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On the Beach Group (OTB)

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Tuesday 29 December, 2020

On the Beach Group

PDMR

RNS Number : 0478K
On the Beach Group PLC
29 December 2020
 

29 December 2020

ON THE BEACH GROUP PLC

(the "Company")

Symbol: OTB

 

 

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

 

The Company provides notification of the following transaction, effected on 29 December 2020, relating to the PDMR named below and in respect of ordinary shares of 1 pence each in the capital of the Company ("Shares").

 

The transaction arose in respect of the exercise of nil-cost options over Shares granted on 20 December 2017 under the On the Beach Group plc Long Term Incentive Plan and the subsequent sale of the Shares acquired.

 

PDMR

Number of Shares acquired on exercise of share option and subsequently sold

Oliver Garner

12,105

 

The information below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Oliver Garner

2.

Reason for the notification

a)

Position / status

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

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 option granted under the On the Beach Group plc Long Term Incentive Plan and sale of resulting shares

c)

Price(s) and volume(s)

Exercise of option

Price(s)

Volume(s)

nil

12,105

 

 

Sale of shares

Price(s)

Volume(s)

380.5p per share

12,105

d)

Aggregated information

Aggregated volume

Price

 

 

As above

 

e)

Date of the transaction

Exercise of option: 29 December 2020

Sale of shares: 29 December 2020

f)

Place of the transaction

London Stock Exchange

 

For further information:

 

On the Beach Group plc

Simon Cooper, Chief Executive Officer

Shaun Morton, Chief Financial Officer

 

c/o FTI Consulting


FTI Consulting

Alex Beagley

Fiona Walker

Sam Macpherson

 

 

 

Tel: +44 (0)20 3727 1000


--ENDS--

 

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