REG - On the Beach Group - PDMR
RNS Number : 0478KOn the Beach Group PLC29 December 202029 December 2020
ON THE BEACH GROUP PLC
(the "Company")
Symbol: OTB
Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
The Company provides notification of the following transaction, effected on 29 December 2020, relating to the PDMR named below and in respect of ordinary shares of 1 pence each in the capital of the Company ("Shares").
The transaction arose in respect of the exercise of nil-cost options over Shares granted on 20 December 2017 under the On the Beach Group plc Long Term Incentive Plan and the subsequent sale of the Shares acquired.
PDMR
Number of Shares acquired on exercise of share option and subsequently sold
Oliver Garner
12,105
The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Oliver Garner
2.
Reason for the notification
a)
Position / status
PDMR: Chief Executive Officer, Classic Collection Holidays and Classic Package Holidays
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
Identification code
Ordinary shares of 1 pence
GB00BYM1K758
b)
Nature of the transaction
Exercise of option granted under the On the Beach Group plc Long Term Incentive Plan and sale of resulting shares
c)
Price(s) and volume(s)
Exercise of option
Price(s)
Volume(s)
nil
12,105
Sale of shares
Price(s)
Volume(s)
380.5p per share
12,105
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
Exercise of option: 29 December 2020
Sale of shares: 29 December 2020
f)
Place of the transaction
London Stock Exchange
For further information:
On the Beach Group plc
Simon Cooper, Chief Executive Officer
Shaun Morton, Chief Financial Officer
c/o FTI Consulting
FTI Consulting
Alex Beagley
Fiona Walker
Sam Macpherson
Tel: +44 (0)20 3727 1000
--ENDS--
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