REG - On the Beach Group - Director/PDMR Shareholding
RNS Number : 1017OOn the Beach Group PLC27 May 202027 May 2020
On the Beach Group plc
("On the Beach", "Company" or the "Group")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")
On the Beach Group plc (LSE: OTB.L), has been informed that, following the completion of the placing of the Company's shares announced on 22 May 2020 and admission of the shares on 27 May 2020, the following PDMRs and PCAs have subscribed for shares in the Company as set out below, at a price per share of 257.5p.
A
B
C
D
E
Name of PDMR/PCA
Position/Status
Number of placing shares to be subscribed
Shareholding on Admission
Shareholding as a % of Enlarged Issued Share Capital on Admission
Hawksford Trustees Jersey Limited (as trustees of the Sule Cooper 2014 Settlement) on behalf of the family of Simon Cooper*
PCA of Simon Cooper, Chief Executive Officer
388,350
9,684,999
6.15%
Bill Allen
PDMR - Chief Supply Officer
3,883
4,549
0.003%
Oliver Garner
PDMR - Chief Executive Officer, Classic Collection Holidays and Classic Package Holidays
3,883
3,883
0.002%
Richard Pennycook
PDMR - Chair of the Board of Directors
7,637
45,970
0.03%
David Kelly
PDMR - Non-Executive Director
3,883
7,228
0.005%
Elaine O'Donnell**
PDMR - Non-Executive Director
3,883
8,417
0.01%
Paul Meehan**
PDMR - Chief Financial Officer
3,883
26,105
0.02%
Stefan Nordin
PDMR - Chief Technology and Product Officer
3,883
3,883
0.002%
*For information, Simon Cooper's own direct shareholding has not changed since the initial public offering of the Company's shares in September 2015 (he still holds 2,034,301 shares, being 1.3% of the enlarged issued capital).
** Includes shares held by PCAs
The table below contains the information required to be disclosed by the Company pursuant to article 19 of the Market Abuse Regulation in relation to the dealings referred to above.
1
Details of the person discharging managerial responsibilities / person closely associated
(a)
Name
As stated in column A of table above
2
Reason for the notification
(a)
Position/status
As stated in column B of table above
(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
Identification code
Ordinary shares of £0.01 each in On the Beach Group plc
Identification code for On the Beach Group plc ordinary shares: GB00BYM1K758
(b)
Nature of the transaction
Placing of shares by way of accelerated bookbuild, as announced on 22 May 2020
(c)
Price(s) and volume(s)
Volumes: as stated in column C of table above.
Price: 257.5p per share
(d)
Aggregated Information, Aggregated volume, Prices
N/A
(e)
Date of the transaction
27 May 2020
(f)
Place of the transaction
London Stock Exchange
For further information:
On the Beach Group plc
Simon Cooper, Chief Executive Officer
Paul Meehan, Chief Financial Officer
c/o FTI Consulting
FTI Consulting
Alex Beagley
Fiona Walker
Sam Macpherson
Tel: +44 (0)20 3727 1000
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 or visit www.rns.com.ENDDSHFLFFLEFIDFII
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