Director/PDMR Shareholding

RNS Number : 3936S

On the Beach Group PLC

20 December 2016

 

20 December 2016

On the Beach Group plc

("On the Beach" 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), the UK's leading online retailer for beach holidays, has been informed that, following the completion of the placing of the Company's shares announced on 16 December 2016, the following PDMRs and PCAs have sold shares in the Company as set out below, at a price per share of 240p.

Name of PDMR/PCA	Status	Shares held prior to sale	Number of shares sold	Shares held post sale	Company holding post sale
Hawksford Trustees Jersey Limited (as trustees of the Sule Cooper 2014 Settlement) on behalf of the family of Simon Cooper*	PCA of Simon Cooper	12,129,387	2,832,738	9,296,649	7.13%
Wendy Parry	PDMR	4,149,943	1,000,000	3,149,943	2.41%
Jonathan Smith	PDMR	4,149,943	1,000,000	3,149,943	2.41%
Alistair Daly	PDMR	4,149,943	1,000,000	3,149,943	2.41%
Bill Allen	PDMR	749,704	200,000	549,704	0.42%
Oliver Garner	PDMR	565,815	200,000	365,815	0.28%
TOTAL		25,894,735	6,232,738	19,661,997	15.07%

*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, being 1.56% of the issued capital).

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	See table above
2	Reason for the notification
(a)	Position/status	See 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	OTB
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 16 December 2016
(c)	Price(s) and volume(s)	Volumes: see table above. Price: 240p per share
(d)	Aggregated Information, Aggregated volume, Prices	See table above
(e)	Date of the transaction	20 December 2016
(f)	Place of the transaction	London Stock Exchange

For further information:

On the Beach Group plc Simon Cooper, Chief Executive Officer Wendy Parry, Chief Financial Officer	c/o FTI Consulting
FTI Consulting Jonathon Brill Alex Beagley Fiona Walker	Tel: [phone]

About On the Beach

On the Beach is one of the UK's largest online retailers of beach holidays with a 20% share of the online short haul beach holiday market.  The Group has a large opportunity to generate further growth and has a vision to become Europe's leading online retailer of beach holidays.  On the Beach provides a significant structural challenge to legacy tour operators and travel agents as the Group continues its journey to disrupt the online retail of beach holidays with its scalable, flexible, innovative technology, combined with a strong customer value proposition and a low cost base.  The business model is customer-centric, asset light, profitable and cash generative.

www.onthebeachgroupplc.com 

 

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