ON THE BEACH GROUP PLC — Remuneration Information 2021

Feb 10, 2021

National Storage Mechanism | Additional information

RNS Number : 6155O

On the Beach Group PLC

10 February 2021

10 February 2021

On the Beach Group plc

("On the Beach" or the "Group")

PDMR LTIP AWARDS

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 5 February 2021, awards over shares (the "Awards") 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 established in accordance with the rules of the Plan and vesting is subject to adjusted earnings per share ("EPS") (70% of each Award) and total shareholder return ("TSR") targets (30% of each Award)), measured over the final financial year of the performance period ending 30 September 2023 and over the three year period commencing on the date of grant respectively.

Director/PDMR	Role	Number of shares over which Awards made
Simon Cooper	Chief Executive Officer	84,861
Shaun Morton	Chief Financial Officer	204,918
Adam Hansen	Director of Corporate Development	73,770
Bill Allen	Chief Supply Officer	83,627
Kirsteen Vickerstaff	General Counsel and Company Secretary	53,279
Oliver Garner	Chief Executive Officer, Classic Collection Holidays and Classic Package Holidays	83,627
Stefan Nordin	Chief Technology and Product Officer	111,352
Zoe Harris	Chief Marketing Officer	118,852

These awards are subject to both EPS and TSR targets measured over a three year performance period and are summarised below:

Adjusted EPS for the financial year ending 30 September 2023	% of EPS element capable of vesting
Below threshold: < 17.27 pence	0%
Threshold: 17.27 pence	25%
Maximum: 23.37 pence or above	100%
Between 17.27 and 23.37 pence	25%-100% pro-rata on a straight line basis

Annualised TSR over the three year performance period	% of TSR element capable of vesting
Below threshold: <8%	0%
Threshold: 8%	25%
Maximum: 15%	100%
Between 8% and 15%	25%-100% pro-rata on a straight line basis

There were 157,474,962 shares in issue at the time of this notification.

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

SIMON COOPER

SHAUN MORTON

ADAM HANSEN

BILL ALLEN

KIRSTEEN VICKERSTAFF

OLIVER GARNER

STEFAN NORDIN

ZOE HARRIS

2.

Reason for the notification

a)

Position / status

SIMON COOPER - CHIEF EXECUTIVE OFFICER

SHAUN MORTON - CHIEF FINANCIAL OFFICER

ADAM HANSEN - DIRECTOR OF CORPORATE DEVELOPMENT

BILL ALLEN - CHIEF SUPPLY OFFICER

KIRSTEEN VICKERSTAFF - GENERAL COUNSEL AND COMPANY SECRETARY

OLIVER GARNER - CHIEF EXECUTIVE OFFICER, CLASSIC COLLECTION HOLIDAYS AND CLASSIC PACKAGE HOLIDAYS

STEFAN NORDIN - CHIEF TECHNOLOGY AND PRODUCT OFFICER

ZOE HARRIS - CHIEF MARKETING OFFICER

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	SIMON COOPER - 84,861
Nil	SHAUN MORTON - 204,918
Nil	ADAM HANSEN - 73,770
Nil	BILL ALLEN - 83,627
Nil	KIRSTEEN VICKERSTAFF - 53,279
Nil	OLIVER GARNER - 83,627
Nil	STEFAN NORDIN - 111,352
Nil	ZOE HARRIS - 118,852

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

5 February 2021

f)

Place of the transaction

Outside a trading venue

For further information:

On the Beach Group plc Kirsteen Vickerstaff, Company Secretary	via FTI Consulting
FTI Consulting Alex Beagley Fiona Walker Sam Macpherson Holly Ayres	Tel: +44 (0)20 3727 1000

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