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) |
Price(s) |
Volume(s) |
Nil Nil Nil Nil |
BILL ALLEN - 242,500 OLIVER GARNER - 242,500 STEFAN NORDIN - 200,000 KIRSTEEN VICKERSTAFF - 60,000 |
|
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 |