PDMR Transaction

RNS Number : 2391L

On the Beach Group PLC

29 December 2022

 

29 December 2022

On The Beach Group plc

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

PDMR Transaction

The Company announces that it has been notified that on 23 December 2022, Shaun Morton, Chief Financial Officer of On the Beach Group plc, exercised a number of vested nil-cost options which were granted to him under the On the Beach Group plc Long Term Incentive Plan, and that he sold sufficient of the resulting shares to cover the tax liability generated by such exercise, as outlined below. All of these awards were granted prior to Shaun's appointment to Chief Financial Officer.

Grant date	Number of nil-cost options vested and exercised	Number of resulting shares sold to cover tax & price per share	Number of resulting shares retained
16 February 2018	15,763	5,268 shares @151.26p	10,495
15 October 2018	12,588	4,207 shares @ 149.4p	8,381
12 February 2019	13,595	4,544 shares @151.26p	9,051
9 July 2019	45,000	15,039 shares @151.26p	29,961
3 December 2019	17,698	5,915 shares @ 151.26p	11,783
Total	104,644	34,973 shares (£52,821.91)	69,671

Following these transactions, Shaun Morton's shareholding in the Company is now 109,700 shares (0.07% of issued share capital).

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.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Shaun Morton
2.	Reason for the notification
a)	Position / status	PDMR: Chief Financial 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 nil-cost options granted under the On the Beach Group plc Long Term Incentive Plan and sale of some of the resulting shares to meet tax liability generated by the exercise
c)	Price(s) and volume(s)	Exercise of option Price(s) Volume(s) Nil 104,644 Sale of shares Price(s) Volume(s) 151.26p per share 30,766 149.4p per share 4,207
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	23 December 2022
f)	Place of the transaction	London Stock Exchange

 

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