On the Beach Group PLC PDMR (5054U)

TIDMOTB

RNS Number : 5054U

On the Beach Group PLC

24 October 2017

24 October 2017

On the Beach Group plc

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

On the Beach Group plc (LSE: OTB.L), the UK's leading online retailer for beach holidays, has been informed that the following PDMRs have today sold shares in the Company as set out below, at a price per share of 439p.

 
 Name              Position         Status       Shares       Number      Shares    Company 
  of PDMR                                          held    of shares        held    holding 
                                                  prior         sold        post       post 
                                                to sale                     sale       sale 
----------  ---------------------  --------  ----------  -----------  ----------  --------- 
 Jonathan      Chief Technical 
  Smith             Officer          PDMR     3,149,943    1,000,000   2,149,943      1.65% 
----------  ---------------------  --------  ----------  -----------  ----------  --------- 
 Alistair      Chief Marketing 
  Daly              Officer          PDMR     3,149,943    1,000,000   2,149,943      1.65% 
----------  ---------------------  --------  ----------  -----------  ----------  --------- 
 Bill            Chief Supply 
  Allen             Officer          PDMR       549,704      250,000     299,704      0.23% 
----------  ---------------------  --------  ----------  -----------  ----------  --------- 
 Oliver      Chief International 
  Garner            Officer          PDMR       365,815      200,000     165,815      0.13% 
----------  ---------------------  --------  ----------  -----------  ----------  --------- 
 
 TOTAL                                        7,215,405    2,450,000   4,765,405      3.65% 
-------------------------------------------  ----------  -----------  ----------  --------- 
 

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                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 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             Sale of shares 
        of the 
        transaction 
----  -----------------  ----------------------------------------- 
 (c)   Price(s)           Volumes: see table above. 
        and volume(s)      Price: 439p per share 
----  -----------------  ----------------------------------------- 
 (d)   Aggregated         See table above 
        Information, 
        Aggregated 
        volume, 
        Prices 
----  -----------------  ----------------------------------------- 
 (e)   Date of            24 October 2017 
        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 
  Paul Meehan, 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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October 24, 2017 11:42 ET (15:42 GMT)