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On the Beach Group (OTB)

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Wednesday 27 May, 2020

On the Beach Group

Director/PDMR Shareholding

RNS Number : 1017O
On the Beach Group PLC
27 May 2020
 

27 May 2020

 

On the Beach Group plc

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

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

 

On the Beach Group plc (LSE: OTB.L), has been informed that, following the completion of the placing of the Company's shares announced on 22 May 2020 and admission of the shares on 27 May 2020, the following PDMRs and PCAs have subscribed for shares in the Company as set out below, at a price per share of 257.5p.

 

A

B

C

D

E

Name of PDMR/PCA

Position/Status

Number of placing shares to be subscribed

Shareholding on Admission

Shareholding as a % of Enlarged Issued Share Capital on Admission

Hawksford Trustees Jersey Limited (as trustees of the Sule Cooper 2014 Settlement) on behalf of the family of Simon Cooper*

PCA of Simon Cooper, Chief Executive Officer

388,350

9,684,999

6.15%

Bill Allen

PDMR - Chief Supply Officer

3,883

4,549

0.003%

Oliver Garner

PDMR - Chief Executive Officer, Classic Collection Holidays and Classic Package Holidays

3,883

3,883

0.002%

Richard Pennycook

PDMR - Chair of the Board of Directors

7,637

45,970

0.03%

David Kelly

PDMR - Non-Executive Director

3,883

7,228

0.005%

Elaine O'Donnell**

PDMR - Non-Executive Director

3,883

8,417

0.01%

Paul Meehan**

PDMR - Chief Financial Officer

3,883

26,105

0.02%

Stefan Nordin

PDMR - Chief Technology and Product Officer

3,883

3,883

0.002%

 

*For information, Simon Cooper's own direct shareholding has not changed since the initial public offering of the Company's shares in September 2015 (he still holds 2,034,301 shares, being 1.3% of the enlarged issued capital).

** Includes shares held by PCAs

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

As stated in column A of table above

2

Reason for the notification

(a)

Position/status

As stated in column B of 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

Placing of shares by way of accelerated bookbuild, as announced on 22 May 2020

(c)

Price(s) and volume(s)

Volumes: as stated in column C of table above.

Price: 257.5 p per share

(d)

Aggregated Information, Aggregated volume, Prices

N/A

(e)

Date of the transaction

27 May 2020

(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

Alex Beagley

Fiona Walker

Sam Macpherson

Tel: +44 (0)20 3727 1000

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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