OTB.L

On The Beach Group Plc
On the Beach Group - PDMR/PCA Notification
13th December 2024, 15:59
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RNS Number : 1021Q
On the Beach Group PLC
13 December 2024
 

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

 

 

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