On the Beach Group PLC Director/PDMR Shareholding (3936S)

TIDMOTB

RNS Number : 3936S

On the Beach Group PLC

20 December 2016

20 December 2016

On the Beach Group plc

("On the Beach" 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), the UK's leading online retailer for beach holidays, has been informed that, following the completion of the placing of the Company's shares announced on 16 December 2016, the following PDMRs and PCAs have sold shares in the Company as set out below, at a price per share of 240p.

 
 Name of PDMR/PCA        Status         Shares       Number       Shares    Company 
                                          held    of shares         held    holding 
                                         prior         sold         post       post 
                                       to sale                      sale       sale 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Hawksford Trustees 
  Jersey Limited 
  (as trustees 
  of the Sule 
  Cooper 2014 
  Settlement) 
  on behalf of            PCA 
  the family            of Simon 
  of Simon Cooper*       Cooper     12,129,387    2,832,738    9,296,649      7.13% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Wendy Parry              PDMR       4,149,943    1,000,000    3,149,943      2.41% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Jonathan Smith           PDMR       4,149,943    1,000,000    3,149,943      2.41% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Alistair Daly            PDMR       4,149,943    1,000,000    3,149,943      2.41% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Bill Allen               PDMR         749,704      200,000      549,704      0.42% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 Oliver Garner            PDMR         565,815      200,000      365,815      0.28% 
--------------------  -----------  -----------  -----------  -----------  --------- 
 
 TOTAL                              25,894,735    6,232,738   19,661,997     15.07% 
---------------------------------  -----------  -----------  -----------  --------- 
 

*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, being 1.56% of the issued capital).

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            Initial notification 
        notification 
        /Amendment 
----  -----------------  ----------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------ 
 (a)   Name               On the Beach Group plc 
----  -----------------  ----------------------------------------- 
 (b)   LEI                OTB 
----  -----------------  ----------------------------------------- 
 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        Ordinary shares of GBP0.01 each in 
        of the             On The Beach Group plc 
        financial 
        instrument,        Identification code for On The Beach 
        type of            Group plc ordinary shares: GB00BYM1K758 
        instrument 
        Identification 
        code 
----  -----------------  ----------------------------------------- 
 (b)   Nature             Placing of shares by way of accelerated 
        of the             bookbuild, as announced on 16 December 
        transaction        2016 
----  -----------------  ----------------------------------------- 
 (c)   Price(s)           Volumes: see table above. 
        and volume(s)      Price: 240p per share 
----  -----------------  ----------------------------------------- 
 (d)   Aggregated         See table above 
        Information, 
        Aggregated 
        volume, 
        Prices 
----  -----------------  ----------------------------------------- 
 (e)   Date of            20 December 2016 
        the transaction 
----  -----------------  ----------------------------------------- 
 (f)   Place              London Stock Exchange 
        of the 
        transaction 
----  -----------------  ----------------------------------------- 
 

For further information:

 
 On the Beach Group plc           c/o FTI Consulting 
  Simon Cooper, Chief Executive 
  Officer 
  Wendy Parry, Chief Financial 
  Officer 
 FTI Consulting                   Tel: [phone] 
  Jonathon Brill                   1000 
  Alex Beagley 
  Fiona Walker 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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December 20, 2016 10:16 ET (15:16 GMT)