On the Beach Group PLC PDMR Transaction: Grant of Buyout Award to CFO (7904E)
03 Luglio 2023 - 3:03PM
UK Regulatory
TIDMOTB
RNS Number : 7904E
On the Beach Group PLC
03 July 2023
3 July 2023
On The Beach Group plc
PDMR Transaction: Grant of Buyout Award to Chief Financial
Officer
On The Beach Group plc ("On The Beach" or the "Company")
announces that on 30 June 2023, Jon Wormald, the Company's Chief
Financial Officer, was granted a buyout award following his recent
appointment. The buyout award granted is of equivalent value to
awards granted to him by his previous employer, which he forfeited
upon commencing employment with On The Beach.
The buyout award has been delivered in the form of a nil cost
option over ordinary shares in the Company, granted under the On
The Beach Group plc Long Term Incentive Plan 2023 ("Plan"), and is
subject to the malus and clawback provisions of the Plan, as well
as holding periods in line with those applicable to the forfeited
awards.
The Notification of Dealing Form set out below is provided in
accordance with the requirements of the UK Market Abuse
Regulation.
Enquiries:
On The Beach Group plc via FTI Consulting
Shaun Morton, Chief Executive Officer
Jon Wormald, Chief Financial Officer
FTI Consulting Tel: (+44) (0)20 3727 1000
Alex Beagley
Fiona Walker
Sam Macpherson
Rafaella de Freitas
Details of the PDMR / person closely associated
1.
a) Name Jon Wormald
-------------------------------- --------------------------------------------
Reason for the notification
2.
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a) Position / status Chief Financial Officer
-------------------------------- --------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name On The Beach Group plc
-------------------------------- --------------------------------------------
b) LEI 213800K51Y9BZY7F9R69
-------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 Ordinary shares of 1p each
instrument, type of instrument
Identification code GB00BYM1K758
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a nil cost option under the
On The Beach Group plc Long Term Incentive
Plan 2023
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 73,274
----------
-------------------------------- --------------------------------------------
d) Aggregated information N/A
e) Date of the transaction 30 June 2023
-------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
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END
DSHFLFIVDLIVIIV
(END) Dow Jones Newswires
July 03, 2023 09:03 ET (13:03 GMT)
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