00

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RNS Number : 1021Q  On the Beach Group PLC  13 December 2024

13 December 2024

 

On the Beach Group plc

("On the Beach", "OTB" or the "Company")

 

Notification of transactions by Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them

 

On the Beach Group plc (LSE: OTB.L), a leading UK online retailer for beach
holidays, announces that Hawksford Trustees Jersey Limited (as trustees of the
SC 2014 Settlement), a PCA of Simon Cooper (Founder Director NED of On the
Beach Group plc), notified the Company on 12 December 2024 that it had sold
3,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares")
at price of 228 pence per Ordinary Share.

 

Simon Cooper, Founder of On the Beach, said:

"This share sale follows my reinvestment into On the Beach in 2022 and 2023
and I am now realising a portion of that investment. I remain a significant
and long term shareholder in the Group and have every confidence that Shaun
and the team will deliver on the recently outlined medium term ambitions."

 

Following this sale, Simon Cooper will have an interest in 9,521,226 Ordinary
Shares, representing 5.7% of the issued share capital of the Company, as
outlined below:

 

 Shareholder                                                Number of shares  % of issued share capital
 Hawksford Trustees Jersey Limited (a PCA of Simon Cooper)  7,427,589         4.45%
 Simon Cooper (in his own name)                             2,093,637         1.25%
 TOTAL                                                      9,521,226         5.7%

 

The Notification of Dealing Form required in accordance with UK MAR is set out
below.

 

For further information:

 

 FTI Consulting    Tel: +44 (0)20 3727 1000

 Alex Beagley      onthebeach@fticonsulting.com

 Harriet Jackson

 Hannah Butler

 Lia Bevan

 

 

About On the Beach

On the Beach Group plc is one of the UK's largest online beach holidays
retailers, with significant opportunities for growth. Its innovative
technology, low-cost base and strong customer-value proposition provides a
structural challenge to legacy tour operators and online travel agents, as it
continues disrupting the online retail of beach holidays. Its model is
customer-centric, asset light, profitable and cash generative.

www.onthebeachgroupplc.com (http://www.onthebeachgroupplc.com/)

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Hawksford Trustees Jersey Limited (as trustees of the SC 2014 Settlement) on
                                                                     behalf of the family of Simon Cooper
 2      Reason for the notification
 a)     Position/status                                              PCA of Simon Cooper, Founder Director NED of On the Beach Group plc
 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, type of instrument  Ordinary shares of 1 pence each

        Identification code                                          GB00BYM1K758

 b)     Nature of the transaction                                    Purchase of Ordinary Shares
 c)     Price(s) and volume(s)                                       Price                                    Volume

        228 pence per share                                                                                   3,000,000 Ordinary Shares
 d)     Aggregated information

        - Aggregated volume                                          N/A

        - Price                                                      N/A
 e)     Date of the transaction                                      12 December 2024
 f)     Place of the transaction                                     London Stock Exchange

 

 

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