PDMR

RNS Number : 5054U

On the Beach Group PLC

24 October 2017

 

24 October 2017

On the Beach Group plc

("On the Beach" or the "Group")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

On the Beach Group plc (LSE: OTB.L), the UK's leading online retailer for beach holidays, has been informed that  the following PDMRs have today sold shares in the Company as set out below, at a price per share of 439p.

Name of PDMR	Position	Status	Shares held prior to sale	Number of shares sold	Shares held post sale	Company holding post sale
Jonathan Smith	Chief Technical Officer	PDMR	3,149,943	1,000,000	2,149,943	1.65%
Alistair Daly	Chief Marketing Officer	PDMR	3,149,943	1,000,000	2,149,943	1.65%
Bill Allen	Chief Supply Officer	PDMR	549,704	250,000	299,704	0.23%
Oliver Garner	Chief International Officer	PDMR	365,815	200,000	165,815	0.13%
TOTAL			7,215,405	2,450,000	4,765,405	3.65%

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	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 £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	Sale of shares
(c)	Price(s) and volume(s)	Volumes: see table above. Price: 439p per share
(d)	Aggregated Information, Aggregated volume, Prices	See table above
(e)	Date of the transaction	24 October 2017
(f)	Place of the transaction	London Stock Exchange

For further information:

On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, 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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