REG - On the Beach Group - PDMR Transaction: Grant of Buyout Award to CFO

On Beach groupAnnouncement

03/07/2023 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230703:nRSC7904Ea&default-theme=true

RNS Number : 7904E  On the Beach Group PLC  03 July 2023

 

3 July 2023

 

On The Beach Group plc

 

PDMR Transaction: Grant of Buyout Award to Chief Financial Officer

 

On The Beach Group plc ("On The Beach" or the "Company") announces that on 30
June 2023, Jon Wormald, the Company's Chief Financial Officer, was granted a
buyout award following his recent appointment. The buyout award granted is of
equivalent value to awards granted to him by his previous employer, which he
forfeited upon commencing employment with On The Beach.

The buyout award has been delivered in the form of a nil cost option over
ordinary shares in the Company, granted under the On The Beach Group plc Long
Term Incentive Plan 2023 ("Plan"), and is subject to the malus and clawback
provisions of the Plan, as well as holding periods in line with those
applicable to the forfeited awards.

The Notification of Dealing Form set out below is provided in accordance with
the requirements of the UK Market Abuse Regulation.

 

Enquiries:

 

On The Beach Group
plc                                                                                  via
FTI Consulting

Shaun Morton, Chief Executive Officer

Jon Wormald, Chief Financial Officer

 

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

Alex Beagley

Fiona Walker

Sam Macpherson

Rafaella de Freitas

 

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         Jon Wormald
 2.  Reason for the notification
 a)  Position / status                                            Chief Financial 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, type of instrument  Ordinary shares of 1p each

     Identification code

                                                                  GB00BYM1K758
 b)  Nature of the transaction                                    Grant of a nil cost option under the On The Beach Group plc Long Term
                                                                  Incentive Plan 2023
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  Nil       73,274

 
 d)  Aggregated information                                       N/A

 e)  Date of the transaction                                      30 June 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

N/A

e)

Date of the transaction

30 June 2023

f)

Place of the transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFLFIVDLIVIIV