TIDMOTB

RNS Number : 8192E

On the Beach Group PLC

09 July 2021

9 July 2021

On the Beach Group plc

("Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

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 7 July 2021 and admission of the shares on 9 July 2021, the following PDMRs have subscribed for shares in the Company as set out below, at a price per share of 330p.

 
         A                        B                        C                 D               E 
  Name of PDMR/PCA         Position/Status             Number of       Shareholding    Shareholding 
                                                     placing shares     on Admission     as a % of 
                                                    to be subscribed                      Enlarged 
                                                                                        Issued Share 
                                                                                         Capital on 
                                                                                         Admission 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Chief Executive 
 Simon Cooper*         Officer                                30,303       7,849,603          4.746% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Chair of 
 Richard Pennycook     the Board of Directors                  2,297          48,267          0.029% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Non-Executive 
 Elaine O'Donnell*     Director                                3,030          11,447          0.007% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Non-Executive 
 David Kelly           Director                                3,030          10,258          0.006% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Director 
 Adam Hansen           of Corporate Development                3,030           8,873          0.005% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Chief Technology 
 Stefan Nordin         and Product Officer                     3,030           6,913          0.004% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Chief Marketing 
 Zoe Harris            Officer                                 6,060           6,060          0.004% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Non-Executive 
 Justine Greening      Director                                3,636           3,636          0.002% 
                     ---------------------------  ------------------  --------------  -------------- 
                      PDMR - Chief Financial 
 Shaun Morton          Officer                                 3,030           3,030          0.002% 
                     ---------------------------  ------------------  --------------  -------------- 
 

* 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             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 On the Beach 
        of the financial    Group plc 
        instrument, 
        type of             Identification code for On the Beach Group plc 
        instrument          ordinary shares: GB00BYM1K758 
        Identification 
        code 
      ------------------  --------------------------------------------------- 
 (b)   Nature of           Placing of shares by way of accelerated bookbuild, 
        the transaction     as announced on 7 July 2021 
      ------------------  --------------------------------------------------- 
 (c)   Price(s)            Volumes: as stated in column C of table above. 
        and volume(s)       Price: 330p per share 
      ------------------  --------------------------------------------------- 
 (d)   Aggregated          N/A 
        Information, 
        Aggregated 
        volume, 
        Prices 
      ------------------  --------------------------------------------------- 
 (e)   Date of             9 July 2021 
        the transaction 
      ------------------  --------------------------------------------------- 
 (f)   Place of            London Stock Exchange 
        the transaction 
      ------------------  --------------------------------------------------- 
 

For further information:

 
 On the Beach Group plc                   c/o FTI Consulting 
  Simon Cooper, Chief Executive Officer 
  Shaun Morton, Chief Financial Officer 
 FTI Consulting                           Tel: +44 (0)20 3727 1000 
  Alex Beagley 
  Fiona Walker 
  Sam Macpherson 
 

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END

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(END) Dow Jones Newswires

July 09, 2021 11:07 ET (15:07 GMT)

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