On the Beach Group PLC PDMR (0478K)

TIDMOTB

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            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 the                   Exercise of option granted under the 
       transaction                     On the Beach Group plc Long Term Incentive 
                                       Plan and sale of resulting shares 
     ------------------------------  -------------------------------------------- 
 c)   Price(s) and                      Exercise of option 
       volume(s)                        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 
                                        As above 
 
             *    Price 
     ------------------------------  -------------------------------------------- 
 e)   Date of the                     Exercise of option: 29 December 2020 
       transaction                     Sale of shares: 29 December 2020 
     ------------------------------  -------------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  -------------------------------------------- 
 

For further information:

 
On the Beach Group plc          c/o FTI Consulting 
 Simon Cooper, Chief Executive 
 Officer 
 Shaun Morton, Chief Financial 
 Officer 
FTI Consulting                  Tel: [phone] 
 Alex Beagley                    1000 
 Fiona Walker 
 Sam Macpherson 
 

--ENDS--

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END

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December 29, 2020 10:16 ET (15:16 GMT)