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 |
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On The Beach Group plc published this content on 10 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 July 2019 13:07:02 UTC