13
December 2024
On the Beach Group
plc
("On the
Beach", "OTB" or the "Company")
Notification of transactions
by Directors, Persons Discharging Managerial Responsibilities
("PDMRs") and persons closely associated with
them
On the Beach Group plc (LSE: OTB.L),
a leading UK online retailer for beach holidays, announces that
Hawksford Trustees Jersey Limited (as trustees of the SC
2014 Settlement), a PCA of Simon Cooper (Founder
Director NED of On the Beach Group plc), notified the Company on 12
December 2024 that it had sold 3,000,000 ordinary
shares of 1 pence each in the Company ("Ordinary
Shares") at price of 228 pence per Ordinary Share.
Simon Cooper,
Founder of On the Beach, said:
"This share sale follows my reinvestment into On the
Beach in 2022 and 2023 and I am now realising a portion of that
investment. I remain a significant and long term shareholder in the
Group and have every confidence that Shaun and the team will
deliver on the recently outlined medium term ambitions."
Following this sale, Simon Cooper
will have an interest in 9,521,226 Ordinary Shares, representing
5.7% of the issued share capital of the Company, as outlined
below:
|
Shareholder
|
Number of
shares
|
% of
issued share capital
|
|
Hawksford Trustees Jersey Limited (a
PCA of Simon Cooper)
|
7,427,589
|
4.45%
|
|
Simon Cooper (in his own
name)
|
2,093,637
|
1.25%
|
|
TOTAL
|
9,521,226
|
5.7%
|
The Notification of Dealing Form
required in accordance with UK MAR is set out below.
For
further information:
|
FTI
Consulting
Alex Beagley
Harriet Jackson
Hannah Butler
Lia Bevan
|
Tel: +44 (0)20 3727 1000
onthebeach@fticonsulting.com
|
About On the Beach
On the Beach Group plc is one of the
UK's largest online beach holidays retailers, with significant
opportunities for growth. Its innovative technology, low-cost base
and strong customer-value proposition provides a structural
challenge to legacy tour operators and online travel agents, as it
continues disrupting the online retail of beach holidays. Its model
is customer-centric, asset light, profitable and cash
generative.
www.onthebeachgroupplc.com
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Hawksford Trustees Jersey Limited
(as trustees of the SC 2014 Settlement) on behalf of the family of
Simon Cooper
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
PCA of Simon Cooper,
Founder Director NED of On
the Beach Group plc
|
|
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 1 pence
each
GB00BYM1K758
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume
|
|
228 pence per share
|
3,000,000
Ordinary Shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
N/A
|
|
e)
|
Date of the transaction
|
12 December 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
