On the Beach Group PLC PDMR (5054U)
October 24 2017 - 11:42AM
UK Regulatory
TIDMOTB
RNS Number : 5054U
On the Beach Group PLC
24 October 2017
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 Position Status Shares Number Shares Company
of PDMR held of shares held holding
prior sold post post
to sale sale sale
---------- --------------------- -------- ---------- ----------- ---------- ---------
Jonathan Chief Technical
Smith Officer PDMR 3,149,943 1,000,000 2,149,943 1.65%
---------- --------------------- -------- ---------- ----------- ---------- ---------
Alistair Chief Marketing
Daly Officer PDMR 3,149,943 1,000,000 2,149,943 1.65%
---------- --------------------- -------- ---------- ----------- ---------- ---------
Bill Chief Supply
Allen Officer PDMR 549,704 250,000 299,704 0.23%
---------- --------------------- -------- ---------- ----------- ---------- ---------
Oliver Chief International
Garner 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 Initial notification
notification
/Amendment
---- ----------------- -----------------------------------------
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 Ordinary shares of GBP0.01 each in
of the On the Beach Group plc
financial
instrument, Identification code for On The Beach
type of Group plc ordinary shares: GB00BYM1K758
instrument
Identification
code
---- ----------------- -----------------------------------------
(b) Nature Sale of shares
of the
transaction
---- ----------------- -----------------------------------------
(c) Price(s) Volumes: see table above.
and volume(s) Price: 439p per share
---- ----------------- -----------------------------------------
(d) Aggregated See table above
Information,
Aggregated
volume,
Prices
---- ----------------- -----------------------------------------
(e) Date of 24 October 2017
the transaction
---- ----------------- -----------------------------------------
(f) Place London Stock Exchange
of the
transaction
---- ----------------- -----------------------------------------
For further information:
On the Beach Group plc c/o FTI Consulting
Simon Cooper, Chief Executive
Officer
Paul Meehan, Chief Financial
Officer
FTI Consulting Tel: +44 (0)20 3727
Jonathon Brill 1000
Alex Beagley
Fiona Walker
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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