PDMR Transaction

RNS Number : 9115K

On the Beach Group PLC

23 December 2022

 

23 December 2022

On the Beach Group plc

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

PDMR Transaction

The Company announces that is has been notified that on 21 December 2022, Simon Cooper purchased 29,033 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 153.3068 pence per Ordinary Share (£44,509.56 in aggregate), and that Shaun Morton purchased 36,999 Ordinary Shares at a price of 153.3068 pence per Ordinary Share (£56,721.98 in aggregate). These share purchases satisfy the deferral of 50% of the annual bonus for Executive Directors earned in respect of the Company's financial year ended 30 September 2022, as set out in the Annual Report and Accounts and as required by the Directors' Remuneration Policy.

Following these purchases, Shaun Morton's shareholding is 40,029 shares (0.02% of the issued share capital of the company). Simon Cooper's shareholding, and that of his PCA, is set out below.

Shareholder	Number of shares	% of issued share capital
Hawksford Trustees Jersey Limited (a PCA of Simon Cooper)	7,603,727	4.57%
Simon Cooper (in his own name)	2,093,637	1.26%
TOTAL	9,697,364	5.83%

The Notification of Dealing Form required in accordance with UK MAR is set out below.

For further information:

FTI Consulting Alex Beagley Fiona Walker Sam Macpherson Rafaella de Freitas

Tel: [phone] [e-mail]

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.

www.onthebeachgroupplc.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Cooper
2	Reason for the notification
a)	Position/status	Chief Executive Officer of On the Beach Group plc
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 1 pence each GB00BYM1K758
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		153.3068 pence	29,033 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	21 December 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun Morton
2	Reason for the notification
a)	Position/status	Chief Financial Officer of On the Beach Group plc
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 1 pence each GB00BYM1K758
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		153.3068 pence	36,999 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	21 December 2022
f)	Place of the transaction	London Stock Exchange

 

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