On the Beach Group PLC Director/PDMR Shareholding (3936S)
December 20 2016 - 9:16AM
UK Regulatory
TIDMOTB
RNS Number : 3936S
On the Beach Group PLC
20 December 2016
20 December 2016
On the Beach Group plc
("On the Beach" 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), the UK's leading online
retailer for beach holidays, has been informed that, following the
completion of the placing of the Company's shares announced on 16
December 2016, the following PDMRs and PCAs have sold shares in the
Company as set out below, at a price per share of 240p.
Name of PDMR/PCA Status Shares Number Shares Company
held of shares held holding
prior sold post post
to sale sale sale
-------------------- ----------- ----------- ----------- ----------- ---------
Hawksford Trustees
Jersey Limited
(as trustees
of the Sule
Cooper 2014
Settlement)
on behalf of PCA
the family of Simon
of Simon Cooper* Cooper 12,129,387 2,832,738 9,296,649 7.13%
-------------------- ----------- ----------- ----------- ----------- ---------
Wendy Parry PDMR 4,149,943 1,000,000 3,149,943 2.41%
-------------------- ----------- ----------- ----------- ----------- ---------
Jonathan Smith PDMR 4,149,943 1,000,000 3,149,943 2.41%
-------------------- ----------- ----------- ----------- ----------- ---------
Alistair Daly PDMR 4,149,943 1,000,000 3,149,943 2.41%
-------------------- ----------- ----------- ----------- ----------- ---------
Bill Allen PDMR 749,704 200,000 549,704 0.42%
-------------------- ----------- ----------- ----------- ----------- ---------
Oliver Garner PDMR 565,815 200,000 365,815 0.28%
-------------------- ----------- ----------- ----------- ----------- ---------
TOTAL 25,894,735 6,232,738 19,661,997 15.07%
--------------------------------- ----------- ----------- ----------- ---------
*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, being 1.56% of the
issued capital).
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 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 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 Placing of shares by way of accelerated
of the bookbuild, as announced on 16 December
transaction 2016
---- ----------------- -----------------------------------------
(c) Price(s) Volumes: see table above.
and volume(s) Price: 240p per share
---- ----------------- -----------------------------------------
(d) Aggregated See table above
Information,
Aggregated
volume,
Prices
---- ----------------- -----------------------------------------
(e) Date of 20 December 2016
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
Wendy Parry, 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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