10th Jul 2019 13:33
10 July 2019
ON THE BEACH GROUP PLC
Symbol: OTB
PDMR LTIP Awards
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 ("Shares") in the share capital of On the Beach Group plc.
On 9 July 2019, awards over Shares (the "Awards") were made under the On the Beach Group plc Long Term Incentive Plan (the "Plan"), consequently, the Share interests of the under-noted persons discharging managerial responsibility have changed following the making of the Awards.
The Awards, made for nil consideration, are nil-cost options established in accordance with the rules of the Plan and vesting is subject to stretching performance targets measured over the period to 30 September 2021.
PDMR | Role | Number of Shares over which Awards made |
Bill Allen | Chief Supply Officer | 242,500 |
Oliver Garner | Chief International Officer | 242,500 |
Stefan Nordin | Chief Technology Officer | 200,000 |
Kirsteen Vickerstaff | General Counsel and Company Secretary | 60,000 |
There were 131,152,820 Shares in issue at the time of this notification.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | BILL ALLEN
OLIVER GARNER
STEFAN NORDIN
KIRSTEEN VICKERSTAFF | ||||
2. | Reason for the notification | |||||
a) | Position / status | BILL ALLEN - CHIEF SUPPLY OFFICER OLIVER GARNER - CHIEF INTERNATIONAL OFFICER STEFAN NORDIN - CHIEF TECHNOLOGY OFFICER KIRSTEEN VICKERSTAFF - GENERAL COUNSEL AND COMPANY SECRETARY | ||||
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 Identification code | Ordinary shares of 1 pence GB00BYM1K758 | ||||
b) | Nature of the transaction | Awards made pursuant to the On the Beach Group plc Long Term Incentive Plan ("LTIP") | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 9 July 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
On The Beach