Last checked at 24 Oct 2017 16:42
24 October 2017
On the Beach Group plc
("On the Beach" or the "Group")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")
On the Beach Group plc (LSE: OTB.L), the UK's leading online retailer for beach holidays, has been informed that the following PDMRs have today sold shares in the Company as set out below, at a price per share of 439p.
Name of PDMR | Position | Status | Shares held prior to sale | Number of shares sold | Shares held post sale | Company holding post sale |
Jonathan Smith | Chief Technical Officer | PDMR | 3,149,943 | 1,000,000 | 2,149,943 | 1.65% |
Alistair Daly | Chief Marketing Officer | PDMR | 3,149,943 | 1,000,000 | 2,149,943 | 1.65% |
Bill Allen | Chief Supply Officer | PDMR | 549,704 | 250,000 | 299,704 | 0.23% |
Oliver Garner | Chief International Officer | PDMR | 365,815 | 200,000 | 165,815 | 0.13% |
TOTAL | 7,215,405 | 2,450,000 | 4,765,405 | 3.65% |
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 | See table above |
2 | Reason for the notification | |
(a) | Position/status | See 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 | Sale of shares |
(c) | Price(s) and volume(s) | Volumes: see table above. Price: 439p per share |
(d) | Aggregated Information, Aggregated volume, Prices | See table above |
(e) | Date of the transaction | 24 October 2017 |
(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 Jonathon Brill Alex Beagley Fiona Walker | Tel: +44 (0)20 3727 1000 |
About On the Beach
On the Beach is one of the UK's largest online retailers of beach holidays with a 20% share of the online short haul beach holiday market. The Group has a large opportunity to generate further growth and has a vision to become Europe's leading online retailer of beach holidays. On the Beach provides a significant structural challenge to legacy tour operators and travel agents as the Group continues its journey to disrupt the online retail of beach holidays with its scalable, flexible, innovative technology, combined with a strong customer value proposition and a low cost base. The business model is customer-centric, asset light, profitable and cash generative.
www.onthebeachgroupplc.com