On the Beach Group PLC Director/PDMR Shareholding (9838Z)

TIDMOTB

RNS Number : 9838Z

On the Beach Group PLC

20 December 2017

20 December 2017

ON THE BEACH GROUP PLC

Symbol: OTB

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

The notifications below are all in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 and the dealings were in respect of ordinary shares of 1 pence each in the share capital of On the Beach Group plc.

On 20 December 2017, Awards over shares were made under the On the Beach Group plc Long Term Incentive Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.

The Awards, made for nil consideration, are nil-cost options and vesting is subject to performance conditions (earnings per share (70% of each Award) and total shareholder return targets (30% of each Award)) established in accordance with the rules of the Plan and measured over a three year period commencing on 1 October 2017.

 
     Director/PDMR       Number of shares over which Awards made 
----------------------  ---------------------------------------- 
 Simon Cooper                            50,441 
----------------------  ---------------------------------------- 
 Paul Meehan                             94,578 
----------------------  ---------------------------------------- 
 Jonathan Smith                          32,282 
----------------------  ---------------------------------------- 
 Alistair Daly                           40,353 
----------------------  ---------------------------------------- 
 Bill Allen                              40,353 
----------------------  ---------------------------------------- 
 Oliver Garner                           40,353 
----------------------  ---------------------------------------- 
 Kirsteen Vickerstaff                     8,496 
----------------------  ---------------------------------------- 
 

There were 130,434,763 shares in issue at the time of this notification.

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                            SIMON COOPER 
                                       PAUL MEEHAN 
                                       JONATHAN SMITH 
                                       ALISTAIR DALY 
                                       BILL ALLEN 
                                       OLVER GARNER 
                                       KIRSTEEN VICKERSTAFF 
---  ------------------------------  ------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position                        SIMON COOPER - CHIEF EXECUTIVE 
       / status                        OFFICER 
                                       PAUL MEEHAN - CHIEF FINANCIAL 
                                       OFFICER 
                                       JONATHAN SMITH - CHIEF TECHNOLOGY 
                                       OFFICER 
                                       ALISTAIR DALY - CHIEF MARKETING 
                                       OFFICER 
                                       BILL ALLEN - CHIEF SUPPLY OFFICER 
                                       OLIVER GARNER - CHIEF INTERNATIONAL 
                                       OFFICER 
                                       KIRSTEEN VICKERSTAFF - GENERAL 
                                       COUNSEL AND COMPANY SECRETARY 
---  ------------------------------  ------------------------------------------- 
 b)   Initial notification            Initial 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                             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                     Ordinary shares of 1 pence 
       of the financial                GB00BYM1K758 
       instrument 
       Identification 
       code 
---  ------------------------------  ------------------------------------------- 
 b)   Nature of                       Awards made pursuant to the 
       the transaction                 On the Beach Group plc Long 
                                       Term Incentive Plan ("LTIP") 
---  ------------------------------  ------------------------------------------- 
 c)   Price(s)                         Price(s)   Volume(s) 
       and volume(s)                   ---------  ------------------------------ 
                                        Nil        SIMON COOPER - 50,441 
                                         Nil        PAUL MEEHAN - 94,578 
                                         Nil        JONATHAN SMITH - 32,282 
                                         Nil        ALISTAIR DALY - 40,353 
                                         Nil        BILL ALLEN - 40,353 
                                         Nil        OLVER GARNER - 40,353 
                                         Nil        KIRSTEEN VICKERSTAFF - 8,496 
                                       ---------  ------------------------------ 
---  ------------------------------  ------------------------------------------- 
 d)        Aggregated                 N/A 
            information 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  ------------------------------------------- 
 e)   Date of the                     20 December 2017 
       transaction 
---  ------------------------------  ------------------------------------------- 
 f)   Place of                        Outside a trading venue 
       the transaction 
---  ------------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFEEFRLIFID

(END) Dow Jones Newswires

December 20, 2017 10:58 ET (15:58 GMT)