29th Dec 2022 13:22
29 December 2022
On The Beach Group plc
("On the Beach", "OTB", the "Company" or the "Group")
PDMR Transaction
The Company announces that it has been notified that on 23 December 2022, Shaun Morton, Chief Financial Officer of On the Beach Group plc, exercised a number of vested nil-cost options which were granted to him under the On the Beach Group plc Long Term Incentive Plan, and that he sold sufficient of the resulting shares to cover the tax liability generated by such exercise, as outlined below. All of these awards were granted prior to Shaun's appointment to Chief Financial Officer.
Grant date | Number of nil-cost options vested and exercised | Number of resulting shares sold to cover tax & price per share
| Number of resulting shares retained
|
16 February 2018 | 15,763 | 5,268 shares @151.26p | 10,495 |
15 October 2018 | 12,588 | 4,207 shares @ 149.4p | 8,381 |
12 February 2019 | 13,595 | 4,544 shares @151.26p | 9,051 |
9 July 2019 | 45,000 | 15,039 shares @151.26p | 29,961 |
3 December 2019 | 17,698 | 5,915 shares @ 151.26p | 11,783 |
Total | 104,644 | 34,973 shares (£52,821.91) | 69,671 |
Following these transactions, Shaun Morton's shareholding in the Company is now 109,700 shares (0.07% of issued share capital).
The Notification of Dealing Form required in accordance with UK MAR is set out below.
For further information:
FTI Consulting Alex Beagley Fiona Walker Sam Macpherson Rafaella de Freitas | Tel: +44 (0)20 3727 1000 |
About On the Beach
On the Beach is a consumer-centric disruptor on a mission to continually democratise easy access, hassle free, great value holidays. Having invested in proposition, technology, brand and service, our asset light model is well positioned to continue to attract and retain the widest possible audience of beach holidaymakers. We are a leading online retailer in the UK short haul beach holiday market. By expanding into B2B and Long Haul channels, we have doubled our UK addressable market, and have a long‐term vision to become Europe's leading online retailer of beach holidays.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||||||||||
a) | Name | Shaun Morton | ||||||||||||||
2. | Reason for the notification | |||||||||||||||
a) | Position / status | PDMR: Chief Financial Officer | ||||||||||||||
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 | Exercise of nil-cost options granted under the On the Beach Group plc Long Term Incentive Plan and sale of some of the resulting shares to meet tax liability generated by the exercise | ||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||
d) | Aggregated information - Aggregated volume - Price | N/A
| ||||||||||||||
e) | Date of the transaction | 23 December 2022 | ||||||||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||||||||
Related Shares:
On The Beach