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RNS Number : 4177G
On the Beach Group PLC
26 May 2017
 

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)

Price(s)

Volume(s)

Nil

Nil

Nil

Nil

Nil

Nil

Nil

SIMON COOPER - 99,502

PAUL MEEHAN - 186,567

JONATHAN SMITH - 79,602

ALISTAIR DALY - 79,602

BILL ALLEN - 79,602

OLVER GARNER - 63,184

KIRSTEEN VICKERSTAFF - 14,366

 

 

d)

Aggregated information

-      Aggregated volume

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-      Price

 

Director/PDMR

Shares held

Shares under option

SIMON COOPER

11,330,950*

191,245

 

PAUL MEEHAN

0

186,567

 

JONATHAN SMITH

3,149,943

 

152,996

 

ALISTAIR DALY

3,149,943

 

152,996

 

BILL ALLEN

550,370

 

152,996

 

OLIVER GARNER

365,815

 

121,441

 

KIRSTEEN VICKERSTAFF

942

 

26,981

 

 

* 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--


This information is provided by RNS
The company news service from the London Stock Exchange
 
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