Last checked at 26 May 2017 14:35
26 May 2017
ON THE BEACH GROUP PLC
Symbol: OTB
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
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 in the share capital of On the Beach Group plc.
On 26 May 2017, Awards over shares were made under the On the Beach Group plc Long Term Incentive Plan (the "Plan"), consequently, the share interests of the under-noted directors and persons discharging managerial responsibility have changed following the making of the Awards.
The Awards, made for nil consideration, are nil-cost options and vesting is subject to performance conditions (earnings per share (70% of each Award) and total shareholder return targets (30% of each Award)) established in accordance with the rules of the Plan and measured over a three year period commencing on 1 October 2016.
Director/PDMR | Number of shares over which Awards made |
Simon Cooper | 99,502 |
Paul Meehan | 186,567 |
Jonathan Smith | 79,602 |
Alistair Daly | 79,602 |
Bill Allen | 79,602 |
Oliver Garner | 63,184 |
Kirsteen Vickerstaff | 14,366 |
There were 130,434,763 shares in issue at the time of this notification.
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 | SIMON COOPER PAUL MEEHAN JONATHAN SMITH ALISTAIR DALY BILL ALLEN OLVER GARNER KIRSTEEN VICKERSTAFF | ||||||||||||||||||||||||
2. | Reason for the notification | |||||||||||||||||||||||||
a) | Position / status | SIMON COOPER - CHIEF EXECUTIVE OFFICER PAUL MEEHAN - CHIEF FINANCIAL OFFICER JONATHAN SMITH - CHIEF TECHNOLOGY OFFICER ALISTAIR DALY - CHIEF MARKETING OFFICER BILL ALLEN - CHIEF SUPPLY OFFICER OLIVER GARNER - CHIEF INTERNATIONAL 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 | OTB | ||||||||||||||||||||||||
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 |
* This includes shares held via Hawksford Trustees Jersey Limited (as trustees of the Sule Cooper 2014 Settlement) on behalf of the family of Simon Cooper SIMON COOPER - Nil PAUL MEEHAN - Nil JONATHAN SMITH - Nil ALISTAIR DALY - Nil BILL ALLEN - Nil OLVER GARNER - Nil KIRSTEEN VICKERSTAFF - Nil | ||||||||||||||||||||||||
e) | Date of the transaction | 26 May 2017 | ||||||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||||||
Kirsteen Vickerstaff
Company Secretary
--ENDS--