On the Beach Group PLC PDMR/PCA Notification

RNS Number : 1021Q

On the Beach Group PLC

13 December 2024

 

13 December 2024

 

On the Beach Group plc

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

 

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On the Beach Group plc (LSE: OTB.L), a leading UK online retailer for beach holidays, announces that Hawksford Trustees Jersey Limited (as trustees of the SC 2014 Settlement), a PCA of Simon Cooper (Founder Director NED of On the Beach Group plc), notified the Company on 12 December 2024 that it had sold 3,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at price of 228 pence per Ordinary Share.

 

Simon Cooper, Founder of On the Beach, said:

"This share sale follows my reinvestment into On the Beach in 2022 and 2023 and I am now realising a portion of that investment. I remain a significant and long term shareholder in the Group and have every confidence that Shaun and the team will deliver on the recently outlined medium term ambitions."

 

Following this sale, Simon Cooper will have an interest in 9,521,226 Ordinary Shares, representing 5.7% of the issued share capital of the Company, as outlined below:

 

Shareholder	Number of shares	% of issued share capital
Hawksford Trustees Jersey Limited (a PCA of Simon Cooper)	7,427,589	4.45%
Simon Cooper (in his own name)	2,093,637	1.25%
TOTAL	9,521,226	5.7%

 

The Notification of Dealing Form required in accordance with UK MAR is set out below.

 

For further information:

 

FTI Consulting Alex Beagley Harriet Jackson Hannah Butler Lia Bevan

Tel: [phone] [e-mail]

 

 

About On the Beach

On the Beach Group plc is one of the UK's largest online beach holidays retailers, with significant opportunities for growth. Its innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as it continues disrupting the online retail of beach holidays. Its model is customer-centric, asset light, profitable and cash generative.

www.onthebeachgroupplc.com

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hawksford Trustees Jersey Limited (as trustees of the SC 2014 Settlement) on behalf of the family of Simon Cooper
2	Reason for the notification
a)	Position/status	PCA of Simon Cooper, Founder Director NED of On the Beach Group plc
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 1 pence each GB00BYM1K758
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		228 pence per share	3,000,000 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	12 December 2024
f)	Place of the transaction	London Stock Exchange

 

 

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