ON THE BEACH GROUP PLC — Remuneration Information 2017

Dec 20, 2017

National Storage Mechanism | Additional information

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RNS Number : 9838Z

On the Beach Group PLC

20 December 2017

20 December 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 20 December 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 2017.  

Director/PDMR	Number of shares over which Awards made
Simon Cooper	50,441
Paul Meehan	94,578
Jonathan Smith	32,282
Alistair Daly	40,353
Bill Allen	40,353
Oliver Garner	40,353
Kirsteen Vickerstaff	8,496

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

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

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 - 50,441 PAUL MEEHAN - 94,578 JONATHAN SMITH - 32,282 ALISTAIR DALY - 40,353 BILL ALLEN - 40,353 OLVER GARNER - 40,353 KIRSTEEN VICKERSTAFF - 8,496

d)

Aggregated information

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

20 December 2017

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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