PDMR Transaction: Grant of Buyout Award to CFO
3 July 2023
On The Beach Group plc
PDMR Transaction: Grant of Buyout Award to Chief Financial Officer
On The Beach Group plc ("On The Beach" or the "Company") announces that on 30 June 2023, Jon Wormald, the Company's Chief Financial Officer, was granted a buyout award following his recent appointment. The buyout award granted is of equivalent value to awards granted to him by his previous employer, which he forfeited upon commencing employment with On The Beach.
The buyout award has been delivered in the form of a nil cost option over ordinary shares in the Company, granted under the On The Beach Group plc Long Term Incentive Plan 2023 ("Plan"), and is subject to the malus and clawback provisions of the Plan, as well as holding periods in line with those applicable to the forfeited awards.
The Notification of Dealing Form set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
Enquiries:
On The Beach Group plc via FTI Consulting
Shaun Morton, Chief Executive Officer
Jon Wormald, Chief Financial Officer
FTI Consulting Tel: (+44) (0)20 3727 1000
Alex Beagley
Fiona Walker
Sam Macpherson
Rafaella de Freitas
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1. |
Details of the PDMR / person closely associated |
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a) |
Name |
Jon Wormald |
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2. |
Reason for the notification |
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a) |
Position / status |
Chief Financial Officer |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
On The Beach Group plc |
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b) |
LEI |
213800K51Y9BZY7F9R69 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p each
GB00BYM1K758 |
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b) |
Nature of the transaction |
Grant of a nil cost option under the On The Beach Group plc Long Term Incentive Plan 2023 |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
N/A |
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e) |
Date of the transaction |
30 June 2023 |
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f) |
Place of the transaction |
Outside a trading venue |
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