REG - On the Beach Group - PDMR Transaction

On Beach groupAnnouncement

29/12/2022 13:30

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RNS Number : 2391L  On the Beach Group PLC  29 December 2022

29 December 2022

On The Beach Group plc

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

 

PDMR Transaction

 

The Company announces that it has been notified that on 23 December 2022,
Shaun Morton, Chief Financial Officer of On the Beach Group plc, exercised a
number of vested nil-cost options which were granted to him under the On the
Beach Group plc Long Term Incentive Plan, and that he sold sufficient of the
resulting shares to cover the tax liability generated by such exercise, as
outlined below. All of these awards were granted prior to Shaun's appointment
to Chief Financial Officer.

 

 Grant date        Number of nil-cost options vested and exercised  Number of resulting shares sold to cover tax & price per share      Number of resulting shares retained

 16 February 2018  15,763                                           5,268 shares @151.26p                                               10,495
 15 October 2018   12,588                                           4,207 shares @ 149.4p                                               8,381
 12 February 2019  13,595                                           4,544 shares @151.26p                                               9,051
 9 July 2019       45,000                                           15,039 shares @151.26p                                              29,961
 3 December 2019   17,698                                           5,915 shares @ 151.26p                                              11,783
 Total             104,644                                          34,973 shares (£52,821.91)                                          69,671

 

Following these transactions, Shaun Morton's shareholding in the Company is
now 109,700 shares (0.07% of issued share capital).

 

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.

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Shaun Morton
 2.  Reason for the notification
 a)  Position / status                        PDMR: 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  Ordinary shares of 1 pence

     Identification code                      GB00BYM1K758
 b)  Nature of the transaction                Exercise of nil-cost options granted under the On the Beach Group plc Long
                                              Term Incentive Plan and sale of some of the resulting shares to meet tax
                                              liability generated by the exercise
 c)  Price(s) and volume(s)                   Exercise of option
                                              Price(s)  Volume(s)
                                              Nil       104,644

 

Sale of shares
                                              Price(s)           Volume(s)
                                              151.26p per share  30,766
                                              149.4p per share   4,207
 d)  Aggregated information                   N/A

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                  23 December 2022
 f)  Place of the transaction                 London Stock Exchange

 

 

 Sale of shares
 Price(s)           Volume(s)
 151.26p per share  30,766
 149.4p per share   4,207

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

e)

Date of the transaction

23 December 2022

f)

Place of the transaction

London Stock Exchange

 

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