Director/PDMR Shareholding

RNS Number : 8074Y

On the Beach Group PLC

20 May 2016

 

20 May 2016 

On The Beach Group plc (the "Company")

Director/PDMR shareholdings

On 20 May 2016, On the Beach Group plc granted awards pursuant to the On the Beach Group plc Long Term Incentive Plan ("Plan") in the form of nil-cost options over ordinary shares of £0.01 each in the capital of the Company ("Awards") to the following directors and persons discharging managerial responsibilities:

Name	Role	Director/PDMR	No. of Shares under Award
Simon Cooper	Chief Executive Officer	Director	91,743
Wendy Parry	Chief Financial Officer	Director	80,275
Jonathan Smith	Chief Technology Officer	PDMR	73,394
Alistair Daly	Chief Marketing Officer	PDMR	73,394
William Allen	Supply Director	PDMR	73,394
Oliver Garner	International Director	PDMR	58,257
Kirsteen Vickerstaff	General Counsel and Company Secretary	PDMR	12,615

The Awards are subject to performance targets linked to growth in the Company's Earnings per Share and Absolute Total Shareholder Return measured over a three year period ending on 30 September 2018. The Awards are expected to vest on the later of 30 September 2018 and when the Remuneration Committee has determined whether the performance targets have been achieved. Awards will normally be exercisable following vesting until the tenth anniversary of the grant date.

The Award is the first award to be made under the Plan.  

For further information:

On the Beach Group plc Simon Cooper, Chief Executive Officer Wendy Parry, Chief Financial Officer Kirsteen Vickerstaff, Company Secretary	c/o FTI Consulting
FTI Consulting Jonathon Brill Alex Beagley Tom Hufton	Tel: [phone] [e-mail]

This notification is being made in accordance with DTR 3.1.4

 

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