Last checked at 27 May 2020 12:23
27 May 2020
On the Beach Group plc
("On the Beach", "Company" or the "Group")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")
On the Beach Group plc (LSE: OTB.L), has been informed that, following the completion of the placing of the Company's shares announced on 22 May 2020 and admission of the shares on 27 May 2020, the following PDMRs and PCAs have subscribed for shares in the Company as set out below, at a price per share of 257.5p.
A | B | C | D | E |
Name of PDMR/PCA | Position/Status | Number of placing shares to be subscribed | Shareholding on Admission | Shareholding as a % of Enlarged Issued Share Capital on Admission |
Hawksford Trustees Jersey Limited (as trustees of the Sule Cooper 2014 Settlement) on behalf of the family of Simon Cooper* | PCA of Simon Cooper, Chief Executive Officer | 388,350 | 9,684,999 | 6.15% |
Bill Allen | PDMR - Chief Supply Officer | 3,883 | 4,549 | 0.003% |
Oliver Garner | PDMR - Chief Executive Officer, Classic Collection Holidays and Classic Package Holidays | 3,883 | 3,883 | 0.002% |
Richard Pennycook | PDMR - Chair of the Board of Directors | 7,637 | 45,970 | 0.03% |
David Kelly | PDMR - Non-Executive Director | 3,883 | 7,228 | 0.005% |
Elaine O'Donnell** | PDMR - Non-Executive Director | 3,883 | 8,417 | 0.01% |
Paul Meehan** | PDMR - Chief Financial Officer | 3,883 | 26,105 | 0.02% |
Stefan Nordin | PDMR - Chief Technology and Product Officer | 3,883 | 3,883 | 0.002% |
*For information, Simon Cooper's own direct shareholding has not changed since the initial public offering of the Company's shares in September 2015 (he still holds 2,034,301 shares, being 1.3% of the enlarged issued capital).
** Includes shares held by PCAs
The table below contains the information required to be disclosed by the Company pursuant to article 19 of the Market Abuse Regulation in relation to the dealings referred to above.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | As stated in column A of table above |
2 | Reason for the notification | |
(a) | Position/status | As stated in column B of table above |
(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, type of instrument Identification code | Ordinary shares of £0.01 each in On the Beach Group plc
Identification code for On the Beach Group plc ordinary shares: GB00BYM1K758 |
(b) | Nature of the transaction | Placing of shares by way of accelerated bookbuild, as announced on 22 May 2020 |
(c) | Price(s) and volume(s) | Volumes: as stated in column C of table above. Price: 257.5p per share |
(d) | Aggregated Information, Aggregated volume, Prices | N/A |
(e) | Date of the transaction | 27 May 2020 |
(f) | Place of the transaction | London Stock Exchange |
For further information:
On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, Chief Financial Officer
| c/o FTI Consulting |
FTI Consulting Alex Beagley Fiona Walker Sam Macpherson | Tel: +44 (0)20 3727 1000 |