Notification of transactions by PDMRs

RNS Number : 5021P
On the Beach Group PLC
09 February 2023
 

9 February 2023

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 transactions, effected on 7 and 8 February 2023, relating to the PDMRs named below and in respect of ordinary shares of 1 pence each in the capital of the Company ("Shares").

 

The transactions arose in respect of the exercise of nil-cost options which were granted under the On the Beach Group plc Long Term Incentive Plan and the subsequent sale / retaining of the Shares as specified below.

 

PDMR

Role

Grant date

Number of nil-cost options vested and exercised

Number of shares sold & price per share

Bill Allen

Chief Supply Officer

21/12/2021

43,398

43,398 @ 171.48p

Stefan Nordin

Chief Technology Officer

21/12/2021

57,786

57,786 @ 171.48p

Adam Hansen

Chief Strategy Officer

21/12/2021

38,664

18,264* @ 171.48p

Adam Hansen

Chief Strategy Officer

22/12/2020

36,000

17,008* @ 171.48p

 

*Adam Hansen sold sufficient of the resulting shares to cover the tax liability generated on exercise

 

 

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

Bill Allen

Stefan Nordin

Adam Hansen

2.

Reason for the notification

a)

Position / status

Bill Allen: Chief Supply Officer

Stefan Nordin: Chief Technology Officer

Adam Hansen: Chief Strategy 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

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)

Bill Allen:

Exercise of option

Price(s)

Volume(s)

nil

43,398

Sale of shares

Price(s)

Volume(s)

171.48p per share

43,398

 

Stefan Nordin

Exercise of option

Price(s)

Volume(s)

nil

57,786

Sale of shares

Price(s)

Volume(s)

171.48p per share

57,786

 

Adam Hansen

Exercise of option

Price(s)

Volume(s)

nil

74,664

Sale of shares

Price(s)

Volume(s)

171.48p per share

35,272

d)

Aggregated information

Aggregated volume

Price

 

 

As above

 

e)

Date of the transaction

Exercise of option: 7 February 2023

Sale of shares: 8 February 2023

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

onthebeach@fticonsulting.com





--ENDS--

 

 

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