PDMR LTIP Awards
LTIP awards granted to eight PDMRs with no performance targets, vesting subject to continued employment.
- CEO award (Shaun Morton) 321,587 shares
- CFO award (Jon Wormald) 200,519 shares
- CMO award (Zoe Harris) 249,703 shares
- Chief Strategy Officer award (Adam Hansen) 174,792 shares
- Chief Supply Officer award (Bill Allen) 126,721 shares
- Chief Technology & Product Officer award (Kasia Michalska) 213,649 shares
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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 ("Shares") in the share capital of On the Beach Group plc.
On 2 October 2024, awards over Shares ("FY25 Awards") were made under the On the Beach Group plc Long Term Incentive Plan ("LTIP"). The Awards, made for nil consideration, are nil-cost options established in accordance with the LTIP rules. There are no performance targets applicable to the Awards but vesting is subject to continued employment.
Under the Directors' Remuneration Policy and LTIP rules, the Remuneration Committee has discretion to adjust the vesting level of awards. In making its assessment at the end of the vesting period, the Remuneration Committee will take into account factors including (but not limited to) the shareholder experience and to what extent the outcome incorporates any windfall gain which may warrant adjustment.
| PDMR | Role | Number of Shares over which Awards made |
|---|---|---|
| Shaun Morton | Chief Executive Officer | 321,587 |
| Jon Wormald | Chief Financial Officer | 200,519 |
| Zoe Harris | Chief Marketing Officer | 249,703 |
| Adam Hansen | Chief Strategy Officer | 174,792 |
| Bill Allen | Chief Supply Officer | 126,721 |
| Kasia Michalska | Chief Technology & Product Officer | 213,649 |
| Jennie Cronin | Chief People Officer | 135,014 |
| Kirsteen Vickerstaff | General Counsel and Company Secretary | 169,334 |
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | SHAUN MORTON JON WORMALD ZOE HARRIS ADAM HANSEN BILL ALLEN KASIA MICHALSKA JENNIE CRONIN KIRSTEEN VICKERSTAFF |
| 2. | Reason for the notification | |
| a) | Position / status | SHAUN MORTON- CHIEF EXECUTIVE OFFICER JON WORMALD - CHIEF FINANCIAL OFFICER ZOE HARRIS- CHIEF MARKETING OFFICER ADAM HANSEN - CHIEF STRATEGY OFFICER BILL ALLEN- CHIEF SUPPLY OFFICER KASIA MICHALSKA - CHIEF TECHNOLOGY & PRODUCT OFFICER JENNIE CRONIN- CHIEF PEOPLE OFFICER KIRSTEEN VICKERSTAFF - GENERAL COUNSEL AND COMPANY SECRETARY |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | On the Beach Group plc |
| b) | LEI | 213800K51Y9BZY7F9R69 |
| 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 SHAUN MORTON - 321,587 Nil JON WORMALD - 200,519 Nil ZOE HARRIS - 249,703 Nil ADAM HANSEN - 174,792 Nil BILL ALLEN - 126,721 Nil KASIA MICHALSKA - 213,649 Nil JENNIE CRONIN - 135,014 Nil KIRSTEEN VICKERSTAFF - 169,334 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 2 October 2024 |
| f) | Place of the transaction | Outside a trading venue |
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