REG - On the Beach Group - PDMR Transaction

On Beach groupAnnouncement

23/12/2022 09:45

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RNS Number : 9115K  On the Beach Group PLC  23 December 2022

23 December 2022

 

On the Beach Group plc

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

 

PDMR Transaction

 

The Company announces that is has been notified that on 21 December 2022,
Simon Cooper purchased 29,033 ordinary shares of 1 pence each in the Company
("Ordinary Shares") at a price of 153.3068 pence per Ordinary Share
(£44,509.56 in aggregate), and that Shaun Morton purchased 36,999 Ordinary
Shares at a price of 153.3068 pence per Ordinary Share (£56,721.98 in
aggregate). These share purchases satisfy the deferral of 50% of the annual
bonus for Executive Directors earned in respect of the Company's financial
year ended 30 September 2022, as set out in the Annual Report and Accounts and
as required by the Directors' Remuneration Policy.

 

Following these purchases, Shaun Morton's shareholding is 40,029 shares (0.02%
of the issued share capital of the company). Simon Cooper's shareholding, and
that of his PCA, is set out below.

 

 Shareholder                                                Number of shares  % of issued share capital
 Hawksford Trustees Jersey Limited (a PCA of Simon Cooper)  7,603,727         4.57%
 Simon Cooper (in his own name)                             2,093,637         1.26%
 TOTAL                                                      9,697,364         5.83%

 

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

 Fiona Walker

 Sam Macpherson

 Rafaella de Freitas

 

 

About On the Beach

On the Beach is a consumer-centric disruptor on a mission to continually
democratise easy access, hassle free, great value holidays. Having invested in
proposition, technology, brand and service, our asset light model is well
positioned to continue to attract and retain the widest possible audience of
beach holidaymakers. We are a leading online retailer in the UK short haul
beach holiday market. By expanding into B2B and Long Haul channels, we have
doubled our UK addressable market, and have a long‐term vision to become
Europe's leading online retailer of beach holidays.

 

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

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Simon Cooper
 2      Reason for the notification
 a)     Position/status                                              Chief Executive Officer 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

        153.3068 pence                                                                            29,033 Ordinary Shares
 d)     Aggregated information                                       N/A

        - Aggregated volume

        - Price
 e)     Date of the transaction                                      21 December 2022
 f)     Place of the transaction                                     London Stock Exchange

 

   1    Details of the person discharging managerial responsibilities / person closely

      associated

 a)     Name                                                         Shaun Morton
 2      Reason for the notification
 a)     Position/status                                              Chief Financial Officer 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

        153.3068 pence                                                                            36,999 Ordinary Shares
 d)     Aggregated information                                       N/A

        - Aggregated volume

        - Price
 e)     Date of the transaction                                      21 December 2022
 f)     Place of the transaction                                     London Stock Exchange

 

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